Hello! The next release of the ‘Inspire Insurtech’ series where we interview inspiring insurtechs to find out who they are, what they do, what we can expect from them in the future, and more is here!
Tell us Codafication’s pitch
We are “Data Traffickers”…
Our technology is a conduit between legacy software, the cloud and data science.
We provide our clients with a secure platform with flexible abstraction layer, that can design and power enterprise eco-systems. We connect best in class applications, while providing complete lift and shift capability.
Coupled with our own highly flexible software modules (tailored for the insurance industry) our tools value-add to any distribution function, supply chain management, project management, cost containment, financial modelling or back-office digitisation.
Unity is our flagship platform; it integrates, innovates and automates.
So how did Codafication begin?
The company was spun off from a successful insurance property repair company based in Brisbane that has been operating for over 10 years.
We saw the ability to build tools to automate supply chains and the distributed work forces of the future. As we built more and more products, we realised that our modular approach to software development could add benefit to other parts of the insurance value chain, and other industries with similar challenges.
My personal journey was a project manager previously in software development, before getting into the insurance repair industry. I’ve since however come full circle back into software development having gained a deeper understanding of the insurance industry which has allowed me to create Codafication.
How has Codafication evolved since inception?
We started our journey focused on building business line applications for the insurance repair industry but realised over time that our tech-DNA defined us to be a different proposition all together. The true value proposition of our company is in our Platform as a Service which allows teams to rapidly deploy solutions across a fragmented software landscape while transacting valuable data and insights.
What is your team currently working on?
We believe we are building the next evolution of Platform as a Service technology which will support anyone from enterprise to start up. Without revealing too much, we’re super excited about the direction and strategy were undertaking and believe our tech-DNA will be a game changer for digital transformation teams or software developers around the world.
Additionally, we just finished the Stone & Chalk accelerator for Insurtech which was a great experience. We met new clients and colleagues and built some great relationships through this unique approach to trade vendor and buyer networking.
We’re preparing now for global expansion into new markets, with new channel partners which is extremely exciting.
Exciting! We can’t wait to hear more on these developments!
How does Codafication ‘give back’?
We try to support two endeavours each year, one domestically and one abroad.
Domestically its HeartKids, an organisation helping to support children and their families affected by congenital childhood heart disease. Internationally, its Umoja house in Africa supporting disadvantaged children through education and community support.
Both charities are close to me and are great endeavours that are highly focused on the people they benefit not the organisation.
We also give back by providing a diverse, culturally aware, and inclusive workplace, for people of all walks of life.
Good job! That’s a noble cause!
What is Codafication’s biggest challenge in today’s markets?
Speed, scaling and the ever-changing technological landscape.
What any tech company is building now must have relevance in years to come, and balancing that with the speed at which tech evolves is an interesting challenge.
It’s interesting as well, as more and more the dominant infrastructure providers are becoming the dictating factor in relation to innovation, and the gap is closing on unique technologies in an open-source landscape.
We cannot agree more!
What are your thoughts on our monthly topic?
I had the chance to sit on the Insurtech Australia panel recently, discussing Insurtech in the Autonomous Future topic this month. It was great to share the hot seat with interesting people with many perspectives on the subject.
My thoughts on this topic are that we’ve already seen levels of automation in our society from print press, to manufacturing machinery, to e-commerce on the internet as just a few examples.
We’ve all been comfortable with buying products online since mid-90’s, having them delivered to our door, and have experienced the automation of data with predictive marketing and service offerings with “click here” to buy functions.
The next evolution will be a more seamless process as the data is becoming more and more connected in our digital footprint. Automation has been evolving constantly before us, however I don’t think society would automate ourselves into economic oblivion or irrelevance, but more empower creative teams to solve complex problems and provide better customer experiences.
Insurtech in an autonomous future – if you provide augmentation, transact data and innovative applications to solve complexity. I think it’s a brave new world for the vendors in this space.
That’s a great thought! We love the panel from that talk!
Anything else you’d like to say?
Australia is an extremely innovative nation, especially with Insurtech vendors. I’m excited to see some of the success stories including our own unfold in the global market.
A few members from the Codafication team