Insurtech INSTANDA appoints new Chief of Staff to lead European expansion
London, 21 May 2020 – INSTANDA, the leading customer and policy management platform for the insurance industry, has today announced the appointment of Steven Haasz as Partnerships and European Accounts Director to lead the business’ global expansion following its recent $19.5m Series A funding round.
Steven will be taking on a hybrid role within the business; externally he will be responsible for driving forward INSTANDA’s expansion into Europe, focusing on Partnerships and Accounts on the continent; and internally he will take on the role of Chief of Staff, working with the Senior Management Team on a broad range of topics including further sharpening the INSTANDA offering to the life, GI and London markets.
He brings with him thirty years of broad financial services experience to INSTANDA, including London Market experience with Equitas, London Market Reform consultancy and 5 years at the Corporation of Lloyds. Most recently Steven was Global COO for AXA Corporate Solutions based in Paris.
The announcement follows on from INSTANDA’s $19.5m Series A fundraising round in March to support the firm’s international expansion in the United States, Europe, Asia and Latin America following several years of triple digit growth. Earlier this month, INSTANDA announced the appointment of Greg Murphy formerly a Technology Executive at W. R. Berkley to Executive Vice President, North America, to lead the INSTANDA North American Expansion.
Steven Haasz, INSTANDA Partnerships and European Accounts Director and Chief of Staff, commented: “Being able to bring insurance products to market quickly and seamlessly whilst maintaining operational efficiencies has never been more important, particularly in light of the Covid-19 pandemic. Yet the insurance industry is notoriously bogged down by monolithic legacy systems which stand in the way of achieving speed or agility when delivering the products that consumers really need.
“INSTNDA provides a tangible solution to this challenge, working with insurers around the world to deliver products to market in a matter of weeks, as opposed to months. I am excited to join such a forward-thinking business and drive forward its global expansion into Europe.”
Tim Hardcastle, INSTANDA founder and CEO, commented: “We are delighted to bring Steven on board to drive our expansion into Europe. His background and wealth of expertise will bring invaluable insight to INSTANDA and our clients, as we continue to expand our global footprint and work with our partners to transform the industry forever.
“The Covid-19 pandemic has shone a light on just how imperative it is for the global insurance industry to digitise. As we emerge from this crisis, and consumer demands are changed forever as a result, insurers all around the world must be able to adapt accordingly and have business models in place that enable efficiency, agility and adaptability. Bypassing outdated legacy systems through the use of technology is the only way to achieve this. “