Digital platform and distribution solutions provider IS2 has announced it has signed a partnership deal with specialist insurer Markel Direct. This latest contract renewal is an extension of a seven-year long relationship between Markel Direct and IS2.
IS2 will deliver an ambitious digital roadmap for Markel with multi-channel distribution including mobile applications and embedded insurance for schemes, via its API hosted scheme capabilities.
Rob Rees, Divisional Director of Markel Direct, comments: “We want to bring a new perspective to the growth conversation with our partners as well our direct channels – achieving it through a superior technology offering, a commitment to expertise in our target sectors, and a market-leading customer experience. There is a strong cultural fit between IS2 and Markel Direct; their strategic consultancy extends beyond being solely a tech supplier, and it is a core partnership for us in achieving our aims.
“With their support, we are investing heavily in our leading digital platform to create a seamless customer journey and enhance our distribution capabilities through the introduction of our API for tech-led partners, and further white label enhancements for scheme business. It’s an ambitious roadmap and this latest extension of our partnership with IS2 is indicative of our commitment to delivering on those goals.
”IS2 is a leading 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 saw a 30% increase in revenue in 2022 and works with leading brands including Hiscox and Markel Direct. IS2 has a long and successful track record of supporting its clients in achieving their digital ambitions.
IS2 Founder and Managing Director, Simon Pritchard, comments: “We’re delighted and proud to be extending our partnership with Markel, it’s a significant commitment from both companies with some landmark milestones that we want to achieve together. We’ve been consulting and delivering innovative solutions for them for a number of years now for their direct channels and also helping Markel to support partners on volume opportunities, affinity, or scheme placements. We’re excited to be embarking on the next stage of the journey to deliver their ambitious digital roadmap with some really exciting new projects already in the pipeline.”
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For further information please contact SJ Wrigley at sj@spotlightconsulting.co.uk or on +44 (0)7909546104
About IS2
IS2 provides full cycle digital trading and distribution solutions to the insurance schemes market. Its Atlas platform offers true multi-channel distribution, including embedded insurance via its Hosted Scheme Pricing capabilities. IS2 has been delivering innovative digital solutions for Insurers, MGAs and Brokers since 1996. The business continues to attract leading insurance brands because of the proven track record of delivery and a platform which has benefited from continual R&D and investment. Providing a true partnership approach which extends beyond that of a tech supplier, IS2 is able to leverage all of its experience to help customers realise their digital ambitions.
About Markel
Markel Direct is a specialist insurer providing insurance for a wide range of small businesses, freelancers, contractors and tradespeople.