As we round off another productive and exciting year here at Insly, it’s time to reflect on the key moments for us as a company and brand in 2024.
After our successful fundraise at the end of 2023, this year has been about investment and growth, and we’ve hit some big milestones. Revenue has grown to above €8M, up 20% year-on-year, our team has expanded to 117, up 14% year-on-year, and we’ve also expanded our customer base with our first signing in Australia.
We also launched our website refresh in August, and to cap off a year of innovation, our first AI product, FormFlow, went live in December, giving us a strong platform for growth in 2025.
On our blog, we published three ebooks on MGA trends, building a top-class claims management process, and driving profitability through automation. We also profiled four of our customers: Boont, Anchorwatch, Alta Signa, and London Marine.
Read on for more details, and watch this space for more announcements, news, and useful content in 2025!
Insly 2024 highlights
Innovations and Product Enhancements
FormFlow launches to streamline broker submissions
Insly’s Innovation Lab has been busy working on use cases for AI and the result is our first AI-powered tool, FormFlow, launched in December. Removing a critical bottleneck in the relationship between MGAs, insurers, and brokers, FormFlow captured data submitted in any format to be processed by quote and bind systems. News of the new tool has been covered across the insurance media in titles including Insurance Age, Insurance Edge, and Insurtech Insights.
Insly website refresh goes live
In August, following many months of hard work, Insly launched a website refresh, to make the site as user-friendly as possible, including an intuitive design and navigation, plus a personalised experience for MGAs, insurers, and brokers. We’ve seen a significant uptick in visitors since the refresh and look forward to building on this success next year.
Out and about in insurance
MGAA conference and Insly annual event
In July, Insly held its annual customer event in London, joined by a group of customers to discuss ‘Future-Proofing MGAs: Turning Challenges into Opportunities’. The following day, we attended the MGAA conference, where we connected with numerous industry professionals, shared insights from our customer event, and reinforced our commitment to supporting MGAs through developing innovative products and services tailored to help them grow.
Showcasing Insly at the 2024 BIBA Conference
Insly joined over 200 exhibitors and 9,000 visitors in May at the annual BIBA Conference in Manchester. We welcomed over a hundred MGAs, insurers, and brokers to our stand to demonstrate our low-code solutions and discuss how we can help businesses streamline processes, maximise data, and boost profitability.
Insly’s Customers Share Their Stories
In 2024 we focused on four inspiring customer stories, profiling innovative MGAs using the Insly platform to drive efficiency and growth.
London Marine doubles productivity with Insly
An interview with happy customer, London Marine, went live in November, in which Alex Brown, Director of Growth and Compliance, and Zuzana Borges, Yacht Underwriter, explain how Insly helped them move to a fully automated system. As a result, quote delivery time has halved from around 30 minutes to less than 15, freeing the team to focus on client relationships and further innovation.
Bitcoin insurance and custody solution partners with Insly
In March, bitcoin insurance and custody service, Anchorwatch, announced it would partner with Insly for its end-to-end insurance software. Insly impressed the team with its robust back-office functionality, scalability, and the team’s deep understanding of Bitcoin, in what has been a “pivotal year for Bitcoin,” according to Rob Hamilton, CEO and Co-Founder of Anchorwatch.
Alta Signa explains why Insly is “best-in-class”
Also in March, Insly Marketing Director, Hammad Mirza, spoke to Alex Cuadros, IT & Operations Manager atAlta Signa, about why the company chose the Insly platform, the implementation process, and key wins so far. Cuadros praised Insly for its “wealth of MGA experience and the strength of the technology, which is affordable, very flexible, and easy to use.”
Croatian startup Boont chooses Insly to aid efficiency and user experience
In February, Boont, the tech-driven Croatian startup MGA, announced it was working with Insly to automate all its backend processes. The company was impressed with the platform’s robust back-office functionality and ability to facilitate an intuitive user experience and innovative functionality on the front end.
Insly’s eBook Guides
How automation boosts insurance profitability: 10 strategies for fast ROI
Any IT investment needs a strong business case on how it will deliver a return on the initial financial outlay. This guide aids that process by providing a deep dive into ten benefits of automation, and how these impact the bottom line. Essential reading for anybody thinking of investing in insurance software.
How to build an industry-leading claims management process
Claims management can make or break an insurance company or MGA, yet it has often been treated as an afterthought. This guide breaks down what it takes to build an industry-leading claims management process, including the key challenges faced by companies, the role of automation, and the benefits for the whole business.
MGA Industry Trends 2024: Insly Market Outlook
Way back in January, we provided our insights on the trends that would dominate the year ahead, including the role of consolidation, AI, and crypto. Why not have a look back and see how these trends progressed throughout the year? Then keep an eye out for our updated analysis early in 2025, to see what the next 12 months could have in store.
