Automated systems are gradually transforming the insurance industry, as technology allows companies to speed up the entire process, from quote to claims settlement. Now Iotatech Ltd (Iotatech), provider of the pioneering pay-per-use insurance platform, has announced 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 products starting with
Car hire excess insurance
Private car excess insurance
Home excess insurance
Commercial vehicle excess insurance
The Iotatech Platform has been designed using Microservices, Open API and Artificial Intelligence, with an innovative approach to customer and user experience, and will be implemented and ready for production at the end of March 2019. It is an Internet of Things (IoT)-ready, intelligent pay-per-use solution, available via Amazon Web Services as Software-as-a-Service (SaaS).
Commercial & General’s Chief Executive Bradley Bandon-Cross said: “We are very pleased to sign with Iotatech.
“The technology is remarkable and meets our current and future business needs, and at last having a true SaaS provider in the marketplace is perfect for an ambitious and growing business like Commercial & General. 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.”
Iotatech CRO and Co-founding director, Robert Thomson said they were looking forward to working with Commercial & General.
“They are an ideal client with ambitious growth plans and a clear go to market strategy,” he said.
“Following our recent announcements regarding our funding, Strategic Advisory Council and partnership with CGI, the deal with Commercial & General establishes Iotatech as a new and real alternative to the traditional and legacy solutions.