An experienced team with a vision
Our Story
When, in 2016, a group of friends sat down to discuss how to align the digital world with the insurance world to the benefit of insurers and their customers, the answer was not to try and retrofit into legacy solutions but to start again with a completely fresh approach. The digital world had moved on too far and was accelerating too fast for most of the ageing technologies in the sector. A fresh approach was clearly needed. Out of that meeting, Iotatech was born.
From the outset, the Iotatech mission was to be disruptive by challenging the traditional technology model for insurers and related businesses. No more large capital expenditure, no more monolithic applications, no more dragged out implementations, no more not meeting the needs of the business and no more clumsy retrofitting digital solutions.
The Iotatech vision is for technology that is cloud-native (not merely putting legacy systems in the cloud), pay-per-use SaaS (not prohibiting any sized company from using modern technology), built using microservices and OpenAPI (not trying to modularise legacy solutions or limiting the integration possibilities) and delivers functionality quickly that is managed by the user community (not dependant on IT departments).
The Iotatech Platform will help reshape the world of insurance by understanding and taking advantage of the wealth of data and the technology channels through which that data is collected and provided. The architecture that underpins the Iotatech Platform is designed not just for the modern world of today, but for whatever the future may hold.
The combined strength of the Iotatech Leadership Team, the Strategic Advisory Council and our Strategic Partners, gives us the insight and access we need to be able to positively disrupt the market.
The Directors of Iotatech have a strong working relationship built up over many years and have personally chosen other colleagues to join the company who they have worked with and trust.
Together, Iotatech is a team, building on each other’s skills in a truly collaborative environment.
The Directors of Iotatech have a strong working relationship built up over many years and have personally chosen other colleagues to join the company who they have worked with and trust.
Together, Iotatech is a team, building on each other’s skills in a truly collaborative environment.
Our Customers
“The new platform is a brilliant achievement and enables us to truly offer Insurance-as-a-Service. This means we can be much more agile in meeting our customers’ evolving needs by launching new and forward-thinking products quickly and cost-effectively, whether that’s direct or through Affinity partners or Brokers.”
“Our strategic partnership with Iotatech has delivered a ground-breaking digital platform to ensure Covéa takes full advantage of emerging technologies for the benefit of our partners, customers”.
Graeme Howard, CTIO, Covéa Insurance
“Evolution selected Iotatech Claims as the right platform to take our business forward. Their pay-as-you-use model fits perfectly with our commercial offering and the IoT connectivity and cloud solution means we have future proof IT."
"We have found the implementation team at Iotatech to be very competent and helpful during the development stage. We believe that by working alongside Iotatech we have been able to deliver a market-leading claims management system to our sector.”
Darren Cooper, CEO, Evolution Claims Management
“Having a true SaaS provider in the marketplace is perfect for an ambitious and growing business like ours. It means we can be agile and upgrade continuously as we grow without any disruption.”
“The speed and flexibility of the platform will give us a real competitive edge as it will enable us to launch new products quickly to market and tailor the customer experience for every claim. The low cost of entry (which is an OPEX) together with the speed of implementation was key to our decision but it is fair to say the technology is outstanding and during the pandemic we have been able to work remotely without any disruption”.
Bradley Bandon-Cross, Chief Executive, Commercial & General