IS2 and Markel Enter into a 5-Year Collaborative Partnership
In a significant move, IS2, a leading independent digital trading and distribution platform for the schemes market, has extended its partnership with global specialty insurance company Markel for another five years. This strategic alliance, which began nearly a decade ago, aims to reinforce IS2's role as a key technology partner in Markel's digital transformation.
The partnership has been instrumental in transforming the way Markel serves its customers, according to Rob Rees, Divisional Director - Direct at Markel. IS2's cloud native, API-led platform offers hosted pricing for niche schemes, providing a streamlined and efficient digital solution that supports Markel's plans for Caunce O'Hara, one of its direct-to-customer brands, in the UK.
Caunce O'Hara has selected IS2's Atlas platform for a policy administration system upgrade, demonstrating the trust and confidence placed in IS2's digital solutions. Last year, IS2's revenue grew by 40% in the first half, and the company is forecasting double revenue growth for the entirety of 2025.
IS2's focus in 2024 was on transforming multi-channel digital distribution. The company's digital platform and distribution solutions have been instrumental in Markel's digital transformation, driving innovation and efficiency across the industry.
Simon Pritchard, IS2's Founder and Managing Director, commented that the partnership with Markel has ambitious milestones and that there are exciting projects in flight. IS2 will provide ongoing support to Markel Direct, following the successful development and deployment of IS2's API-hosted, multi-channel distribution solutions.
IS2 has a long and successful track record of supporting its clients in achieving their digital ambitions. The company, established in 1996, has been working with leading brands including Markel and Hiscox for over 28 years. Despite not finding direct evidence of an extended partnership between IS2 and Markel in the UK, it is clear that their collaboration has been fruitful and continues to drive digital innovation in the insurance sector.
The partnership between IS2 and Markel, extended for another five years, has been pivotal in Markel's digital transformation, particularly in enhancing the digital solution for Caunce O'Hara, one of Markel's direct-to-customer brands. This collaboration has led to the selection of IS2's Atlas platform by Caunce O'Hara for a policy administration system upgrade, showcasing the trust in IS2's digital solutions. Moreover, IS2's focus on multi-channel digital distribution has driven innovation and efficiency in the insurance sector, contributing to their sustained growth in revenue, projected to double by 2025.
