Advisory panel formed by insurtech sector partnership

Insurtech UK has today (27 September 2022) signed a partnership with Tech Nation’s Insurtech Board to create an Insurtech UK Advisory Panel.

The pair have a common goal of promoting the UK as a global leader for insurance innovation.

The advisory panel is a voluntary group of senior insurance and insurtech leaders, aiming to support the sector’s growth and work on initiatives to promote economic growth, boost industry productivity and underpin economic and societal resilience.

It will build on the work of the Insurtech Board that was supported by Tech Nation – the HM Treasury supported growth platform for technology businesses in the UK.

Luisa Barile and James York, co-chairs of Insurtech UK, said: “We are both delighted to welcome the Advisory Panel into the fold of the Insurtech UK community.

“We truly believe that consolidating the sector’s voice will strengthen our ability to work with government, industry and regulators to create the best possible atmosphere for insurtech businesses to thrive and we look forward to working with the advisory panel to deliver on these objectives.”

No brainer

The Tech Nation Insurtech Board mainly focused on collaborative initiatives to promote the UK insurtech ecosystem, helping insurtechs to scale up and create an innovative environment to best position insurtechs to flourish.

The Insurtech Board members believe this partnership with Insurtech UK and its more than 120 members is a good opportunity to deliver on these objectives.

Meanwhile, Insurtech UK believes that having a united voice representing UK insurtechs will improve the sector’s ability to communicate with the government and industry and allow the trade body to pursue more opportunities to provide value for its members.

Louise O’Shea, Confused.com’s chief executive and the Insurtech UK Advisory Panel’s chair, said: “When presented with the opportunity to combine the experience and expertise of the Advisory Panel with Insurtech UK’s 120 plus members to represent the sector and work collaboratively on key issues, it was a no-brainer to proceed with this partnership. I’m excited to get started and to kickstart the initiatives we have been planning to support this brilliant, globally leading sector.”

Meanwhile, Gerard Grech, founding chief executive at Tech Nation, added: “As the UK’s growth platform for tech companies and their leaders, Tech Nation is continuously working to support and grow the UK’s tech economy and we are excited to continue to promote, champion and develop insurtech as an important pillar of that economy through our participation with the advisory panel.

“Tech Nation set up the Insurtech Board to accelerate the UK’s position as a global leader in insurance through growing investment, creating partnerships and facilitating innovation. We are delighted that this initiative has developed into the Insurtech UK Advisory panel.”