It’s been a busy year for IS2 with strong growth, here’s the word;
IS2, the digital platform and distribution solutions provider, has announced it has hit its two year target for growth, with 50% revenue growth over 2021 and remains on track to grow threefold by year end 2026.
As part of its recruitment drive, IS2 recruited Joe Sultana as Commercial Director in March this year Lucy Hill as Business Development Director in September and several experienced technologists in key positions during the year. The appointments were made to drive the business forward and deliver on its ambitious growth plan.
The growth this year has come from maximising existing opportunities in the business – driving value from existing clients and supporting them to create new ways of increasing their distribution, whether through direct API integrations, direct to consumer, or through brokers and affinities. This has resulted in sizable renewal deals with a number of leading insurers including Hiscox and Markel. The business has also benefited from several new big wins, with new customers looking to support a wider ‘build once’ digital distribution model and utilise the IS2 platform for key components in their ecosystem.
Simon Pritchard, Managing Director of IS2 comments: “It’s been an incredibly busy year and we’re off to a flying start on our growth plan. I am delighted that we have hit the 50% growth in revenue we set out to achieve over the last two years and I think it’s especially impressive against a backdrop of challenging economic times. We have always been a business led by continual reinvestment in R&D and its very encouraging to see more and more digital first organisations seeking assurances that their buying decisions are based on the quality and design of the underlying architecture and technology, which really plays to our strengths. Looking forward we have some really exciting wins to announce early in the new year.”
IS2 is an independent digital trading and distribution platform for the schemes market. It is cloud native, API led. Established in 1996, it has been delivering innovative digital solutions for Insurers, Insurtechs, MGAs and Brokers for nearly 30 years. It is one of the only platforms to offer hosted pricing for niche schemes. Profitable and growing it has established long term partnerships with a number of leading insurers. IS2 offers a seldom found combination of technology that has benefited from continual R&D, together with a long pedigree, heritage and proven track record of supporting its clients in achieving their digital ambitions.
Be the first to comment