INSTANDA and DataCrest Partner to Revolutionize Quoting Efficiency for Global Insurers

Quick Summary

The INSTANDA and DataCrest partnership enables insurers to automate submission intake and accelerate quoting efficiency. By integrating DataCrest’s AppEase solution into INSTANDA’s no-code platform, carriers and MGAs can reduce quote turnaround times from hours to minutes while increasing total quote volume by up to 25%.

How does the INSTANDA and DataCrest partnership improve quoting efficiency?

The INSTANDA and DataCrest partnership addresses the traditional bottlenecks in the insurance application process by automating submission intake. By leveraging DataCrest’s AppEase solution, insurers can eliminate manual data entry and streamline underwriting decisions through intelligent document processing. This integration allows for a transformative efficiency gain, shifting the quoting lifecycle from a matter of hours to just minutes.

• 25% increase in overall quote volume for carriers.
• 76% reduction in the need for third-party outsourcing.
• Real-time data validation to ensure higher risk quality.

“By integrating with DataCrest to automate submissions intake, INSTANDA is setting a new benchmark for intelligent quoting efficiency,” said Derek Hill, co-founder and Global CRO at INSTANDA. “This innovative integration radically reduces time spent on quote generation, enabling carriers and MGAs to scale output with transformative efficiency, providing a superior customer experience. INSTANDA’s new partnership with DataCrest demonstrates our commitment to provide our customers with exceptional agility and proven solutions they need to help us redefine the future of insurance.”

What benefits do MGAs gain from this integration?

MGAs and carriers can now scale their output without increasing headcount or administrative overhead. The INSTANDA and DataCrest partnership provides a versatile technology foundation that optimizes data quality from the moment a submission is received. This ensures that agents and insureds receive a frictionless customer experience, while the business benefits from reduced administrative waste and improved key performance indicators (KPIs).

“The partnership with INSTANDA improves KPIs for our mutual carrier and MGA clients. That is most important. It enables them to streamline their applications and submission intake to quote quicker and reduce administrative waste, while writing more accounts that are better risks,” said DataCrest’s CEO Tom Young. “With INSTANDA's innovative platform and DataCrest's industry expertise, clients are poised to exceed their goals and improve their agents and insured's experience."

FF NEWS TAKE:

The INSTANDA and DataCrest partnership definitely moves the needle by tackling the 'last mile' of underwriting friction. While many platforms focus on policy management, the real battle is won at the submission intake stage. Reducing turnaround from hours to minutes isn't just an incremental update; it’s a competitive necessity in a market where speed-to-quote often determines who wins the business. This is a significant win for MGA agility.