Instnt Expands Certification in Northeast Market

Identity Fraud Loss Insurance Provider Adds Multiple States to List of Compliance Certifications

Instnt, the world’s first identity fraud insurance solution, announced today that it has expanded its certifications to operate across multiple states in the Northeast U.S. The states included in this region are New Jersey, Pennsylvania and Ohio, in addition to New York, which the company obtained earlier this year.

Instnt has secured the necessary state certifications, granting regulatory approval to legally market and conduct insurance-related business across these states. Achieving this milestone required rigorous reviews by state insurance regulators to confirm that the company meets all legal and operational standards. While these certifications do not directly change the customer experience, they are essential for compliance, ensuring Instnt operates within each state’s legal framework and underscoring its commitment to responsible growth. This achievement, following the company’s launch in March, marks another step forward in its expansion and ability to offer products nationwide.

“Our ongoing and expanding certification across the U.S. signifies an exciting change for businesses that experience identity fraud, which is almost all of them," said Sunil Madhu, Founder and CEO of Instnt. “In 2023, global fraud cost $485.6B. Historically, this fraud loss was uninsurable. Now, with Instnt, more businesses can eliminate the cost of fraud from their balance sheets, shifting the burden to the insurance industry. As we bring our identity fraud insurance solution to more markets, we remain dedicated to maintaining the highest regulatory standards in every jurisdiction.”

Instnt is pioneering a first-of-its-kind identity fraud loss insurance solution that allows businesses and financial institutions to fully transfer fraud liability off their balance sheets. By integrating AI-powered fraud risk assessment with AM Best A rated, insurance-backed protection, Instnt shifts financial liability for fraud away from businesses, freeing up risk capital reserves. Instnt works alongside existing fraud detection tools for fast deployment and immediate coverage, with automated claims processing that ensures loss claims are reimbursed in under 30 days.

Learn More About Identity Fraud Insurance

Identity fraud Insurance is now available to businesses seeking to transform their approach to fraud risk management. Visit https://instnt.ai or contact us at hello@instnt.ai to learn more or request a personalized quote.

About Instnt

Instnt is a venture-backed insurance technology business headquartered in New York. Instnt's AI mitigates fraud risks for businesses and transfers residual losses to the insurance market through a unique partnership with global A-rated insurers, saving businesses millions in operational and treasury costs. Instnt was founded by its CEO, Sunil Madhu, serial entrepreneur, founder and former CEO of $5B fraud identity leader Socure. For more information, visit https://instnt.ai.

Surplus lines coverage is underwritten by a non-admitted insurer and is available only through a properly licensed surplus lines broker. This insurance is neither licensed by nor subject to the supervision or guaranty fund of any state department of insurance.

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Now, with Instnt, more businesses can eliminate the cost of fraud from their balance sheets, shifting the burden to the insurance industry.