The number of retail brokers regulated by the FCA has reduced by 46% between 2006 and 2024 – this is leading to new trends and acquisition focuses across UKGI in 2025. However, more M&A is definitely on the cards…
The new unit will make the most of robotics, machine learning and data enrichment
’Economically, it makes sense to push interactions to a bot but, from a retention standpoint, you can be too digital,’ says global chief digital officer
’These are challenges to immediately start thinking about solving – because that’s where the winners and losers in auto insurance will be defined,’ says chief executive
‘We must work together to create connected platforms where friction is not tolerated and the customer experience is paramount,’ says management board member
‘Our customer satisfaction scores go up every time we move something from humans to AI,’ says chief executive
However, not all firms are fully digitising their operations
‘We’re ready to unlock new opportunities and take our offering to the next level,’ says founder
Insurer introduces ‘venture client engine’ element to collaboration scheme, looking to build ‘eye to eye’ partnerships with startups
’If you have data science in your business and start to get under the skin of that, you can make big changes to your underwriting result,’ says chief executive
Asking SMEs to buy cyber insurance is ’like asking them to voluntarily buy a culture change’, says cyber chief executive
’Insurers and garages can play a vital role in helping customers understand the green options available,’ says managing director
In 2023 we launched our inaugural Insurtech 50 report, produced exclusively by Insurance Times and based on data provided by business management consultancy Oxbow Partners.
This report collates a portfolio of the 50 most innovative UKGI insurtechs that insurers and brokers should have on their partnership radar, based on specific criteria defined by Insurance Times to reflect the needs and interests of our readership.