Insurance Business Applications (IBA) Named an InsurTech 100 Company for 2021
Published on October 27, 2021
Recognized as a Top Insurance Technology Company Transforming the Global Insurance Industry
Copenhagen – Wednesday, October 27, 2021 – Insurance Business Applications (IBA), a leading cloud-native end-to-end core insurance platform provider for insurance business transformation, today announced that it was recognized by FinTech Global as a top global InsurTech company for 2021.
The INSURTECH100 is an annual list of 100 of the world’s most innovative InsurTech companies selected by a panel of industry experts and analysts. These are the companies every leader in the insurance industry needs to know about as they consider and develop their digital transformation strategies and new customer propositions.
IBA was selected from a list of over 1,400 companies by a panel of industry experts and analysts. The finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the insurance value chain.
“We are thrilled to be named an InsurTech100 company for 2021. We invest a significant portion of our revenue in innovation, and we work with our internal teams, customers and industry analysts to continuously ensure that we are creating product offerings that are both innovative and transformative for our industry,” says Soeren Degn Jahns, IBA’s CTO. “We are focused on helping insurers and MGAs digitalize and automate their operations, becoming more efficient and agile. IBSuite is the backbone for the entire insurance operation and very often replaces existing legacy platforms as a whole or, where applicable, replaces critical components, such as Claims Management.”
Insurers have an immediate need to liberate themselves from the rigid and inefficient legacy technology and IBSuite can help them do exactly that, whether they want to completely replace their core system or launch a greenfield initiative.
Karina Buch, Chief Commercial Officer, IBA
About Insurance Business Applications (IBA)
IBA provides a proven next-generation, cloud-native, SaaS end-to-end core insurance platform (IBSuite) that covers the entire lifecycle of insurance, from quote to bind, policy administration, billing, and efficient claims handling, all backed by an API-first integration layer. IBSuite takes care of the insurers immediate need to liberate themselves from the rigid and inefficient legacy technology, avoid building technical debt, stay current and compliant and be able to launch new products and business models fast in a platform that is multi-language, multi-currency, and multi-country by design.