Newgen and InsureMO have formed a transformative partnership, merging Newgen’s specialized underwriting and policy administration solutions with InsureMO’s cutting-edge insurance platform. The integration promises end-to-end automation, from application to issuance, with AI-led underwriting on NewgenONE low-code platform.
InsureMO, processing over $25 billion in Gross Written Premium (GWP) annually for 300+ carriers across 40+ countries, offers a comprehensive suite of pre-built products and APIs. InsureMO’s capabilities enable rapid product creation and seamless connectivity to major placement platforms like PSC, Ebix, Steadfast and the London market, expanding market reach. This alliance aims to provide speed and flexibility, empowering clients to introduce new products swiftly and adapt to market changes seamlessly.
“We are thrilled to unveil this strategic partnership with InsureMO,” declared Rajvinder Singh Kohli, Senior VP and Head of Global GSI at Newgen. “This collaboration is a giant leap toward revolutionizing the insurance sector. Together, we leverage the transformative potential of low-code technology to fuel innovation and set unprecedented industry benchmarks.”
Rajat Sharma, Chief Revenue Officer of InsureMO, echoed the excitement, stating, “This partnership signifies a profound shift in redefining the insurance landscape. It empowers us to deliver unmatched value to our clients, facilitating a simplified and expedited digital journey without risky core PAS replacements.”
This dynamic partnership between Newgen and InsureMO signifies a powerful fusion of expertise and innovation, poised to redefine the future of the insurance industry. Stay tuned for a new era of efficiency, agility, and unparalleled digital transformation.
