Newgen and InsureMO Partner to Deliver Core and Infrastructure Capabilities

The partnership combines Newgen’s specialized underwriting and policy administration solutions with InsureMO’s insurance platform.

(Image source: InsureMO homepage.)

Newgen (Noida, India/McLean, Va.), and InsureMO (Singapore) have formed a partnership that merging Newgen’s specialized underwriting and policy administration solutions with InsureMO’s insurance platform. Newgen provides a unified digital transformation platform with native process automationcontent servicescommunication management, and AI/ML; and InsureMo is a global provider of insurance infrastructure solutions.The integration enables end-to-end automation, from application to issuance, with AI-led underwriting on NewgenONE low-code platform, according to a Newgen statement.

Rajvinder Kohli, SVP, Newgen Software.

InsureMO, which reports that it processes over $25 billion in GWP annually for over 300 carriers across more than 40 countries, offers a suite of pre-built products and APIs. InsureMO describes its capabilities as enabling rapid product creation and seamless connectivity to major placement platforms such as PSC, Ebix, Steadfast and the London market, expanding market reach. The firm’s alliance with Newgen aims to provide speed and flexibility, empowering clients to introduce new products swiftly and adapt to market changes seamlessly.

Transformative Potential

Rajat Sharma, Chief Revenue Officer, InsureMO.

The companies describe their partnership a powerful fusion of expertise and innovation, poised to redefine the future of the insurance industry.

“We are thrilled to unveil this strategic partnership with InsureMO,” comments Rajvinder Singh Kohli, SVP, Head of Global GSI, 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.”

“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,” says Rajat Sharma, Chief Revenue Officer, InsureMO.

Policy Administration System Modernization Projects Are All about Your People

 

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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