Policy administration and distribution platform Instanda has been crowned service provider of the year at the Managing General Agents’ Association awards in London.

The business is also marking a decade of growth with the launch of new branding under the ethos “build the future you and your customers want”.

Chief revenue officer Derek Hill says the new logo and colour scheme is “signalling to insurers globally that we’re rapidly approaching an inflection point”.

He says the “gap will widen dramatically between the ambitious, agile insurers and underwriting agencies versus those operating on legacy systems struggling to meet modern demands”.

Instanda says its platform also offers product configuration and billing, and enables insurers to adapt quickly to client expectations, regulatory pressures and market demands.

CEO Tim Hardcastle says the new branding “symbolises our position as a committed global partner, empowering insurers and underwriting agencies to rise to the challenges of a rapidly changing industry and deliver exceptional value to their customers”.