Capital Insurance Group (CIG), a prominent player in the insurance landscape of Papua New Guinea, has announced a partnership with global InsurTech firm Instanda. This collaboration aims to enhance insurance delivery across five Pacific Island markets, marking a notable step in the modernization of insurance services in the region.
The partnership is centered around utilizing Instanda’s technology to streamline and improve the way insurance products are offered. By integrating digital solutions, CIG aims to provide a more efficient service to its customers while expanding its reach across the Pacific islands. This includes automating various processes, which is expected to lead to faster response times and more tailored insurance offerings.
CIG has established itself as a significant insurer in Papua New Guinea, recognized for its commitment to delivering quality and accessible insurance products. Instanda, known for its innovative technology solutions, specializes in changing how insurance products are created and delivered. Their collaboration signifies a convergence of local insurance expertise and cutting-edge technology.
This partnership has the potential to significantly impact the insurance market in the Pacific Islands. By simplifying insurance transactions, it could attract more customers who previously found traditional processes cumbersome. Additionally, the technological advancement might help CIG remain competitive in an evolving insurance landscape.
Overall, this collaboration between CIG and Instanda appears focused on enhancing service delivery and customer experience in the Pacific Islands. While the full impact of this partnership remains to be seen, it's a proactive stride towards modernizing insurance practices in the region.
Original Source: https://fintech.global/2025/09/08/instanda-powers-capital-insurance-groups-pacific-expansion/