UK-based insurtech AkinovA announced on Thursday it is teaming up with OpenFin to adopt OpenFin’s services for the deployment of its trading platform for the risk transfer value chain. According to AkinovA, the integration will allow users to access the AkinovA marketplace with an interface that looks and feels like a native app experience while enabling instant deployment and upgrades.
“AkinovA plans to grow the overall size of the re/insurance market by enabling new participants to enter and existing participants to transact more business and to create an effective secondary market for the re-trading of re/insurance risks bringing together third-party news, data and analytics from its users and partners. The integration with OpenFin will enhance deployability and serve as a pathway to scaling the AkinovA offering.”
While sharing more details about the collaboration, AkinovA CTO, Dr. Marcus Marr, stated:
“As an independent marketplace, our goal at AkinovA is to create a single, powerful, regulated trading and clearing platform that provides a seamless experience for the re/insurance industry. Now, thanks to OpenFin we are proud to offer our users easy access to our secure, scalable, and standardized marketplace with a modern and beautiful end-user experience.”
OpenFin CEO, Europe, Adam Toms, went on to add:
“This development is paramount to what is about to be an incredible overhaul in the insurance and risk trading space. AkinovA is the first insurtech company running on OpenFin and we’re looking forward to enabling even more insurance companies and vendors to modernize their technology across the space.”