Chicago-based Green Shield Risk Solutions announced today the introduction of its specialty homeowner’s insurance platform built with INSTANDA. Brought to market in just over 90 days, the platform enables quote, bind and management of affluent homeowners’ insurance in catastrophe-prone states.
Green Shield is addressing a gap in property insurance by leveraging vast amounts of available data to improve policyholder experiences and reduce risk and loss. Green Shield leverages hundreds of data points on property risk factors from at least eight data sources to underwrite catastrophe-exposed properties. They are highly focused on underwriting accuracy, providing more comprehensive coverage and closing the coverage gap for areas affected by weather catastrophes. Built using INSTANDA’s platform as a foundation, these solutions can be delivered digitally to policyholders and agents in real time.
Patrick Blandford, CEO and founder of Green Shield Risk Solutions, noted “Green Shield is taking a modern approach to risk, maximizing the data and technology available to protect policyholders in a new way. Being able to introduce this product in 90 days with INSTANDA is just the first of several game changers to come. The speed enabled by the platform will help us as we continue to expand into new states and introduce product lines to ultimately provide agents and policyholders with the best mix of technology, expertise and process to protect what matters most to them.”
Katy Murray, vice president of accounts at INSTANDA concurred. “We are delighted at Green Shield’s success and the speed of their product launch,” said Murray. “It was made possible through their expert, experienced team who connected and engaged immediately with our technology and quickly became adept. We look forward to our continued collaboration.”
About INSTANDA
INSTANDA offers a complete digital platform for innovative insurers, including more than 80 carriers, MGAs and brokers in Europe, North America, UK, Japan, Latin America, Africa, the Middle East and Australia. Named one of the world’s Top 50 InsurTechs for 2023 by CB Insights, INSTANDA is the insurance industry’s first no-code core insurance platform that allows innovative insurers to digitize their entire business as well as break into new markets with quick-to-market new products while simultaneously overcoming the drawbacks of legacy IT systems and driving digital transformation. For more information, please visit instanda.com/us/ and follow us @instandaF2X on Twitter and INSTANDA on LinkedIn.
About Green Shield
Green Shield Risk Solutions is pioneering strategies in catastrophe risk management through data analytics and specialty insurance programs. We are a leading specialty insurance services company that is focused on insurance products and solutions that leverage comprehensive risk insights to guide insurers, risk managers, and policyholders understand catastrophic risk exposure. Visit https://www.greenshieldrisk.com to learn more.