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Castel Partners With Insurtech INSTANDA to Help Its Broker Partners | Fintech Finance

July 1 2021

Castel Partners With Insurtech INSTANDA to Help Its Broker Partners

The Square Pegs Portal is an electronic trading platform tailor-made for Castel’s broker partners, focusing on clients who are typically underserved. It provides a secure and easy-to-use environment to transact a broad range of insurance covers for a hugely diverse spectrum of clients. It is also flexible, allowing brokers to place new business and to amend or renew existing policies.

With INSTANDA’s expertise, Square Pegs launched their first product in 2019. Their new offering ‘Square Pegs Full Business’, however, provides additional insurance coverage which creates further revenue opportunities. It allows Square Pegs’ brokers to more easily source quotes whilst with their clients. All of this can happen in real time, which is a significant cost and time saving for all parties in the chain.

As with any start-up, time to market and costs are a big factor and INSTANDA has allowed Castel Square Pegs to build and launch a digital insurance product quicker and at lower cost than other traditional approaches.

 

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  1. Laka Acquires VeloLife’s Bike Insurance Business, Marking Its Fourth Acquisition as M&A Strategy Accelerates

    Insurtech

     Read more
  2. Verisk Brings Its Trusted Analytics and Generative AI Capabilities Directly into Anthropic’s Claude

    Insurtech

     Read more
  3. Soter Insure Receives Full License Approval from the Dubai Financial Services Authority

    Insurtech

     Read more
  4. Wakam UK Highlights Evolving Market Dynamics as MGAs Prepare for the Next Wave of Growth

    Insurtech

     Read more
  5. OCTO and Sedgwick Announce Strategic Telematics Partnership

    Insurtech

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