10th April 2019 | 5 min read
Following a comprehensive market evaluation, Evolution Claims Management (Evolution) has selected the Iotatech Claims solution to take its business to the next level. Iotatech Claims is a core part of its comprehensive Iotatech Platform insurance solution.
Securing the Evolution business is a key milestone for Iotatech who launched the Platform in late 2018 and follows on from the announcement last month securing the Commercial & General account. The deal with Evolution means Iotatech now increases its reach across the personal lines sector with both motor and now, household clients.
Amongst the key attractions for Evolution were the Software-as-a-Service (SaaS) financial model, the comprehensive claims supply chain functionality, the speed of implementation and the future-proofed technology incorporating Internet of Things (IoT) and interoperability with third parties.
The Iotatech Platform has been designed using Microservices, Open API and Artificial Intelligence, with an innovative approach to customer and user experience. It is an Internet of Things (IoT)-ready, intelligent pay-per-use solution, available via Amazon Web Services.
Birmingham-based Evolution, which is led by Darren Cooper, provides buildings claims management services including independent validation, loss mitigation, and building restoration and reinstatement to major insurers in the UK
Iotatech Claims provides Evolution with the springboard to flexibly grow and adapt its business whilst paying only for those Iotatech Claims services that they use. The solution is scalable as the volume of claims it manages increases, as well as providing an end-to-end supply chain management process.
Darren Cooper said the Iotatech system was a great fit with Evolution’s agile and innovative approach.
“Our fixed fee model is being really well received, and we need a management system that is not only cutting edge but which can accommodate our business growth,” he said.
“We were looking for a comprehensive solution that gives us control over our claims handling and supply chain processes.
“I believe this will be the market-leading claims management system, and it will help us to deliver the market leading service levels that our clients have come to expect.”
Iotatech CRO and Co-founding director, Robert Thomson said: “There is a lot of synergy between Iotatech and Evolution and we look forward to a long and mutually beneficial relationship.
“One of the many advantages of Iotatech Claims is that it can quickly scale up making it ideal for businesses that need to flex their processing as they onboard new clients. It’s great to have the opportunity to work with Evolution as they accelerate their household claims volumes, and we’re looking forward to supporting Darren and the team during this exciting time in their development.”
Solution is provided as a service, SaaS Live for multiple products – FNOL and Full Claims Administration Implementation completed in under 10 weeks. Iotatech Ltd (Iotatech), today announces that Commercial and General Ltd (C&G) have gone live with its next generation claims platform. The Iotatech Platform has been designed Read more
Iotatech Platform to go live within weeks Iotatech Ltd (Iotatech), provider of the pioneering pay-per-use insurance platform, today announces that Commercial and General have chosen Iotatech Claims as its claims management solution. The deal will see Commercial & General implement the solution for full claims handling across all their Read more
Investment secured from senior industry figures Partnerships with key IT players to be announced during Q4 Iotatech Ltd (Iotatech), which has spent two years developing its pioneering insurance software as a service platform, today announces that following a private placement it has successfully raised its target of £1 million Read more