InsureMO, Unqork accomplice to assist creation of insurance coverage functions
Insurtech companies InsureMO and Unqork have teamed up to assist the method of constructing insurance coverage functions throughout life, well being, and property and casualty (P&C) segments.
The worldwide alliance is alleged to assist insurers, brokers, brokers, MGAs and insurtech companies handle digital insurance coverage market’s high-speed and high-volume character.
That is enabled by integrating the enterprise-grade no-code utility improvement capabilities of Unqork and InsureMO’s Center workplace APIs.
Customers can leverage the drag-and-drop interface of Unqork to develop front-end digital interactions, overlaying distribution throughout numerous channels and providing buyer portal and self-service instruments pushed by InsureMO APIs.
Unqork head of Insurance coverage Farooq Sheikh mentioned: “This partnership gives prospects with precisely what they’re in search of on this second – a technique to supercharge innovation and automation whereas reducing prices and accelerating time to market.”
A platform-as-a-service (PaaS), InsureMO serves as middleware for the insurance coverage sector, facilitating open API collaboration.
That includes an entire set of APIs and microservices for P&C, life, and medical insurance companies, it frees insurers from legacy constraints.
The agency powers over $20bn in annual premiums. It helps use circumstances throughout greater than 5,000 channels, over 300 insurers, and insurtech in over 30 nations.
However, Unqork’s codeless structure customary allows companies to develop and deploy complicated software program with out worries of code.
Its consumer record contains the US Division of Well being and Human Providers, Marsh, and Goldman Sachs.
InsureMO chief income officer Rajat Sharma mentioned: “InsureMO’s headless middleware platform for the insurance coverage trade, built-in with Unqork’s potential to customize frontend experiences, empowers insurers to quickly and simply launch new merchandise, decrease prices, and enhance speed-to-market.”