Cloud Insurance’s SaaS solution gains recognition

Cloud Insurance, an all-in-one InsurTech solution for agents, insurance companies, brokers and MGAs, has been recognised as the best SaaS solution of the year at the Global Insurance and Risk Management Awards.

The Global Insurance and Risk Management Awards 2021 was organised by Wealth & Finance International.

Cloud Insurance was selected for the award, which aims to reward the continued efforts of lie and non-life insurance companies, individuals, industry experts, and the hard-working professionals who support them.

The company said the results of the award have been determined entirely on merit, not on votes or the size of an institution, this ensures a level playing field so that all candidates receive the attention they deserve.

Cloud Insurance is an SaaS solution made by insurance experts for insurers since 2016. Its all-in-one solution helps insurers reduce time on managing policies, claims, financials, and reports through APIs, AI, and rule-based technology

The criteria to win an award is based on a company’s reputation, commitment, innovation, determination, and contribution to their industry.

Cloud Insurance said, “We’re incredibly proud that our team’s hard work has been duly recognized as an industry leader in the SaaS solutions market.”

Axel Sjøstedt, CEO of Cloud Insurance, added, “I find it quite fascinating that a student from a small country in a big world could eventually end up with multiple clients across the globe. Because typically insurance players work cross borders, and they know some guys with similar digitisation problems.”

Sjøstedt told FinTech Global the story of how Cloud Insurance was founded here.

Over the past year, Cloud Insurance has formed a handful of new partnerships and is always on the lookout for more. It recently teamed up with Safely, a Stockholm-based digital insurance platform. The companies decided to work together to transform insurance in the Nordic region.

As for 2022, the company has a lot of big goals. These include increasing its customer base, expanding into more geographies and moving into new verticals. Additionally, it is looking to increase its financials by 2.5-times compared to 2022. To top it all off, Cloud Insurance is also exploring a Series A funding round.

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