Insurnode provides a cloud‑native SaaS platform that enables insurers, MGAs and brokers to design, issue and manage on‑demand, embedded and event‑triggered insurance products. Its API‑first product factory and blockchain smart contracts automate policy administration, billing and claims while meeting compliance and data‑security standards. The solution streamlines workflows and reduces time‑to‑market for gig‑economy coverage.
Funding
Funding not disclosed
Founders
Product
Problem
Insurance carriers and brokers face lengthy product development cycles and rigid legacy systems that cannot keep pace with gig‑economy demands for on‑demand, embedded, and event‑triggered coverage. Manual policy administration and fragmented workflows increase operational costs and expose transactions to errors or fraud.
Solution
Insurnode delivers a cloud‑native SaaS platform that streamlines the entire insurance product lifecycle—from cover design to policy issuance and billing—for carriers, underwriters, and brokers. The platform provides a configurable product factory and API‑first architecture that enable rapid launch of on‑demand and embedded policies. Blockchain‑based smart contracts create tamper‑proof, event‑driven agreements that automatically verify, transfer, and track asset ownership, enhancing transparency for all participants. Integrated workflow tools improve communication between carriers, MGAs, and brokers, reducing manual hand‑offs and accelerating go‑to‑market timelines. The solution complies with industry regulations and GDPR, offering a secure, scalable environment for modern insurance ecosystems.
Target Audience
The primary customers are insurance carriers, managing general agents (MGAs), and brokerage firms that need to create and manage gig‑economy insurance products quickly and securely.
Features
- Configurable product factory for designing on‑demand, embedded, and event‑based insurance covers
- End‑to‑end policy administration workflow covering issuance, invoicing (direct and term billing), and claims handling
- API‑driven integration layer that connects carriers, MGAs, brokers, and third‑party services with minimal code
- Blockchain smart contracts that provide immutable, event‑triggered policy terms and asset ownership tracking
- Role‑based access controls and audit trails meeting insurance compliance and GDPR data‑security standards
- Scalable cloud infrastructure that auto‑adjusts resources to match peak underwriting or policy‑servicing loads
- Multi‑party collaboration hub that synchronizes communications and approvals across carriers, brokers, and partners