Mark Anderson
This article showcases a selection of innovative startups within United Kingdom’s Insurance industry, founded from 2020. In spite of the global pandemic, these companies have shown resilience and innovation in diverse areas including Health Care, Cryptocurrency Risk Management, Auto Insurance, and InsurTech. Let’s delve into what each company is about and the value they bring to the market:
Storm3
Storm3, based in London, operates at the intersection of IT, Health Care, and Recruitment. Co-founded by Clare Cooper, Storm3 is a specialist in Global HealthTech recruitment, bridging the gap between healthcare organizations and talented professionals to drive their shared mission.
Ki Insurance
Founded by Mark Allan, Ki Insurance is a fully digital and algorithmically driven Lloyd’s of London syndicate offering instant capacity that is always accessible. They are based in London and operating within the insurance industry.
Potion Labs
Potion Labs based in London, is laying a foundation for a wide range of asset risk-management applications in the Cryptocurrency, IT, Insurance, and Software industry. Their services span across Cryptocurrency, Information Technology, Insurance, Risk Management, and Software.
Peppercorn
From Cardiff, Peppercorn is digitizing the Auto Insurance industry. Peppercorn uses cutting-edge AI to enhance customer service experiences, giving more control to customers, with an initial focus on car insurance.
Unslashed Finance
Another London-based startup, Unslashed Finance, founded by Marouane Hajji, ensures the safe trading of crypto assets by providing insurance products.
Quotech
Quotech, based in London, has made a name for itself by providing a platform that supports insurance underwriters and brokers in administrative tasks such as pricing, distribution, administration, claims, and trading.
Eleos
Eleos, co-founded by Kiruba Shankar Eswaran and Nuno Costa, brings innovation into the Life Insurance industry. Eleos offers digital insurance solutions that provide financial support in case of death, illness, or accident.
Wesurance
Based in London, Wesurance was established by founders Eddie Chang and Natalie Fong. Wesurance is reinventing the insurance industry by offering cloud-based, AI-enabled software that allows insurers to tap into wider customer base and explore new business models.
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Augmize
Co-founded by Favour Mandanji Nyikosa and Jon Forester, London-based Augmize specializes in Insurance and Risk Management. Augmize focuses on enhancing the digital capabilities of the insurance industry.
Piiq Risk Partners
Operating in London within the Aerospace, Consulting, Insurance, and Risk Management industries, Piiq Risk Partners enables insurers to structure, price and manage risk. They focus on all phases of aircraft economic life.
Each of these startups exemplifies innovation, resilience, and a desire to meet the continually evolving needs of the insurance industry. Their important work provides a crucial foundation for the future of the sector.
