Insta Insurance: "It took 3 days to get from an idea to a working prototype!"
An insurtech startup Insta
Insta is a startup dealing with insurance wholesaling, risk selection and innovative insurance product development. The buying habits of the Y and Z generations are becoming more and more mobile-centric and we believe that the insurance services of the future will be 100% digital.
"We decided to launch our products on the Insly platform because they have a well experienced team and share our mindset that insurance does not have to be complicated. Our first project with them was an automated quote and bind solution for motor insurance. The platform they have provided enables us to complete our whole process digitally – everything from quoting to claim management. The automation enables us to manage large policy volumes with a comparatively small human resource." says Tõnis Vilu, CEO of Insta.
Mobile technology as an advantage
We have always liked the idea of using mobile technology to gain an advantage over our competitors and spent quite a lot time trying to figure out the best way to do that and at the same time make life easier for our clients and our brokers. That is when we came up with the idea of "photo insurance" What's that? - All you have to do is take a picture of your car, upload that into the Insta application and we will compose a motor insurance quote for you. No typing required!
We introduced our idea to the Insly team and it took them 3 days to get from an idea to a working prototype! See the prototype here: LINK SIIA
There is an old saying that a picture says more than a thousand words. We believe that saying also applies to insurance and together with Insly we will bring to market a photo based risk assessment module that will make insurance policy issuance as easy as a phone call or uploading a picture to Instagram."