Instanda and UnderwriteMe say their new collaboration will provide life clients in Australia and other key markets efficiencies across distribution and operational channels.

As part of the partnership, clients can use Instanda’s distribution and policy administration platform while benefiting from underwriting automation through UnderwriteMe across global markets.

“The combination ... provides the market with an integrated offering that streamlines distribution channels and enhances operational efficiencies within life insurance,” they said. “The solution allows insurers to use a no-code platform approach to reach markets with speed, ease and confidence – reducing placement time of business and making product simplicity accessible to use for those looking to scale and transform their life insurance offering.”

UnderwriteMe launched in Australia in 2015 with global reinsurer Pacific Life Re.

CEO James Tait says the new collaboration will help more insurers move towards greater digitisation.

“The integration means it is even easier for life insurers to access and deploy the latest tools, techniques and data that will transform underwriting automation as we know it – regardless of where they are in the world, their size and scale and product suite.”