Leading UK insurance and business solutions provider, The Qdos Group, has outlined the advantages of developing its own unique ‘InsurTech’, which was awarded the prestigious Queens Award for Enterprise in the Innovation category at Buckingham Palace on Tuesday 11th July.
The Qdos Group, based in Leicester, delivers game-changing insurance, business compliance, legal, accounting and consulting services, and received the award for revolutionising the way insurance brokers and contractors get quoted for and then buy their insurance products.
Qdos Contractor, a specialist contractor tax and insurance provider, and a company which forms part of The Qdos Group, uses the technology to provide a convenient one-stop-shop for its contractor clients, with immediate quotes, faster order processing and electronic documentation.
Commenting on the how the insurance industry as a whole can benefit from embracing cutting-edge technology systems, The Qdos Group Chairman, Steve Greenwell said:
"Receiving The Queens Award is a wonderful acknowledgement of how far we have come, and just goes to show how influential technology can be in driving growth. It is a momentous achievement for the business and I would like to say a huge thank you to our dedicated team of employees for all the hard work they have all put in over the years.
“Insurance - like many other industries - is primed for change, and ready for innovation. And game-changing technology sits at the heart of this. By embracing technology and striving to provide innovative solutions to clients, The Qdos Group has been able to develop a unique, state-of-the-art ‘InsurTech’ which meets the challenges of the modern age.
“Investing in new, innovative technology systems has not only directly improved our services, making them faster, cheaper and more convenient for customers. It has also enabled significant, but sustained growth within Group itself. We’ve experienced 115% Group growth since 2012, increased our turnover to £30m plus, and doubled our value to £200m in the same amount of time.
"Technology has been highly influential in enabling recent Group growth. Our capacity has increased, and we are able to offer a better all-round service to clients, while keeping a small, effective team of industry experts, offering a personal service; the best of both worlds. By adopting new and potentially disruptive technologies, the insurance industry as a whole can deliver better solutions to clients, and benefit individually as companies too.”
The Queens Award for Enterprise adds to Qdos' existing list of accolades, including Best Digital Broker at the UK Broker Awards 2015, Insurance Times Awards Winner 2015 and one of the Financial Times' 1000 Companies to Inspire Britain 2016.
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