(Image credit: Skitterphoto.)
The Synchrono Group Inc., a Raleigh, N.C.-based InsurTech managing underwriter specializing in property/casualty and workers’ compensation for the gig economy and small commercial insurance risks, has partnered with CodeEast, a Dublin-based software company specializing in insurance distribution and sales. The Synchrono Group, which does business as SynchronoSure, will use CodeEast’s ONEview Digital Platform for the administration of commercial property/casualty insurance products across the U.S.
“We are excited to sign a five-year partnership with SynchronoSure,” comments Aidan Brogan, CCO, CodeEast. “The selection of our ONEview system is a strong validation of the flexibility and agility of our cloud-native platform. With its inherent capabilities for producer management, environment control, data use, and the ability to support regulatory regimes in all states for commercial insurance, we think ONEview creates sustainable advantages for our customers. The digital transformation of the insurance industry is starting to gain momentum and will accelerate at pace. I look forward to growing our business in the USA.”
CodeEast reports that Synchrono went live with the CodeEast ONEview platform in less than three months. The vendor asserts that system has the state-of-the-art capabilities required to seamlessly integrate through REST API’s with Sybchrono’s proprietary technology stack, including the user interface, underwriting algorithms, and API data engine predictive tools. These integrations allow Synchrono to offer a market-leading response time that effectively positions them with the capability to underwrite, quote, bind, and issue policies in a matter of minutes rather than the hours and days common to most of their competitors, according to CodeEast.
Selecting the Right Tech Partner and Software Platform
“As an InsureTech managing underwriter which leverages data and technology to deliver custom insurance products, we need systems that are fast, flexible, and capable of integrating seamlessly around micro-services,” comments Steve Hartman, Chairman and CEO, Synchrono Group. “Getting the right tech partner and software platform in place for our products is a key element of this plan. We chose CodeEast’s ONEview Digital Insurance Platform because it provides us with the flexibility, the self-service facilities for Policyholders, Agents and Brokers, the delivery speed and the automation capability we require to deliver our strategy.”