On track to hit its 5-year growth target 12 months ahead of plan
IS2, the digital distribution platform (DDP) solutions provider, has announced 40% growth in the first half of the 2024 financial year, which ended in June. It is on track to hit its original 2025 revenue target at the end of this year, 12 months ahead of target. It has seen revenue growth of over 140% in the last 3 years. IS2’s growth has been driven by market demand for enterprise solutions and thanks to its unique position in the market; independent and debt free it offers the comfort and expertise of a 25 year heritage and stellar client list, combined with continual R&D investment. IS2 has continued to maximise existing opportunities and has also reaped the benefits of a continued programme of reinvestment in the business and its technology.
It has driven value from winning new clients and supporting existing leading insurer clients, in creating new ways of increasing their distribution, whether through direct API integrations, direct-to-consumer, or through brokers and affiliates. In the last 6 months, IS2 has also won and been shortlisted for a number of leading industry awards.
Simon Pritchard, Managing Director of IS2, comments: “I’m delighted with these results. The last 18 months have exceeded all expectations. Demand for high quality digital platforms for the enterprise has never been higher, especially for those providers who can demonstrate consistent delivery, domain expertise, innovation and a strong track record. More and more digital first insurers and MGAs look for assurances that their software partners are chosen for the quality and design of the underlying architecture and technology, which has really played to our strengths.”
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. -ends-
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.