Tangram Insurance Services, a national MGA, and INSTANDA, a no-code InsurTech platform, have partnered to launch a general liability product for the security guard industry.
The partnership aims to simplify and transform the quoting and policy issuance process for Tangram’s underwriting team, according to FF News.
By combining Tangram’s industry expertise with INSTANDA’s agile technology, the collaboration seeks to speed up policy delivery while enhancing operational efficiency.
Tangram Insurance Services, Inc. focuses on providing specialised insurance programmes across multiple sectors, with a growing emphasis on the security guard industry. INSTANDA delivers no-code insurance technology that allows insurers and MGAs to design, rate, quote, bind, and manage insurance products efficiently through a fully digital platform.
The collaboration has produced a fully customisable Excess & Surplus (E&S) policy solution for the security sector, which Tangram brought to market in just 90 days. The INSTANDA platform integrates forms, endorsements, and manuscripts into a single automated system, streamlining the rate, quote, and bind process and reducing turnaround times for issuing policies.
Tangram’s new product is part of a wider strategy to offer more packaged solutions to the security guard industry. With the ease of use and speed enabled by INSTANDA, Tangram expects to increase the volume of quoted business and position itself as a full-service insurance provider for the sector.
“As Tangram continues to expand and enhance our program offerings, its crucial we partner with providers, like INSTANDA, that have a proven track-record and deep understanding of the insurance industry and our clients’ needs,” said Tracy Bernard, senior vice president of strategy at Tangram. “Our collaboration with INSTANDA enables us to invest in product development and deliver meaningful solutions more quickly and efficiently.”
“Tangram is bringing innovative, insight-driven products to niche markets,” said Tim Hardcastle, CEO and co-founder of INSTANDA. “INSTANDA’s agile platform enables Tangram to quickly and efficiently serve new market opportunities and drive impactful business outcomes. We’re proud to partner with Tangram as they shape the future of insurance.”
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