Mark Anderson
With the continued rise of financial technology (FinTech) and digital innovation, the insurance sector in the UK has experienced significant growth. Start-up companies have been rapidly evolving and implementing ground-breaking platforms and solutions to streamline their operations and improve customers’ experience, making the UK one of the premier FinTech hubs in the world. Let’s take a look at the UK-based startups that have emerged since 2020 in the insurance industry.
These startups are not only leveraging the power of technology to provide innovative and cost-effective insurance solutions, but they are also making good use of other resources such as AI to drive their mission. Here’s a look at some of these startups, each bringing in its unique formula to make a mark in the insurance realm.
These startups have paved the way for the transformation of the traditional insurance landscape. Being primarily digital, these modern-day insurance providers offer clients a seamless, efficient, and user-friendly platform for all their insurance needs. And now, without further ado, let’s dive right into the list:
Storm3
Founded by Clare Cooper, Storm3 operates in the Health Care, Health Diagnostics, Health Insurance, Information Technology, Personal Health, and Recruiting sectors. The company is focused on Global HealthTech recruitment, connecting organizations with the talent to drive their mission. Find more about Storm3 on LinkedIn.
Ki Insurance
Ki Insurance is an insurance startup co-founded by Mark Allan. It is a fully digital and algorithmically-driven Lloyd’s of London syndicate offering instant capacity, accessible at any time. Visit their LinkedIn page for more information.
Potion Labs
Based in London, Potion Labs operates in the Cryptocurrency, Information Technology, Insurance, Risk Management, and Software sectors. It is a base layer for a wide range of asset risk-management applications. Connect with them on Twitter and LinkedIn.
Unslashed Finance
Founded by Marouane Hajji, Unslashed Finance provides insurance products for crypto assets. Explore more about Unslashed Finance on their Twitter and LinkedIn pages.
Quotech
Based in London, Quotech offers data accessibility to underwriters and brokers to support pricing, distribution, administration, claims, and trading in the Insurance and InsurTech sectors. More about the company can be found on their LinkedIn page.
Eleos
Founded by Kiruba Shankar Eswaran and Nuno Costa, Eleos provides simple, innovative, and fully digital insurances to offer financial support in the event of death, illness, or accident. Learn more about Eleos on their LinkedIn page.
Wesurance
World’s leading insurtech company, Wesurance, was founded by Eddie Chang and Natalie Fong. It develops digital insurance solutions for all insurance businesses. Find out more on their LinkedIn page.
Augmize
Co-founded by Favour Mandanji Nyikosa and Jon Forester, Augmize operates in the Insurance, InsurTech, Risk Management, and Software sectors. Find more about Augmize on their LinkedIn page and Twitter account.
Piiq Risk Partners
Operating in the Aerospace, Consulting, Insurance, and Risk Management sectors, Piiq Risk Partners helps in creating innovative and strategic client solutions. More about the company can be found on their LinkedIn page.
OTT Risk
Founded by Chamath Palihapitiya and David Soloff, OTT Risk operates in the Finance, Financial Services, and Insurance sectors. Learn more about OTT Risk on their LinkedIn page.
