This collaboration aims to transform the insurance industry by enabling insurers worldwide to rapidly launch new products, automate claims processes, and enhance customer satisfaction through no-code technology and advanced AI.
By combining their expertise, Qantev and INSTANDA will provide health and life insurers with an end-to-end solution that integrates flexible policy administration with advanced claims optimisation. This partnership will allow insurers to quickly launch new products, expand market reach, and increase sales through flexible distribution. Additionally, it will automate key operational processes across new business, communication, reporting, and the entire post-sales insurance lifecycle. Leveraging AI and machine learning, insurers will be able to streamline claims processes, including data acquisition, policy and coverage verification, medical coding consistency checks, and adjudication.
The partnership also enhances claims data accuracy and quality through specialised OCR, data extraction, cleaning, and enrichment, offering valuable insights and analytics. Furthermore, insurers will benefit from robust fraud, waste, and abuse detection, as well as network performance optimisation, ultimately reducing claims leakage and improving overall efficiency.
Tarik Dadi, CEO & Founder of Qantev, emphasised the urgency for insurers to modernize amid mounting industry pressures. “A perfect storm of increased costs, medical inflation, post-COVID backlogs, chronic diseases, an aging population, and increased demand means healthcare insurers can no longer keep up with paperwork, jeopardising their profit margins. By combining our Claims AI expertise with INSTANDA’s no-code core insurance platform, we are setting a new standard for what is possible in reducing claims leakage, improving insurers’ loss ratios, and elevating customer experience. This partnership is a step forward in our mission to enhance the performance of health and life insurers around the globe using cutting-edge AI.”
Will Wood, Director of Life and Health Insurance at INSTANDA, echoed the sentiment, highlighting the transformative potential of the partnership. “INSTANDA is delighted to partner with Qantev. The life and health insurance industry is overdue for a technological revamp. Our combined technologies will empower insurers to grow revenue, streamline operations, reduce costs, and deliver exceptional customer experiences.”
With this partnership, Qantev and INSTANDA aim to reshape the future of life and health insurance by equipping insurers with smarter, more efficient solutions that drive innovation and enhance operational performance.
Join Instanda at Insurtech Insights Europe 2025 in London
Join the Instanda team at Insurtech Insights Europe 2025 on March 19th to 20th at Intercontinental London – The O2. Instanda has been confirmed as a sponsor for the Europe event, which will bring together over 6000 insurance leaders, entrepreneurs, investors and policymakers from 50+ countries, with 71% of attendees expected to be decision-makers.
For more information, visit here:https: ITI Europe 2025