3i Infotech partners with insurance middleware platform InsureMO
According
to the company’s statement, The partnership will enable 3i Infotech to expand
its services offering with implementation capabilities for the InsureMO
platform, which will modernize and transform the insurance providers’
offerings.
The InsureMO platform serves as a digital insurance middle
office platform for a plethora of entities, including insurers, brokers,
agents, channels, insurtech,
and startups.
The
company said that collaboration will speed up the transformative journey by
combining the strengths of both companies. As a result, customers can expect
lower operational costs in underwriting, faster launches of insurance products,
and a more efficient DevOps cycle for developing microservices and web
applications.
Rishi Agrawal, CTO of 3i Infotech, said, “As 3i Infotech embarks
on a promising phase of growth, finding partners who resonate with our vision
is paramount. With InsureMO, we believe we have found the ideal collaborator.
Leveraging their advanced platform and our expertise, our goal is to introduce
a pioneering and transformative digital PaaS solution tailored for
enterprises.”
Anubhav Sharma, Global head of Alliances at InsureMO,
said, “The digital transformation wave is altering business paradigms and
customer interaction models. The BFSI sector, especially insurance, is amidst
rapid evolution. We aim to spearhead this transformation partnering with 3i
Infotech—a legacy bearer with decades of service to renowned clients globally
making this endeavor even more promising.”
The
collaboration will support InsureMO's goal to simplify insurance and will help
the insurance industry to adapt more effectively to evolving customer needs,
changing regulations, and innovative business models.
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