InsCipher's integration with INSTANDA, a policy administration platform, is revolutionizing how insurance carriers and MGAs manage surplus lines tax filings across all states and territories. This partnership simplifies compliance, enhances efficiency, and reduces administrative burdens. In a recent Q&A blog, we expanded on the following key benefits of the InsCipher x INSTANDA partnership.
Key Benefits
Turnkey Solutions: Streamlined digital policy administration and tax filing for surplus lines insurers.
Standardized Reporting and API Connections: Elimination of manual data entry through automated data reconciliation and state submissions.
Enhanced Compliance: Accurate and up-to-date tax rates across all states and territories, ensuring faster and more precise tax calculations and filings.
Future Enhancements
New solutions for completing diligent effort forms.
Exploration of AI applications to further improve efficiency and client experience.
By partnering with INSTANDA and InsCipher, insurance professionals experience efficiencies through the policy administration process so that they can focus on what matters most - growing their businesses.
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