It looks like the voice of the insurtech community in the UK has got louder.
Representative group Insurtech UK, which came to life towards the end of last year, has unveiled its growing roster of associate members and partners. This supplements the body’s core membership, which now stands at more than 40 insurtech start-ups.
Ahead of Insurtech UK becoming a formal trade association, Lloyd’s of London and Hiscox have already come onboard as associate members. Holloway Friendly and Bascule have done the same.
Meanwhile Polaris has joined as technology partner; Altus Consulting and Synechron, consultancy; IMAS, corporate finance; Capital Law and Locke Lord (UK) LLP, legal; GovGrant, research & development; and BMC Recruitment as recruitment partner.
“From a standing start, we are really pleased with the uptake so far in 2019,” commented Insurtech UK founding member and operations chair Matt Hodges-Long, who is behind TrackMyRisks. “This shows just how much confidence there is in the potential of Insurtech UK’s members to help innovate the insurance industry and build the market for the future.
“We were very keen to ensure that the associate members and partners who joined us had the credibility and experience in the sector to effectively contribute to our work and we are delighted in the calibre of the first wave. We look forward to working together collaboratively on various initiatives to help the insurtech sector reach its true potential.”
“The enthusiasm to collaborate among founders has been hugely positive and there are a lot of issues to cover both from a lobbying, communications, and best practice perspective,” noted Worry+Peace founder James York, who is a spokesperson for Insurtech UK. “Our working groups have brainstormed some really good initiatives that will help the sector flourish.
“Changing perceptions of our industry and tackling policy challenges to ensure a level playing field are key. We are encouraged about the optimism shown and really excited to build out the work plan of Insurtech UK over the coming months. Now the real work can begin!”