(Image source: Instanda homepage.)
Instanda, a provider of a cloud-based, digital ecosystem for property/casualty insurance, has announced that industry software veteran Euan King has joined the company’s management team as Executive Vice President of Business Development. The vendor characterizes King’s appointment as reflecting the firm’s emphasis on the North American market in recognition of insurers move from core system replacement to projects focused on digital enablement and customer experience.
King has nearly 40 years of experience in technology and software supporting the property/casualty insurance industry in the U.S., Canada, the U.K., continental Europe, and South Africa. His leadership experience for global organizations spans executive and operations management, business development, sales, marketing, and professional services. He was most recently a member of the global leadership team and president of 1insurer, where he was the company’s COO prior to being promoted to president.
“The way insurance companies evaluate, purchase, implement, and utilize technology has changed,” comments Tim Hardcastle, CEO, Instanda. “Euan’s deeply engaged in the InsurTech movement and knows the needs of today’s modern insurers. He’s an asset to launching our U.S. business.”
Before joining 1insurer (formerly Innovation Group), King was SVP and general manager at Huon Corporation in North America, which he joined after leaving leadership positions with IBM first in the U.K. and then in the U.S. He is a graduate of the University of the Witwatersrand in Johannesburg where he earned a B.A. in English, History, and Economic History.
Removing Complexity and Decoding the Process of Increasing Revenue
“The energy in the insurance marketplace is so positive,” comments King. “I love having the opportunity to help insurers move beyond the traditional thoughts and processes around legacy technology. Instanda creates a world of opportunity for risk providers, removing complexity, and decoding the process of increasing revenue.”
Instanda describes its offering as an entirely configurable, no-code solution that can be customized easily according to market and organizational needs. Instanda features what the vendor calls a dynamic integration framework designed to work within any existing IT infrastructure. The vendor further describes the offering as a scalable and secure solution, with cloud deployment options in any geography for any product line, which also eases regulatory compliance efforts. Instanda offers insurers the ability to ingest product portfolios, build complex underwriting and workflows, and deliver customer experience and consumer (agent or self-service) propositions, the vendor says.