Systems iO Limited is a company founded in 2019 to develop software for the specialist insurance market using the OutSystems low-code platform. While the software development market is crowded, and there are many Insurtech offerings to the London insurance market in particular, there are no companies specialising purely in OutSystems development for the London Market. Systems iO is that company.
Its founders combine expert knowledge of the insurance market – having worked for both brokers and underwriters for many years – with long careers in software development in general and low-code tools in particular.
London Insurance Market
The London Insurance Market is the world’s leading speciality risk exchange centred on the 330-year old Lloyd’s of London. Its brokers and underwriters trade primarily in international non-life insurance and reinsurance, marine, aviation, and high-exposure risk. To continue to operate profitability in the face of challenging economic conditions, market participants need to increase their agility and flexibility.
OutSystems is the most complete low-code platform for building enterprise solutions that drive real business value. Its speed of development combined with a scaleable architecture makes complex and slow legacy modernisation projects achievable in months rather than years. OutSystems means ideas come to market faster supporting your digital transformation ambitions.
OutSystems for Insurance recognises the drag and expense of legacy monolithic systems and the challenge that disruptive Insurtech startups can represent. OutSystems can underpin a digital-first strategy for insurance through deployment of customer-centric platforms built 10x faster than traditional development methods allows.