Lockton renews partnership with insurtech innovator Injala

Injala has signed an agreement with Lockton to provide wrap-up administration technology extends ongoing partnership an additional five years

Lockton, an insurance industry leader, has announced that it has renewed its agreement with Irving-based Insurtech company Injala to be its provider of wrap-up technology. 

Lockton has utilised WrapPortal, Injala's automated wrap-up administration technology for the past three years, to streamline and enhance its wrap-up practice and offer some of the most advanced tools to Lockton's clients. 

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. 

Changing the insurance industry 

For 13 consecutive years, Business Insurance magazine has recognised 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 programme that recognises excellence and honors private companies for their strategy, execution, culture, and financials.

"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 revolutionise 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."

Injala is a 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 utilises 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.

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