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HARTFORD, Conn., May 09, 2019 (GLOBE NEWSWIRE) -- Instanda, provider of a cloud-based, digital ecosystem for property and casualty (P&C) insurance, is pleased to announce industry software veteran Euan King has joined the company’s management team as Executive Vice President of Business Development.
King’s entire career has focused on building world-class companies, with nearly 40 years of experience in technology and software supporting the P&C insurance industry in the U.S., Canada, the U.K., continental Europe, and South Africa. His extensive leadership experience for global organizations spans executive and operations management, business development, sales, marketing, and professional services. His most recent success came as a member of the global leadership team and president of 1insurer, where he was the company’s COO prior to being promoted to president.
“The way insurance companies evaluate, purchase, implement, and utilize technology has changed,” said Tim Hardcastle, Instanda CEO. “Euan’s deeply engaged in the InsurTech movement and knows the needs of today’s modern insurers. He’s an asset to launching our U.S. business.”
Before joining 1insurer (formerly Innovation Group), King was SVP and general manager at Huon Corporation in North America, which he joined after leaving leadership positions with IBM first in the U.K. and then in the U.S. He is a graduate of the University of the Witwatersrand in Johannesburg where he earned a B.A. in English, History, and Economic History.
"The energy in the insurance marketplace is so positive,” said King. “I love having the opportunity to help insurers move beyond the traditional thoughts and processes around legacy technology. Instanda creates a world of opportunity for risk providers, removing complexity, and decoding the process of increasing revenue.”
Instanda offers an entirely configurable, no code solution that can be customized easily according to market and organizational needs. Instanda’s dynamic integration framework is designed to work within any existing IT infrastructure and is scalable and secure with cloud deployment options in any geography for any product line and eases regulatory compliance efforts at the same time. Instanda offers the ability to ingest product portfolios, build complex underwriting and workflows, and deliver customer experience and consumer (agent or self-service) propositions.
INSTANDA’s cloud-based, insurance ecosystem for the U.S. P&C industry includes a configurable, integrated environment for product design, rating, policy administration, digital payments, analytics, and services, which can be rapidly implemented or upgraded using agile methodologies to deliver the capabilities and results P&C insurers need to compete in a digital-first world. Learn more at https://instanda.com/.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9db97c6b-4474-4f94-acfc-57133c8fa1a9
St. Nick Media Services