26th November 2019 | 5 min read
Iotatech Limited (Iotatech), the general insurance technology disrupter, has appointed insurance industry veteran Mark Cliff to its Strategic Advisory Council (SAC). Cliff will take up his new position in January 2020, and replaces Dermot Joyce, who is standing down from the Board but remains an active shareholder in the business.
Commenting on the appointment, Iotatech co-founder and CRO Robert Thomson said: “Mark’s knowledge and experience of the UK insurance industry is second to none. He is unusual in holding C-suite roles with blue-chip insurers and on the broking side too, and his business acumen and deep market knowledge will be invaluable for us. I would also like to take this opportunity to thank Dermot for his invaluable input to date.”
Robert Thomson said that the London-based business, which provides a next generation pay-per-use insurance platform, has so far signed deals with Commercial & General and Evolution Claims Management. Iotatech has a strong pipeline and he expects to update the market on further progress shortly.
The disruptive technology, designed using Microservices, Open API and Artificial Intelligence, is an Internet of Things (IoT)-ready, intelligent pay-per-use solution, available via Amazon Web Services as Software-as-a-Service.
Mark Cliff said: “So many insuretech businesses enter the insurance market looking to solve a problem that isn’t there, but Iotatech is different. Their proposition is hugely impressive, and I have no doubt that it will change the landscape for insurers, MGAs, TPAs and others seeking to reduce costs and improve overall performance”.
He added: “It’s a very exciting opportunity and I look forward to assisting the team deliver their ambitious plans for the benefit of clients and investors alike.”
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
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 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