DOCOsoft Announced as One of UK InsurTech’s New Luminaries
DOCOsoft is delighted to have won a 5 Star Insurance Provider 2021 award, handed out by a select panel of independent judges assembled by Insurance Business UK (IBUK) magazine. The award was for claims processing and management. Nominees that gained an 80% or higher rating were given 5-star awards for excellent service and performance.
According to IBUK, of the more than 100 insurtech firms operating in the UK, 16 deserve to be recognised as 5-Star Insurance Technology Providers. These companies range from purveyors of development platforms and claims automation platforms, to creators of a wide variety of solutions, all aimed at speeding up and optimising the processes of the insurance market.
To select the best insurance technology providers for 2021, IBUK enlisted some of the industry’s top experts. During a 15-week process, the IBUK research team conducted one-on-one interviews with specialist brokers and surveyed thousands more within its network to obtain key insights into current market offerings. Then, IBUK asked brokers to rate their overall satisfaction with the insurtech providers they dealt with.
IBUK says that the insurtech market in the UK continues to thrive amidst a wider business environment that has been disrupted by the COVID-19 pandemic. Not only has insurtech attracted billions in investment in recent years, but it has also accounted for nearly half of all investment in the European insurtech space since 2020, according to UK Insurtech.
This is a great way to round off the year for DOCOsoft!