Genasys Technologies and F2X Group announce new partnership

F2X Group Ltd, a leading UK business technology consultancy and developers of the Instanda online insurance sales platform, and fast-growing software and services company Genasys Technologies PTY Ltd, leading independent insurance platform vendor in South Africa and developers of the SKi® fully featured insurance management platform, today announced the formation of a new partnership to launch a brand new, fully managed solution for end-to-end insurance sales, policy management and reporting.

By bringing together and integrating their flagship products Instanda and SKi®, the F2X-Genasys partnership will provide a scalable, unprecedentedly agile platform for insurance product design and sales, underpinned by the functional richness and intuitive design of the SKi® policy management system.

Instanda® is a simple, quick and cost effective software package that enables users to design, test and launch insurance products online without placing a heavy burden in IT. Conceived as a means of cutting the cost and workload associated with getting a new product to market, Instanda provides complete control over every aspect of insurance policy creation, billing and selling. It allows businesses to prototype a product, define its ratings and business rules, build it quickly and make changes easily as often as needed with minimal upfront risk and cost.

Genasys SKi® (Software Key to insurance) is a fully featured, enterprise level, insurance management platform that is both stable and highly scalable. Designed to provide a platform for multi-currency, multi-branch insurers, the platform supports all aspects of insurance including underwriting, rating engines, claims management, service provider management, premium management and reinsurance.

Highly effective products in their own right, Instanda and SKi® combined will offer a still more powerful proposition that supports an insurance product from conception and design through online launch to maturity in the market.

Tim Hardcastle, Managing Partner at F2X, said, "We are delighted at the opportunity to be able to work with Genasys to offer the market a really compelling proposition that will support growth and innovation in the insurance sector. We look forward to becoming the first port of call for both larger and start up insurers and brokers.”

Deciding to expand their footprint in the UK and Euro centric insurance markets. Steve Symes, Genasys CEO said "Having worked with Tim Hardcastle on previous occasions made the decision to partner with F2X an easy one. We believe in the synergies and common purpose of the two companies as well as the complimentary products and services that each of the parties can bring to the table. The automated integration between SKi® and Instanda makes straight through processing a no brainer. This partnership will bring a unique solution as well as a well formed partnership to the Insurance industry.”