Newgen and InsureMO forged a breakthrough alliance that combines Newgen’s specialised underwriting and policy administration solutions with InsureMO’s cutting-edge insurance platform. The connection promises end-to-end automation, from application to issuance, using AI-powered underwriting on the NewgenONE low-code platform.
InsureMO, which processes more than $25 billion in Gross Written Premium (GWP) yearly for 300+ carriers in 40+ countries, provides a comprehensive portfolio of pre-built products and APIs. InsureMO’s features enable rapid product development and smooth access to major placement platforms such as PSC, Ebix, Steadfast, and the London market, hence boosting market reach. This cooperation intends to deliver speed and flexibility, allowing clients to launch new products quickly and adjust to market changes effortlessly.
“We are thrilled to unveil this strategic partnership with InsureMO,” declared Rajvinder Singh Kohli, Senior VP and Head of Global GSI at Newgen. “This collaboration is a giant leap toward revolutionizing the insurance sector. Together, we leverage the transformative potential of low-code technology to fuel innovation and set unprecedented industry benchmarks.”
Rajat Sharma, Chief Revenue Officer of InsureMO, echoed the excitement, stating, “This partnership signifies a profound shift in redefining the insurance landscape. It empowers us to deliver unmatched value to our clients, facilitating a simplified and expedited digital journey without risky core PAS replacements.”
This dynamic collaboration between Newgen and InsureMO is a potent mix of knowledge and creativity, positioned to transform the future of the insurance sector. Stay tuned for a new era of efficiency, agility, and unprecedented digital transformation.
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