PolicyDock and Stere Collaborate on Insurance-As-A-Service Platform
System Speeds Identification of Capacity for Digitally Native Products
Singapore, March 3, 2022: PolicyDock is proud to announce its collaboration with New York-based start-up Stere to provide insurance-as-a-service to Stere’s customers. Launched by Dogan Kaleli, ex-head of programs for Allianz North America, Stere is a risk capacity marketplace that provides a digital ecosystem where embedded insurance partners, MGAs, and brokers connect with capacity providers. PolicyDock’s insurance-as-a-service platform helps Stere clients instantly launch new insurance programs and products, while providing full APIs to allow for digital distribution such as embedded insurance.
“Our API-first microservices platform launches programs within a matter of hours, increasing efficiency by streamlining the process,” said PolicyDock CEO Roger Ying. “Through this partnership with Stere, clients can quickly find capacity for their new digitally native insurance products while leveraging our fully modular and customizable platform to focus on growing their business rather than deploying technology.”
Built by a team with deep expertise in insurance, fintech, and AI, PolicyDock has already been adopted by several venture-backed start-ups, well-established MGAs, brokers, and tier one insurance carriers to modernize their business processes across the insurance value chain.
“We are creating growth opportunities for businesses on both sides of the equation: the MGAs/MGUs and insurtechs as well as the technology firms who want to provide embedded insurance as part of their offering and open new revenue sources,” said Stere CEO Dogan Kaleli. “PolicyDock is an important addition to our digital ecosystem where clients have access to a platform that can be easily integrated by capacity providers, who monitor their data in real-time, while seamlessly launching new programs. We see an immense future for digitally native insurance products and creating this global platform brings us one step closer to fully democratizing insurance.”
PolicyDock provides a turnkey insurance platform-as-a-service platform for reinsurers, insurers, MGA’s and brokers that’s API first, white label, modular and fully customizable. PolicyDock’s microservices cloud-native platform are built within hours via a no-code product configurator platform that allows clients to digitize existing or new products, integrate third party data sources and the latest tech, and drastically speed up go-to-market.
Stere is a digital ecosystem for insurance programs. With Stere, program leaders source capacity and access digital tools to launch sooner and grow faster and smarter. Stere clients are “capacity seekers” such as MGAs, program administrators, and embedded insurance programs, along with their ecosystem partners such as carriers, fronting carriers, reinsurers, brokers, program consultants, and technology providers.