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ITC London

23 Jan 2025

Evari: provides insurers and MGAs with digital solutions that delight users and tackle the industry's challenges

Jolijn Schalkwijk

Insurance lags other industries when it comes to meeting the digital expectations of users, making it a struggle to meet the business needs of insurers, whilst attracting and retaining customers.

Evari offers digital differentiation and flexibility to insurance carriers, MGAs, brokers and agents, which enables them to digitally transform their products and services. Evari addresses common pain points to automate workflows and enable effective use of data. For insurance carriers specifically, Evari offers distribution and administration of P&C products across personal, commercial and specialty lines, and manages underwriting, pricing, policy administration, and user experiences.

Evari’s configuration provides flexibility to insurers and MGAs to customise workflows and processes to suit the unique needs of their business. Insurance carriers can tailor their operations to maximise efficiency and adaptability whilst increasing their competitive advantages. They can quickly and easily deliver digital experiences for clients and staff thanks to Evari’s no-code configuration tools designed to enhance customer engagement and streamline interactions.

How it works

Insurers & MGAs can easily configure and maintain their insurance specific business logic without changing any code. The Evari CloudStream platform includes advanced features for rich user experiences and decision engine which executes in real-time and stores decision results. Rulesets configurations are re-usable and can leverage external data sources.

On the front end, engaging portals and digital experiences can be easily configured without having to wait for IT. Plus, front ends can stand alone of be easily embedded into any process enabling embedded insurance. The platform is event native as well as API enabled, which makes it easy to connect to third party or proprietary data sources and services as well as other SaaS tools and legacy applications in the IT eco-system.

Why Evari?

Evari stands out for its flexibility and data handling. The Evari CloudStream platform is highly configurable for front end users and for workflows, pricing and underwriting. Next to this, the Evari CloudStream platform has advanced user and attribute-based security features. Built using microservices and event-driven architecture, the platform is very performant and proven to handle high volumes of data and user transactions. Finally, the platform can easily integrate data into workflows or send enriched data to other systems as required.

Who is Evari?

Evari is a London-based InsurTech revolutionising enterprise IT. Evari CloudStream is a flexible platform that can be used to build modern enterprise applications and has proven to effectively address the insurance industry’s technology challenges.

The company was founded in 2016 by three insurance and digital experts: Daniel Fogarty (former CEO Zurich Australia & NZ), Robert Jeffery (former Head of Risk in banking), and Brack Norris (serial entrepreneur). The team built a direct-to-small business MGA (Evari Insure), which was sold in 2021. Evari has a global presence, with headquarters in London, and the majority of staff are situated in the UK and Australia.

Evari serves insurance clients in Europe, USA, and APAC. This includes listed insurance carriers to MGAs.

“We founded Evari with a desire to enable enterprises, particularly insurers, to deliver next-generation digital solutions and innovative products to customers. We believe the best way to achieve this is with a flexible platform to build enterprise applications. We wanted this platform to be easy to use and cost-efficient while delivering innovative technology.”

Evari_founders

Founders Evari, from left to right: Daniel Fogarty (Chief Executive Officer), Brack Norris (Chief Digital Officer), Robert Jeffery (Chief Operating Officer)

Company

Evari
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