Raleigh, North Carolina, US – February 2, 2021 – Enterprise Ireland client company CodeEast, is a team of dedicated and experienced insurance software system architects who specialize in creating best-of-breed digital insurance platforms for the sales and distribution of Insurance Products. Based in Dublin, Ireland, CodeEast works with insurance companies in Ireland, the U.K., and now in the United States.
The Synchrono Group Inc., an Insuretech Managing Underwriter specializing in Property/Casualty and Workers Compensation for the gig economy and small commercial insurance risks, has partnered with CodeEast and will use their Digital Platform for the administration of Commercial Property/Casualty insurance products across the U.S.
“We are excited to sign a five-year partnership with SynchronoSure,” said Aidan Brogan, CCO of CodeEast. “The selection of our ONEview system is a strong validation of the flexibility and agility of our cloud-native platform. With its inherent capabilities for Producer Management, Environment Control, Data Use, and the ability to support regulatory regimes in all states for commercial insurance, we think ONEview creates sustainable advantages for our customers. The digital transformation of the insurance industry is starting to gain momentum and will accelerate at pace. I look forward to growing our business in the USA.”
This was the first product in this environment for Synchrono, and they went live with the CodeEast ONEview platform in less than three months. The system has the state-of-the-art capabilities required to seamlessly integrate through REST API’s with Sybchrono’s proprietary technology stack, including the user interface, underwriting algorithms, and API data engine predictive tools. These integrations allow Synchrono to offer a market-leading response time that effectively positions them with the capability to underwrite, quote, bind, and issue policies in a matter of minutes rather than the hours and days common to most of their competitors.
“As an Insuretech Managing Underwriter which leverages data and technology to deliver custom insurance products, we need systems that are fast, flexible, and capable of integrating seamlessly around micro-services,” said Steve Hartman, Chairman and CEO of Synchrono Group. “Getting the right tech partner and software platform in place for our products is a key element of this plan. We chose CodeEast’s ONEview Digital Insurance Platform because it provides
us with the flexibility, the self-service facilities for Policyholders, Agents and Brokers, the delivery speed and the automation capability we require to deliver our strategy.”
To help secure new partnerships and expansion into the U.S., CodeEast works with Enterprise Ireland, Ireland’s trade and innovation agency. Enterprise Ireland partners with Irish enterprise companies to help them start, grow, and win export sales in global markets.
“CodeEast is helping transform the insurance industry into the digital world,” said Stephen Mulhern, Senior Vice President of FinTech & Financial Services, Enterprise Ireland. “We’re very proud to support them as they bring their solutions to the United States. It was a privilege to work with both CodeEast and the Synchrono Group in helping facilitate this partnership.”
ONEview is a Digital Insurance Platform for the SMART Automation of the sales, distribution, and processing of insurance products and services in insurance companies. ONEview provides a state-of-the-art solution for the automation of an existing business environment or the implementation of new, innovative, digital insurance business models without putting the existing business at risk.
“Time is money for us and our Agents, Brokers, and small business customers. The ability to get the insurance underwritten and issued in a matter of minutes frees up, for all of our stakeholders, additional time to focus on revenue creation for their businesses,” added Hartman. “The Digital Capabilities embedded in the ONEview platform enable this transformation and, increasingly, these Digital Capabilities are becoming the new normal. The ONEview system Digital Capability enables both a fast customer experience and full scalable digital integration for both admitted and non-admitted insurance.”