API First: how Pottencial Seguradora boosted its competitiveness with SQUADRA and Sensedia

Pottencial Seguradora – Insure Tech

Client

Pottencial Seguradora has technology, people, and customer focus as its main allies in developing its solutions, making insurance procurement increasingly simple and agile.

Founded in 2010 in Belo Horizonte, Pottencial has been the national leader in Surety Insurance since 2018 and the vice-leader in Lease Guarantee since 2018. In addition to these products, Pottencial also offers solutions in Surety, Real Estate, Residential, Business, Machinery and Equipment, Engineering Risks, Named Risks.

API First: how Pottencial Seguradora boosted its competitiveness with SQUADRA and Sensedia

Pottencial Seguradora, a leading insurtech in Brazil, recognized the need for modernization to maintain its competitiveness in the insurance market.

Facing challenges with legacy systems and complex integrations, they chose to adopt an API First approach, in partnership with SQUADRA and Sensedia.

This resulted in the creation of a Developer Portal to facilitate integrations with partners, API standardization, and an orchestrator for integrations.

As a result, they achieved greater operational efficiency, cost reduction, and an enhanced experience for customers and partners.

Modernization also allowed Pottencial to seize new business opportunities and expand its strategic partnerships.

Results include a significant reduction in policy issuance time, increased flexibility for development teams, and a substantial increase in the number of partners connected to the platform.

With support from SQUADRA and Sensedia, Pottencial is poised to continue innovating and improving its processes and products, ensuring its leadership position in the insurance market.

See the full case here.