If you thought a name change was the only thing different about Superscript after it rebranded from Digital Risks, then think again – because now the business insurance ‘challenger’ is also a registered Lloyd’s broker.
In a rarity for the insurtech market – indeed Superscript is the first Insurtech UK member to earn the distinction – it will now have direct access to the specialist insurance market. The firm has been a Lloyd’s coverholder since early 2019 and now it hopes to strengthen its ability to arrange cover for modern businesses.
“Becoming a Lloyd’s registered broker is a pivotal moment in the growth of our business,” said co-founder and chief underwriting officer Ben Rose. “Our relationship with the Lloyd's market will fuel our international plans and see us deliver our flexible, bespoke insurance to ambitious, modern businesses worldwide.
“As an insurtech, being granted this status is not only an endorsement of our unique end-to-end product, but also testament to how the insurance industry continues to innovate to meet 21st century business needs.”
Meanwhile, Lloyd’s regional manager for the UK & Ireland Keith Stern also welcomed the approval, noting Lloyd’s own digitally focused strategy.
“Remaining committed to our Future at Lloyd’s strategy and the continued digitalisation of the market, it’s great to welcome Superscript as a broker at Lloyd’s,” he said. “We look forward to working with them.”