We are passionate about contributing to and supporting innovation in the insurance industry, so we are really proud to become one of the first associate members of Insurtech UK (external link).
Insurtech UK formed in November 2018 and is an alliance of insurtech start-ups with the aim of bringing the insurtech community together to champion technological revolution in the sector. As an associate member we are helping it achieve its goal and play our part in creating a more customer-focused industry.
We know from our experience of working with micro and small businesses that often founders of start-ups are technology whizzes or have a background in customer-centric products but it’s rare they have the complete skill set needed to solve the pain points the industry experiences. So we’re helping them develop their offering by building these skills. So far we’ve signed up to a panel on negotiation techniques and next on the list is helping them to build material on GDPR and claims fraud.
“One of the Hiscox maxims is ‘there is always a better way,’ and so we believe it’s important to empower these small businesses with big ideas by supporting associations such as Insurtech UK,” said our Head of M&A and Ventures, Shelley Lyddon-Mills.
A brighter future
Insurtech really is for everyone. Every insurtech is either trying to make the insurance world more efficient, more accessible, more fit for purpose or more customer focused. Combining the Hiscox brand and expertise with insurtech’s fresh thinking and ability to build and launch quickly, we think the insurance industry will look better for everyone.
Our support for insurtech doesn’t stop here; we are also a corporate member of Instech London (external link). Instech London is a community for insurance innovation enthusiasts. They run regular events where entrepreneurs bring their ideas, professionals share their challenges, and everyone shares their insights. Their events are a great way to broaden your knowledge on insurtech and get your creative juices flowing on how you can improve the area you work in through technology; something which as a corporate member, Hiscox employees are able to take advantage of for free.