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Newgen and InsureMO Forge Transformative Partnership Redefining the Future of Insurance

Newgen and InsureMO have joined forces in an innovative partnership, blending Newgen’s expertise in underwriting and policy administration solutions with InsureMO’s advanced insurance platform. This collaboration ensures seamless automation throughout the entire process, from application submission to policy issuance, leveraging AI-driven underwriting on the NewgenONE low-code platform.

InsureMO, servicing a substantial portfolio of over $25 billion in Gross Written Premium (GWP) annually for more than 300 carriers across 40 countries, offers an extensive range of pre-designed products and APIs. With its robust capabilities, InsureMO facilitates rapid product development and smooth integration with major placement platforms such as PSC, Ebix, Steadfast, and the London market, thus broadening market access. The primary goal of this partnership is to deliver agility and adaptability, enabling clients to swiftly introduce new products and seamlessly respond to market dynamics.

“We are thrilled to unveil this strategic partnership with InsureMO,” said 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” he further added.

Rajat Sharma, Chief Revenue Officer of InsureMO, stated “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 strong collaboration between Newgen and InsureMO symbolizes a potent blend of knowledge and creativity, set to reshape the trajectory of the insurance sector. Get ready for a forthcoming era marked by enhanced efficiency, flexibility, and groundbreaking digital evolution.

Tags: BFSI