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3i Infotech
Technology company 3i Infotech has partnered with InsureMO, which operates the Insurance Middleware Platform.
According to the company’s statement, The partnership will enable 3i Infotech to expand its services offering with implementation capabilities for the InsureMO platform, which will modernize and transform the insurance providers’ offerings.
The InsureMO platform serves as a digital insurance middle office platform for a plethora of entities, including insurers, brokers, agents, channels, insurtech, and startups.
The company said that collaboration will speed up the transformative journey by combining the strengths of both companies. As a result, customers can expect lower operational costs in underwriting, faster launches of insurance products, and a more efficient DevOps cycle for developing microservices and web applications.
Rishi Agrawal, CTO of 3i Infotech, said, “As 3i Infotech embarks on a promising phase of growth, finding partners who resonate with our vision is paramount. With InsureMO, we believe we have found the ideal collaborator. Leveraging their advanced platform and our expertise, our goal is to introduce a pioneering and transformative digital PaaS solution tailored for enterprises.”
Anubhav Sharma, Global head of Alliances at InsureMO, said, “The digital transformation wave is altering business paradigms and customer interaction models. The BFSI sector, especially insurance, is amidst rapid evolution. We aim to spearhead this transformation partnering with 3i Infotech—a legacy bearer with decades of service to renowned clients globally making this endeavor even more promising.”
The collaboration will support InsureMO's goal to simplify insurance and will help the insurance industry to adapt more effectively to evolving customer needs, changing regulations, and innovative business models.
The company also provides a wide range of powerful tools and software that streamline business processes and transformations, leading to quicker product launches, happier customers, and improved business success, the company added.
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