Insillion, a provider of insurance technology for carriers and MGAs, has announced a strategic partnership with Profinch, a global BFSI technology leader and Oracle Insurance Policy Administration (OIPA) implementation partner.

Together, they will deliver a solution that combines Insillion's insurance platform with Oracle's policy administration capabilities. This is orchestrated through Profinch's OIPA implementation and integration capabilities, enabling core modernization and AI-powered functionality for insurers. 

Insillion, used globally by more than 45 carriers and MGAs, is recognized for its product builder, distribution APIs, AI-powered workflows, and middleware for rapid product launches. Oracle provides a comprehensive, rules-based policy administration system that supports the full policy lifecycle. Profinch brings deep domain expertise in implementing OIPA globally with its presence in over 60 countries. Its implementation approach enables seamless integration with existing systems while helping carriers reduce TCO.

This partnership solves a key challenge for insurers: managing multiple systems, integrations, and vendors. It helps greenfield and existing carriers modernize legacy platforms, accelerate product launches, and add AI-driven capabilities without replacing their current infrastructure.

"Carriers need to innovate without disrupting their core operations. This partnership makes that possible," said Mahavir, co-founder of Insillion. "By connecting Insillion's APIs and AI features with OIPA through Profinch's implementation, we give carriers a faster way to launch insurance products."

"Our clients want the reliability of Oracle's policy administration combined with robust, front-end capabilities," said Arun Mallavarapu, Insurance Practice Head at Profinch. "By combining Insillion's API-led capabilities with OIPA and Profinch's accelerator-led implementation, we enable insurers to innovate while maintaining core system stability."