Insurtech UK

We are excited to announce that our CEO Melissa Collett has been nominated for Technology Champion of the Year 2024 at Insurance Times Tech and Innovation Awards. The winner will be revealed at the awards ceremony, which will take place on the evening of the 19 September at the Royal Lancaster London hotel. We hope to see many of our members there!

Insurtech UK CEO Melissa Collett was delighted to attend the Managing General Agents’ Association (MGAA) Conference this week at Old Billingsgate in London. Thank you to Michael Keating, CEO of Managing General Agents’ Association (MGAA) for hosting the event. Melissa was excited to catch up with Insurtech UK members and meet new connections, including Simon Fenn and Edward Woodham-Smith from Go-Insur PAS; Janice Shapiro from Optalitix, Suneeta Padda and the team from Padda Consulting; team from Percayso Inform; Bernice Woolley CDir MBA from EIP Limited; Janthana Kaenprakhamroy from Tapoly - Insurance On Tap and Collinson

Please find below our CEO Melissa Collett's response to plans for latest Mansion House Forum meeting

We are delighted to announce that we have signed a Memorandum of Understanding with the Association of British Insurers to continue our shared support and promotion of innovation across the UK insurance sector. This agreement recognises our continued commitment to promote co-operation, exchange views, and share information on matters of common interest. Commenting on the MoU, our CEO Melissa Collett said "We are delighted to have signed this MoU with the Association of British Insurers, continuing our ongoing working relationship together. Technology is clearly at the heart of all insurtech start-ups. Equally, the desire for greater innovation and collaboration between insurtechs and insurers is a core focus for Insurtech UK; which will help drive up the consumer experience and choice available in the market. We look forward to working closely with ABI to leverage our collective resources, to create opportunities for our members and to help deliver innovation to our ecosystems.” The press release in full can be read here: https://lnkd.in/gFa7Sr-d

We are excited to introduce four new Insurtech UK members - Diesta, NewLeaf, Stubben Edge and Samp Risk. Diesta is the first custom built software for premium reconciliation. Julian Schoemig and Chris Davis saw that even though premium payments are inherently collaborative, all reconciliation systems applied in insurance are generic and single-company set ups. Hence, most work is currently done manually, leading to long delays, inflated costs, and high risks. Diesta is born out of Julian’s experience as an Aviation Underwriter with MunichRe and is exclusively tailored to the needs of brokers, underwriters, and financial controllers in the insurance industry. NewLeaf allows simple access to the highly regulated home insurance sector with minimum fuss and cost - NewLeaf takes the burden and provides the infrastructure to remove the barriers for entry to this £7bn marketplace For over 18 years, SAMP Risk’s specialist engineering teams and technologies have dramatically reduced the risk of operating power generation and energy assets worldwide. In concert with our class leading platform, SAMP Risk leverages this engineering expertise to empower brokers and underwriters, enabling them to better serve their power generation customers through our comprehensive risk mitigation services - improving overall risk management, strengthening client relationships and ensuring seamless and profitable premium renewals. Stubben Edge Group is a UK fintech company specialising in creating innovative products and technology for the financial services and insurance industries. The company has developed a distribution portal that is the only single, networked system for Independent Financial Advisers (IFAs), brokers and Appointed Representatives (ARs) looking to really grow their businesses.

Insurtech UK response to General Election results

Insurtech UK congratulates all winners of the British Insurance Awards 2024 - especially our members Konsileo who won the Best Insurance Employer SME, Aviva for winning the Personal Lines Insurer of the year, General Insurer of the year and General Insurer of the decade! and QBE Insurance for winning the Risk and Resilience Award. Our CEO Melissa Collett was delighted to attend the event and celebrate those wins!

👏 Congratulations to Insurtech UK Partner Evelyn Partners for their recent win at the 2024 FinTech Awards!

We are excited to introduce two new associate members of Insurtech UK - MetLife and INSURTECH WERFT HAMBURG MetLife UK, with a rich heritage spanning sixteen years, is a leading provider of insurance and financial services. Committed to innovation, we are proud to pursue membership in Insurtech UK, reflecting our dedication to leveraging cutting-edge technology and enhance customer experience. The INSURTECH WERFT HAMBURG (InsurTech Shipyard) is a think & work tank for digital insurance solutions. The initiative is aimed at medium-sized insurers, large distributors, InsurTechs and consulting firms. The focus is on getting to know exciting start-ups and technology partners and their use cases, which can be used to improve the core processes of insurers and distributors and further develop the insurance business model. More than 130 start-ups and technology companies from Germany and abroad have presented their solutions at the InsurTech Werf (InsurTech Shipyard) over the past 6 years.

Thank you to everyone who attended our Summer Drinks event yesterday - what a day for it! 😎 There was a great turnout at the Summer Drinks, where we heard insightful discussion on inclusivity in the insurtech industry. The event also served as the launch of Insurtech UK's policy roadmap: A Roadmap to UK insurtech growth which you can find linked here: https://lnkd.in/e--hXCDp Thank you to Erik Johnson for sharing his insights on the importance and opportunities of inclusive culture within the insurtech industry. Thank you as well to Insurtech UK partner Browne Jacobson for hosting us at their London offices (and letting us use their wonderful terrace!). We look forward to seeing you at our next event on 24th July - Insurtech Rocks!