Tim Hardcastle - Instanda - Insurtech Insights Europe 2023

Why It Matters

No‑code core platforms let insurers innovate quickly without jeopardizing brand integrity, accelerating digital transformation and revenue growth.

Key Takeaways

• Instanda offers world’s first no‑code core platform for insurers.
• No‑code tech accelerates product launch, cuts costs, boosts agility.
• CIOs struggle balancing day‑to‑day ops with innovation initiatives.
• Safe sandbox environments enable large carriers to test without brand risk.
• Instanda will publish digital insurer attributes to guide industry transformation.

Summary

Tim Hardcastle, CEO and co‑founder of Instanda, took the stage at Insurtech Insights Europe 2023 to unveil the company’s flagship offering – a no‑code digital core platform designed specifically for insurers. He positioned Instanda as the world’s first truly no‑code solution, promising unprecedented speed and agility for product development and operational transformation. The conversation highlighted several industry pain points: legacy systems hinder rapid innovation, CIOs are stretched between day‑to‑day maintenance and strategic projects, and large carriers fear brand damage from experimental launches. Instanda’s platform addresses these challenges by democratizing technology, providing a sandbox where business units can safely prototype new products before scaling them securely. Hardcastle illustrated his points with personal anecdotes, from a Porsche test‑drive that sparked his interest in high‑performance innovation to his former role as a CIO grappling with resource constraints. He also noted collaborations with consulting giants such as EY, Deloitte, and PwC, which help insurers adopt the platform while managing risk. Additionally, Instanda promised to release a framework of “digital insurer attributes” later this year, offering concrete steps for insurers to become more progressive. The broader implication is clear: no‑code platforms could become a catalyst for the insurance sector’s digital overhaul, enabling faster time‑to‑market, lower development costs, and a safer path to scale innovative offerings. Insurers that adopt such tools are likely to gain a competitive edge and unlock new revenue streams.

Original Description

At Insurtech Insights Europe 2023, we were joined in the JobsOhio lounge by Tim Hardcastle the CEO & Co-Founder of Instanda. Instanda is a digital core platform for the insurance industry and is the world’s first no-code platform.

“We formed Instanda to provide technology, and we call it democratized technology because it puts it in the hands of the companies. They’re wanting to innovate, get new products out, and reduce their costs and you can’t do that with old traditional technology. You have to give technology that people can really use and that’s why we design ours to be no code.”

“So in a way, our journey started many years ago, but I’m just thoroughly enjoying the conversations, the interest and the optimism for what the future might hold.”