Insurance industry leader Lockton® announced today that it has renewed its agreement with Irving-based Insurtech company Injala® to be its provider of wrap-up technology. For the past three years, Lockton has utilized WrapPortal®, Injala’s automated wrap-up administration technology, to streamline and enhance its wrap-up practice and offer some of the most advanced tools to Lockton’s clients, which include many of the largest construction project sponsors and general contractors. For at least the next five years, the two will continue their partnership, building on their mutual success in providing the most advanced wrap-up administration technology to the largest construction project sponsors and general contractors, globally.
“Lockton was built on client service. This is another example of us partnering with the best in the business to provide unmatched value to our clients. WrapPortal’s automated processes have increased our efficiency and our clients have benefited from the technology,” said Paul Primavera, Executive Vice President – Lockton Companies.
“The renewal of the Lockton/WrapPortal agreement is both exciting for the Injala team, who has worked endlessly to ensure its success, and as a validation that our products are fulfilling our mission to automate and revolutionize the insurance industry,” stated Hyder Naqvi, Injala CEO. “WrapPortal is the cornerstone of a range of automated products that provide a holistic approach to managing all aspects of a company’s risk.”
What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 8,000 Associates doing business in over 125 countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For 13 consecutive years, Business Insurance magazine has recognized Lockton as a “Best Place to Work in Insurance.” Lockton was named among the 2021 Best Managed Companies by Deloitte and the Wall Street Journal, a program that recognizes excellence and honors private companies for their strategy, execution, culture, and financials.
Injala is the leading disruptor in the insurance industry, providing network-based technology solutions that are creating a transformational evolution in risk management by automating insurance administration and connecting numerous parties under a single insurance network. Injala’s RMIS360™ suite of solutions utilizes blockchain, artificial intelligence, and object detection to provide time and cost-saving solutions for wrap-ups, certificate tracking, claims, policy management, safety and loss, contractor prequalification, and payroll.
Source : https://www.newswire.com/news/lockton-renews-partnership-with-insurtech-innovator-injala-21647078