Financial technology firm Certua has announced the launch of its Enterprise Insurance platform, which will allow companies to access its full service platform via API.
Certua’s offering allows companies to get new insurance products to market quicker and enables insurers and reinsurers to access new digital markets by removing technological barriers to entry.
Sherpa, an InsurTech company focused on personal risk management, will be the first distribution partner to leverage Certua’s Enterprise Insurance platform, in a collaboration with reinsurer Gen Re and manufacturer Scottish Friendly.
The Enterprise Insurance platform provides rates, recommendations, underwriting and claims rule-sets, along with compliant documentation and digital payment methods, as part of an end-to-end solution that efficiently links clients, distributors and underwriters, Certua explained.
By configuring and vending products via Enterprise API, distribution partners can easily integrate new insurance propositions into their own existing user journey.
“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,” said Tom Williams, Chief Executive Officer (CEO) at Certua.
“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,” he added.
Chris Kaye, CEO at Sherpa, also commented on the launch: “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.”