Instanda is an SaaS-based management tool that empowers insurers, brokers and managing general agents to build and launch any type or number of insurance products within unprecedented timescales, then distribute and self-manage it online and on a global basis.
Built on the Microsoft Azure preferred interface definition language, Swagger, Instanda's new application programming interfaces framework removes the need for manual intervention by automating the entire API interface change, with no need for technical input.
"The technology industry is evolving rapidly to migrate away from on-premises IT capability to a more flexible cloud-based model," said Warwick Hill, CEO-in-Residence and MD Microsoft Accelerator London. "Creating a dynamic API framework layer which is aligned to the Microsoft Azure ecosystem can increase that flexibility. Instanda partners can now interact with third-party software in the cloud quickly and seamlessly while improving performance across their businesses."