On Becoming a Pure-Play Software Technology Provider for Insurers (w/Shameem Shah, CTO InsurIQ)

Shameem Shah is Chief Technology Officer at InsurIQ, providing the insurance industry with specialized resources and SaaS products design to create speed and efficiency throughout the policy life cycle. 

Shameem tells the story of how InsurIQ came to be, pivoting from business process outsourcing and inventing code to becoming a pure-play software tech provider. Over time the team added submission-to-quote-and-bind processes including policy administration, digital store for direct-to-consumer, agency onboarding, license management, appointments and policy terminations.

InsurIQ now assists insurance providers, managers, and distributors in achieving their digital transformation objectives in both B2B and D2C businesses, converting legacy applications (eg. excel) into containerized micro-services and migrating applications to scalable cloud environments.

In the episode, Shameem talks about recent implementations of A&H Policy Administration Systems using InsurIQ's flagship PAS application for some of the leading carriers in North America. As a result of these initiatives, he describes how carriers were able to receive submissions, rate, quote, bind, and issue state-compliant fulfillment documents in a significantly reduced time frame.  

Shameem spent the past 18 years working closely with underwriting, operations, and financial teams with a variety of insurance related constituents leading technology strategy from within MGU and TPA organizations prior to co-founding and launching InsurIQ as an insurtech partner on which its clients depend.

Follow the Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.