iWallet360 is PromptTech Insurance’s RiskTech platform — built so businesses can continuously monitor their insurance position rather than revisiting it once a year at renewal.
The first wave of insurance technology made buying easier — faster quotes, digital comparison, online issuance. That problem is largely solved.
What it did not address is everything that happens afterwards. A policy bought in year one describes the business as it was in year one. By year three the business has more staff, new premises, additional equipment and larger contracts. The policy has not changed.
RiskTech closes that gap. Rather than digitising the purchase, it makes risk continuously visible — so the cover keeps pace with the business it is meant to protect.
The businesses that get caught out are rarely the ones without insurance. They are the ones who never looked at it again.
Policies sit in email attachments, physical files and across two or three different brokers’ systems. Renewal dates arrive without warning. Nobody holds a single view of what the business is actually covered for.
By the time a gap surfaces, a claim is usually already in progress.
Most insurance technology focuses on the moment of purchase. iWallet360 is built for everything after it.
Sum insured, limits, exclusions, insurer and documents consolidated across all policies regardless of where they were placed.
Notification well before the deadline, so there is time to review and compare rather than renew as-is under pressure.
Total sum insured tracked against the values it protects, so shortfalls surface before a claim reveals them.
Policy schedules, endorsements and certificates retrievable instantly when a client or lender requests proof of cover.
Status of every claim in progress, what has been submitted, what is outstanding and where it sits with the insurer.
Proof of cover, policy details and claim status accessible from any device, not only the office desktop.
RiskTech is the shift from digitising insurance purchase to continuously understanding and monitoring risk. Where InsurTech focused on making cover easier to buy, RiskTech focuses on keeping it aligned to the business over time.
No. The platform consolidates policies regardless of where they were placed, which is the point — a partial view of your insurance is not much better than no view.
iWallet360 is provided as part of our service to clients. There is no separate platform charge.
Yes. Access can be granted to finance, operations and leadership as required, with appropriate permissions.
Alerts arrive well ahead of the deadline, with the current position visible. That creates time to review and compare rather than renewing as-is because the date arrived.
The platform follows ISO 27001 aligned practices. Policy data is confidential and not shared with third parties beyond what is required to place or service cover.