Haven Technologies Makes SaaS Model Available to Insurance Carriers
Haven Technologies is an advanced insurtech platform for the life, fixed annuities and disability industries. Backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual), the newly launched Haven Technologies will leverage a SaaS model to make their solutions available to carriers.
The modern, cloud-native platform is built around four main parts: new business, underwriting, policy administration and actuarial. Taken together, the platform offers an advanced solution and enables faster set-ups, easier integrations, enhanced visibility and customisation for insurance carriers. While Haven Technologies has the ability to support the life, fixed annuities and disability industries, potential early client partners include property and casualty insurers with life books, mid-size life carriers, and private equity and others who have acquired large blocks of closed business.