Certua has launched a platform which should help insurers bring new products to market quickly.
The Enterprise Insurance platform, which companies can use via API, provides rates, recommendations, underwriting and claims rule-sets, along with compliant documentation and digital payment methods, as part of a solution which links clients, distributors and underwriters.
Chris Kaye, chief executive at Sherpa, said: “Certua has been an integral partner and an essential element in how we have managed to build a genuinely customer and data-driven solution for customers.
“We have been delighted to work with Certua in bringing our vision for Sherpa and everything it can do for people to life. Their commitment and professionalism have been pivotal in delivering this fundamental change in how insurance works for people”
Sherpa, an InsurTech company focused on personal risk management, is the first distribution partner to leverage Certua’s Enterprise Insurance platform, in a collaboration with established re-insurer Gen Re and manufacturer Scottish Friendly.
Tom Williams, chief executive at Certua, said: “Our aim is to support innovative businesses like Sherpa get to market quickly by leveraging our technical infrastructure, allowing manufacturers to access new markets, and end-customers to receive modern propositions, fundamentally in markets that are currently underserved.
“We wish Sherpa the best of luck at this exciting time in their development and look forward to working with them and continuing to innovate as a long-term partner within the SME space.”