InstaBrain Provides Sophisticated Real-Time Underwriting
InstaBrain Inc., announced a newly launched data-driven solution and real-time underwriting platform powered by hr | ReFlex, Hannover Life Reassurance Company of America’s (Hannover Re US) automated underwriting system.
InstaBrain is transforming how insurance products are built and delivered. It is leading the way in InsurTech with innovative, efficient solutions that meet the needs of modern consumers. Agencies and agents can diversify offerings with InstaBrain’s digital underwriting, instant-decision products with features like approvals in as little as 10 minutes, personalized dashboards with built-in client management and marketing tools, simplified contracting and more.
“Our new initiative with Hannover Re US and Fidelity Life Association reflects our determination in advancing real-time underwriting solutions,” said Frank Esquibel, chief technology officer of InstaBrain. “Incorporating our technology with hr | ReFlex will streamline the underwriting process, setting a new benchmark for precision and speed in the industry.”
Catch more Fintech Insights : Global FinTech Interview with Steve Cover, CTO, iPipeline
“The partnership with InstaBrain and Fidelity Life Association demonstrates our commitment to our purpose statement; Beyond risk sharing, we team up to create opportunities,” commented Dan Bouchard, AVP & Actuary at Hannover Re US. “Real-time, digital solutions are core to our strategy and hr | ReFlex’s automated underwriting combined with InstaBrain’s platform enables the risk selection precision necessary for the digital world.”
This partnership marks InstaBrain’s fourth major agreement since its launch, following deals with Brokers Alliance, Acrylic Financial and Fidelity Life.
InstaBrain is an innovative instant-issue platform that assists consumers with quoting, applying, underwriting, and securing their insurance policy in a seamless online experience.
Hannover Life Reassurance Company of America (Hannover Re US), which is licensed and/or accredited in all 50 states, the District of Columbia and Puerto Rico, is one of the North American life and health reinsurance subsidiaries of the Hannover Re Group. Hannover Re is one of the world’s leading reinsurers. It transacts all lines of property and casualty and life and health reinsurance and is present worldwide with more than 3,500 staff. German business of the Hannover Re Group is written by the subsidiary E+S Rück. Established in 1966, Hannover Re is recognized as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor’s AA- “Very Strong” and A.M. Best A+ “Superior”.
InstaBrain is a one-of-a-kind instant-issue platform assisting consumers with quoting, applying, underwriting, and securing their insurance policy in one seamless online experience. In just minutes consumers can quote, apply, and get approved for Term Life Insurance, Disability Insurance, Critical Illness, Guaranteed Issue Whole Life, and more. InstaBrain also offers financial institutions, agents, and advisors the ability to offer insurance products to consumers in a 100% digital environment. It provides customers with access to purchase insurance 24/7 using the latest InsurTech technology.
Read More on Fintech : Global Fintech Series Interview with Tate Hackert, President and Co-founder of ZayZoon
[To share your insights with us, please write to psen@itechseries.com ]
