Insurtech UK, the industry’s new association, has revealed its latest associate members and partners.

This body’s core membership now stands at more than 40 InsurTech industry stakeholders, with Lloyd’s of London, Hiscox, Holloway Friendly and Bascule all named as associate members ahead of a formalising its association status in the coming months. The group officially launched in November last year.

Polaris has joined as technology partner, Altus Consulting and Synechron as consultancies, IMAS as a corporate finance member, Capital Law and Locke Lord in a legal capacity, GovGrant in the research and development slot, and BMC Recruitment as a recruitment partner.

“From a standing start, we are really pleased with the uptake so far in 2019,” commented Insurtech UK founding member and operations chair Matt Hodges-Long. “This shows just how much confidence there is in the potential of Insurtech UK’s members to help innovate the insurance industry and build the market for the future.”

Existing Insurtech UK members include the likes of Equipsme, Floodflash, honcho and Tapoly.

“The enthusiasm to collaborate among founders has been hugely positive and there are a lot of issues to cover both from a lobbying, communications, and best practice perspective,” said Worry+Peace founder and association spokesman James York. “Our working groups have brainstormed some really good initiatives that will help the sector flourish.”

He continued that changing perceptions of the industry and tackling policy challenges to ensure a level playing field are key. “We are encouraged about the optimism shown and really excited to build out the work plan of Insurtech UK over the coming months – now the real work can begin!”

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