Insurtech Instanda has appointed insurance industry veteran Steven Haasz to spearhead its expansion plans following the raising of £15m in March this year.

Haasz, who will be partnerships and European accounts director, and chief of staff at Instanda, was most recently global chief operating officer of Axa Corporate Solutions and previously held senior roles at both Equitas and Lloyd’s.

Haasz commented: “Being able to bring insurance products to market quickly and seamlessly whilst maintaining operational efficiencies has never been more important, particularly in light of the COVID-19 pandemic. Yet the insurance industry is notoriously bogged down by monolithic legacy systems which stand in the way of achieving speed or agility when delivering the products that consumers really need.”

Tim Hardcastle, Instanda founder and CEO, added: “The Covid-19 pandemic has shone a light on just how imperative it is for the global insurance industry to digitise. As we emerge from this crisis, and consumer demands are changed forever as a result, insurers all around the world must be able to adapt accordingly and have business models in place that enable efficiency, agility and adaptability. Bypassing outdated legacy systems through the use of technology is the only way to achieve this. “

Instanda raised £15m in March this year under plans to expand its international footprint, expand its partner network and develop its customer and policy management platform.

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