(Image source: Green Shield Risk Solutions homepage.)
Green Shield Risk Solutions, a Chicago-based provider of risk management and loss control solutions, has selected INSTANDA (London) to enhance its product and service offerings with digital solutions. Green Shield describes its mission as loss prevention, protecting policyholders from both the financial and emotional costs of losses. To achieve that mission, Green Shield reports that it is launching niche personal products to not only provide excellent coverage, but also use data to help policyholders prevent losses.
Green Shield describes its approach as a focus on the culmination of modern technology, data, and specialty insurance to reduce loss against catastrophic events. Green Shield says it chose INSTANDA’s insurance-specific, no-code platform to support their ambition to get products to market as quickly as possible and iterate in an ever-changing climate. INSTANDA will also enable Green Shield to tie into a complex data ecosystem to best underwrite properties and anticipate losses, according to a joint statement from the companies.
“Green Shield focuses on building products and solutions to fill insurance process gaps,” comments Patrick Blandford, CEO, Green Shield Risk Solutions. “As a startup, we must be able to adapt to market demands quickly. With INSTANDA, we can be in the driver’s seat of our products and distribution channels, enabling us to grow and enhance our solutions over time.”
Rapid Launch of Tailored Products
“We are thrilled to work with Green Shield Risk Solutions to help them introduce new insurance products and improve their customer engagement,” comments Tim Hardcastle, CEO, INSTANDA. “Our platform provides insurers with the flexibility to rapidly launch tailored products with automated, digital processes, and we look forward to seeing the impact it will have for Green Shield.”