Newgen And InsureMO's Strategic Alliance Sets New Standards In Insurance Innovation

NOIDA, India -- In a significant move within the insurance sector, Newgen has announced a strategic partnership with InsureMO. This collaboration is set to merge Newgen's specialized solutions in underwriting and policy administration with the advanced insurance platform of InsureMO. The integration is poised to offer end-to-end automation for insurance processes, from application to issuance, powered by AI-led underwriting on the NewgenONE low-code platform.

InsureMO stands out in the insurance industry, processing over $25 billion in Gross Written Premium (GWP) annually for more than 300 carriers across over 40 countries. It provides a comprehensive suite of pre-built products and APIs, enabling rapid product creation and seamless connectivity to major placement platforms such as PSC, Ebix, Steadfast, and the London market. This capability significantly expands market reach.

The partnership between Newgen and InsureMO aims to deliver unparalleled speed and flexibility, empowering clients to swiftly introduce new products and adapt to market changes with ease. Rajvinder Singh Kohli, Senior VP and Head of Global GSI at Newgen, expressed his enthusiasm about the partnership. "We are thrilled to unveil this strategic partnership with InsureMO," he stated. "This collaboration is a significant step towards innovating the insurance sector, leveraging the potential of low-code technology to fuel innovation and establish new industry benchmarks."

Rajat Sharma, Chief Revenue Officer of InsureMO, shared similar sentiments, highlighting the transformative impact of this alliance. "This partnership signifies a profound shift in redefining the insurance landscape," Sharma remarked. "It empowers us to deliver unmatched value to our clients, facilitating a simplified and expedited digital journey without risky core PAS replacements."

This dynamic partnership heralds a new era of efficiency, agility, and digital transformation in the insurance industry, promising to redefine its future landscape.

InsureMO is a globally recognized leader in insurance infrastructure solutions. With an extensive portfolio of over 5000+ pre-built products, 2000 insurance APIs, and 1000 non-insurance services, InsureMO processes more than $25 billion in GWP annually for over 300 global carriers. Its expansive network includes 6000+ distribution channels across 40+ countries. InsureMO enables insurers, underwriting agencies, brokers, and affinity partners to undertake seamless digital transformations without disrupting their existing legacy policy administration systems.

Newgen is at the forefront of providing a unified digital transformation platform that incorporates native process automation, content services, communication management, and AI/ML capabilities. Globally recognized enterprises rely on Newgen's industry-acclaimed low-code application platform for developing and deploying complex, content-driven, and customer-engaging business applications across various industries. From onboarding to service requests and lending to underwriting, Newgen simplifies processes with speed and agility.

Contact: Swati Srivastava
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