Newgen and InsureMO have forged a game-changing partnership, blending Newgen’s expertise in specialized underwriting and policy administration solutions with InsureMO’s state-of-the-art insurance platform. This integration promises seamless end-to-end automation, from application to issuance, leveraging AI-driven underwriting on NewgenONE’s low-code platform.
InsureMO, processing over $25 billion in Gross Written Premium (GWP) annually for 300+ carriers across 40+ countries, offers a robust suite of pre-built products and APIs. With InsureMO’s capabilities, rapid product creation and seamless connectivity to major placement platforms like PSC, Ebix, Steadfast, and the London market are facilitated, expanding market reach. This partnership aims to deliver speed and flexibility, empowering clients to swiftly introduce new products and seamlessly adapt to market changes.
“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.”
The dynamic collaboration between Newgen and InsureMO marks a significant fusion of expertise and innovation, poised to reshape the future of the insurance industry. Stay tuned for an era of enhanced efficiency, agility, and unparalleled digital transformation.
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