Charles Taylor InsureTech (CTI), the global provider of technology solutions for the insurance market, has announced its partnership with ReSpark, a company specialized in automated management of quotes, rates, and diverse regulatory requirements including taxes, to facilitate business operations worldwide.
This partnership will integrate ReSpark’s portfolio of Policy Administration Solutions into CTI’s software products and SaaS capabilities that will help speed up acquiring policy administration systems.
ReSpark will offer its service portfolio through InHub, the cloud-based SaaS hub and integration framework that delivers a unique connected experience. It also integrates a suite of best-in-class insurance SaaS capabilities into a secure, cloud-native ecosystem, and it is configurable, flexible, and extendable; giving the opportunity to choose as many as needed.
Romina de Gisi, PMO, Change & Release Manager for Charles Taylor InsureTech commented, “The addition of ReSpark as a strategic partner in our marketplace is a significant step towards delivering the best support at the forefront of market needs. Through new technological partners like ReSpark, we strengthen our position as the leading ally in the digitalization processes of the insurance sector.”
ReSpark stands out for delivering software solutions for the entire life cycle of policy administration. This customizable software allows for managing specialized products and provides the necessary tools to implement large-scale transfers through the integration of existing ecosystems.
Jamal Sabky, Co-founder of ReSpark said, “ReSpark emerged from a startup ecosystem, and our initial clients were startups. While we always enjoy supporting early-stage companies and seeing them succeed, we also want to bring our product and experience to medium and large insurance companies looking to keep pace with a digitalized insurance landscape. CTI is a trusted partner in that space.”
Within InHub, ReSpark will implement its Policy Administration System (PAS), which generates transparency and profitability more rapidly. ReSpark aims to establish a long-lasting relationship as a permanent ally in providing administration solutions from CTI’s hub.
ReSpark’s policy administration system aims for simplicity. Instead of adding unnecessary features, the company focuses on maintaining a product that tracks and presents policy data meaningfully. Through this partnership, both companies hope to continue contributing jointly to the development of innovative offerings for the insurance sector.