Company Overview

About Instanda

Instanda Details

Founded

2012

Revenue

$9.1M

Funding

$66M

Team Size

210

What SIA Thinks

INSTEANDA is a software platform designed for insurance companies to create and manage their products quickly and efficiently. It empowers insurance providers to bring their ideas to life without needing extensive coding skills. Essentially, INSTEANDA helps you design, test, and launch new insurance products with ease.

Everything is set up to be user-friendly, allowing you to adapt and customize your offerings to match what customers are looking for. With INSTEANDA, you can handle everything from initial concept to final product launch all in one place. This saves time and makes the process much smoother.

INSTEANDA also facilitates easy updates and changes to your products. So, if market conditions change or new regulatory requirements come into play, you can adjust your offerings accordingly without going through lengthy development cycles.

It's about simplification. Instead of grappling with complex software development, you can focus on what you do best—creating insurance products that meet your customers' needs. The platform supports a variety of insurance lines and can be used globally, making it versatile for different markets and regulations.

Another benefit is cost efficiency. Because you don't need a big team of developers, you save on resources and can redirect that investment towards growing your business. Plus, INSTEANDA offers a straightforward pricing model that makes budgeting easier.

In summary, INSTEANDA is a practical tool for modern insurance companies who want to develop and manage their products in a more streamlined, cost-effective way. It removes the barriers that traditionally come with building insurance products, allowing for quick adaptation and continuous improvement.

Metrics History

7/22 - 4/24

Trending up by 5.2% this month
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Pros and Cons

Pros

  • Time-saving features
  • Quick implementation
  • Cost effective
  • Customizable options
  • User-friendly interface

Cons

  • Initial setup cost
  • Learning curve
  • Limited integrations
  • Customer support issues
  • Limited scalability

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