Acturis Group Limited, the leading insurance software as a service provider to the general insurance industry, is delighted to be partnering with the InsurTech Gateway a next-generation start up incubator for the Insurtech sector backed by Hambro Perks. Acturis will provide bespoke and exclusive technology solutions to the InsurTech Gateway and its start-ups. Providing the flexibility to innovate, with the stability and resilience expected from the market leading SaaS Solution.
Jeff McCracken, Sales and Marketing Director at Acturis “We are delighted to be working with the team at The InsurTech Gateway and Hambro Perks. Since our launch Acturis have established ourselves as the leader in innovation in the insurance technology space. Continuing that drive for innovation in partnership with The Gateway is very exciting”
James Birch, Associate Director, InsurTech Gateway “We are excited to work with an established partner in Acturis, allowing us to enable our start-ups to leverage market leading technology to ensure a scalable and reliable tech stack”
Acturis is the leading, award winning Software as a Service provider to the insurance industry. The Acturis SaaS Platform is an administration, distribution and underwriting platform used by insurance brokers and underwriters and now has over 18,000 users across over 400 UK sites.
Acturis operates in the general insurance market, supporting both personal and commercial lines. The company leads the way in real-time integrations with insurers and has won industry Service Provider of the Year awards and the British Insurance Technology Award. In 2016 Acturis were awarded Outsourced Partner of the Year at the British Insurance Awards and Business Partnership Initiative of the Year at the Insurance Times Awards.
The Acturis Group also includes NIS, ICE Insuretech and Acturis Deutschland. NIS is a leading provider of software solutions to the travel insurance, assistance and health insurance markets with customers in more than 40 countries. ICE Insuretech products are enterprise-grade modular software solutions for the management and processing of insurance claims, policies, billing and rating, with integrated business intelligence and insurance analytics Acturis Deutschland is the leading provider of insurance price and terms information to the German insurance market and the largest provider of broker administration and trading software in Germany.
About InsurTech Gateway
In November 2017, the InsurTech Gateway was launched as the World’s first authorised incubator for InsurTech, which alongside investment capital and a suite of centralised services will ensure that start-ups will be able to rapidly access the market and begin shaping their products with real customers.
The Gateway allows founders to retain more equity in their business as the time required to get authorisation, capacity and capital is reduced. In turn this decreases the need to raise frequently (and risk further dilution). The InsurTech Gateway have centralised exclusive key platforms required to get InsurTech start-ups to market and scaled (From Branding to a Full IT Stack), whilst providing a full service compliance operating model.
Combined with access to investment and insurance capacity, they can get a business ideas into market in a matter of months, rather than the market average of 18 months, cutting the cost of entry from £1m to £200-300k.