Evolution Claims Management has selected the Iotatech Claims solution to take its business to the next level.
Iotatech is a disruptive insurance technology business providing the next-generation insurance platform, an intelligent pay-per-use SaaS solution, to risk carriers, third-party administrators and related businesses.
Securing the Evolution business is a key milestone for Iotatech, which launched the platform in late 2018, and follows on from the announcement last month that is has also secured the Commercial & General account. The deal with Evolution means Iotatech has increased its reach across the personal lines sector with both motor and now, household clients.
Amongst the key attractions for Evolution were the Software-as-Solution (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. It is an Internet of Things-ready, intelligent pay-per-use solution, available via Amazon Web Services, and Evolution said it will provide the springboard for it to flexibly grow and adapt its business. It is scalable as the volume of claims it manages increases, as well as providing an end-to-end supply chain management process.
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.”