Evolution has selected the claims management platform of insurtech company Iotatech to give it greater control over its claims handling and supply chain processes.
Securing the Evolution business is a key milestone for Iotatech, which launched its platform in late 2018 and secured Commercial & General as a customer in February.
The deal with Evolution means Iotatech’s claims platform is now being used in both the motor and household lines.
Evolution identified a software-as-a-solution financial model, a comprehensive claims supply chain functionality, speed of implementation, future-proof technology and interoperability with third parties as priorities when choosing a solution. Iotatech Claims is an internet of things-ready, 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.
Cooper said: “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.”
“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 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.”