{"id":17171,"date":"2023-12-04T17:08:31","date_gmt":"2023-12-04T14:08:31","guid":{"rendered":"https:\/\/insly.com\/?p=17171"},"modified":"2023-12-04T17:08:31","modified_gmt":"2023-12-04T14:08:31","slug":"insly-acquires-insurance-arm-of-tubapay-the-payments-company","status":"publish","type":"post","link":"https:\/\/insly.com\/en\/blog\/insly-acquires-insurance-arm-of-tubapay-the-payments-company\/","title":{"rendered":"Insly acquires insurance arm of TubaPay, the payments company"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p style=\"text-align: justify;\"><a href=\"https:\/\/insly.com\/\"><span style=\"font-weight: 400;\">Insly<\/span><\/a><span style=\"font-weight: 400;\">, the low\/no-code insurance software platform, has acquired the insurance arm of TubaPay, an application enabling insurance agents to process premium payments via credit card and online. Tubapay is owned by Bacca, a Polish payments and financial services company.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The deal expands Insly\u2019s service offering and forms part of the company\u2019s strategic plan to provide MGAs, insurers, brokers, and agents with all the technology and services they need. The payment platform not only enhances convenience for customers but also brings synergies for agents and insurers by channeling funds directly into the accounts of specific insurance companies, based on the policies issued. The payment service operates in collaboration with Fiserv, a globally renowned payment service provider.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">As part of the deal, Insly will acquire more than 800 current customer contracts, know-how, and the existing insurance payments team. The TubaPay brand is not part of the transaction, and Insly&#8217;s intention is to further develop the service under its own brand, InslyPay, which it plans to integrate with its CRM system by the end of Q2 2024. It will also be offered as a standalone service.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Risto Rossar, CEO and Founder of Insly, commented: \u201cHaving established ourselves as a leading insurance software platform for MGAs, insurance companies, brokers, and agents, we are now looking to expand our offering further. Acquisitions play an important role in our future growth, to both expand our service offerings and our geographical footprint. Incorporating InslyPay will enable users to fully streamline their sales and administration processes, increase efficiency, and provide a seamless experience to customers.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Founded by Risto Rossar in 2013, Insly enables insurers, MGAs, brokers, and underwriters to digitise and automate their mid and back-office operations, including distribution, policy administration, underwriting, claims, finance, and reinsurance. Insly\u2019s no\/low-code product is highly customisable and easily configurable, reducing the need for lengthy and costly development and implementation time.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In Poland, Insly is primarily known for its business dedicated to insurance agents, offering a subscription-based CRM system with premium comparison and policy issuance capabilities, as well as compliance support. With nearly 18,000 users, Insly is the most popular CRM system provider for agents and brokers in Poland. Polish operations account for more than 20 percent of Insly&#8217;s global revenues.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>About Insly \u00a0<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Insly has provided full-cycle low\/no-code insurance software for MGAs and insurance companies since 2013. Insly delivers a scalable solution for C-Suite employees and underwriters looking to launch and distribute new products. Additional services like accounting, reporting, and claims management tools further enhance the platform&#8217;s capabilities for streamlining and optimising insurance selling and admin processes. Find out more at insly.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insly, the low\/no-code insurance software platform, has acquired the insurance arm of TubaPay, an application enabling insurance agents to process premium payments via credit card and online. Tubapay is owned by Bacca, a Polish payments and financial services company.\u00a0 The deal expands Insly\u2019s service offering and forms part of the company\u2019s strategic plan to provide [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":17176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-17171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ens-product"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Insly acquires insurance arm of TubaPay, the payments company | Insly<\/title>\n<meta name=\"description\" content=\"Insly has acquired the insurance arm of TubaPay, enabling insurance agents to process premium payments via credit card and online.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insly.com\/en\/blog\/insly-acquires-insurance-arm-of-tubapay-the-payments-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insly acquires insurance arm of TubaPay, the payments company | Insly\" \/>\n<meta property=\"og:description\" content=\"Insly has acquired the insurance arm of TubaPay, enabling insurance agents to process premium payments via credit card and online.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insly.com\/en\/blog\/insly-acquires-insurance-arm-of-tubapay-the-payments-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Insly - Design &amp; 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