Time for insurtechs to stand up and be counted

Time for insurtechs to stand up and be counted

 Policy Expert, digital home insurance provider, comments on the Insurtech UK and Department for International Trade Partnership

Adam Powell, Co-Founder and Chief Operating Officer of Policy Expert, comments on the partnership initiatives announced today by Insurtech UK and the Department for International Trade (DIT):

“By promising to open up new opportunities for UK insurtechs, today’s announcement throws down the gauntlet for businesses to forge a reputation based on delivering revolutionary change on a grand scale.

“With growing investment and government support, there has never been greater appetite to see insurtech plans succeed. The UK has a rich heritage of insurance innovation, but we can’t rely on centuries of experience to stay relevant when technology is changing at a rapid pace.

“Since day one, we set out to build an advanced technology company to provide insurance – before ‘Insurtech’ was even a word. We passionately believe that ideas need to prove their worth beyond industry peers and really resonate with customers.

In becoming a top 20 home insurer with over 500,000 customers, we have proved it is possible to deliver transparent policies and fair pricing with attentive customer service using proprietary technology and data insights. 

“The time has come for insurtechs to stand up and be counted. Having built a highly portable and scalable platform which can extend to multiple product lines and geographies, we are excited to work with Insurtech UK as a founding member and have a seat at the table for talks with the DIT. We look forward to showcasing the best that UK Insurtech can offer to an international audience.”

Policy Expert

Our customers are at the heart of everything we do, so we have a team of experts with a real passion for making sure people get the cover that’s right for them. For more information, you can call our experts on 0330 0600 600 or visit www.policyexpert.co.uk/contact for more ways to reach us.

Published 9 July 2019