Berkeley Alexander adds Prestige to both its home and landlord panel

General insurance provider, Berkeley Alexander (BA), has today announced it has added Prestige Underwriting Services to its panel of home and landlords’ insurers. BA’s intermediary partners can now access the Prestige flagship policy called Coverall, alongside its other policies.

Based in the UK and Northern Ireland, Prestige Underwriting Services provides a broad spectrum of personal and commercial lines insurance products exclusively to a network of over 800 brokers, that allows them to compete with direct underwriters and other large insurers.

Mark Hutchings, Managing Director Berkeley Alexander, said: “The underwriting approach taken by Prestige complements the existing providers on our panel, enabling us to provide customers with market leading choice, all from quality insurers. We look forward to a long and successful working relationship with Prestige.”

Tim Baxter, Head of Broker Development at Prestige Underwriting Services, added: “Berkeley Alexander enjoys a long tradition of providing the intermediary market with a panel of well-respected general insurance providers offering quality products. Its focus on non-standard insurance in particular makes them the perfect home for Prestige and we’re delighted to add our Flagship product Coverall to their panel.”

Prestige has become the ninth insurer to join BA’s home insurance panel. With now more than 20 products available, from insurers including Zurich, Axa, RSA, Legal & General, Ageas, Aviva, Midas and Towergate, BA offers the widest product choice available on the intermediary market.

For further information please contact:

SJ Wrigley, Spotlight Consulting:
sj@spotlightconsulting.co.uk
07909546104

About Berkeley Alexander Ltd:

Berkeley Alexander Ltd is a general insurance provider, offering IFAs and mortgage brokers a wide range of personal and commercial lines of insurance.  Drawing on a large number of insurers, it is known for its broad range of competitively priced products, and for its innovative approach to distributor partnerships.

Aventus receives £2.6m funding

Aventus, the London-based B2B insurtech business and insurance operating system originally created for the MGA Homelyfe, has closed a £2.6m investment led by Outward VC and Notion Capital with participation from TriplePoint and Downing Ventures. The £2.6m investment will be used to scale up the business.

Aventus’s modular Insurance Operating System, allows insurers to create policies and automatically quote and bind in under a minute, asking minimal questions.  In addition to improving customer experience, the system drives greater efficiencies for insurers by combining policy administration and CRM in one place, whilst leveraging multiple data sources to deliver quotes at speed and automate bordereaux and binder management.

Peter Goodman, serial entrepreneur, co-founder and CEO of both Homelyfe and Aventus, comments: “We’re delighted to secure this round of investment for Aventus which will allow us to scale up the business to the next level. For insurers, many of the best in class technologies for distribution, marketing, customer relationship management and payments lack “insurance” specific features.  The Aventus operating system bridges that gap so that insurers – whether incumbent or start-up – can innovate faster, drive up premium revenue, drive down their technology costs and create a seamless buying experience for any insurance line, in any digital environment, at start-up speed.  It has been a major success story for Homelyfe and now other MGAs are accessing the same affordable benefits.”

Sam White, CEO & Founder of Freedom Services Group, and Pukka Insure, has been involved with Aventus since its launch in 2018: “We work with Aventus because it gives us the ability to use data to improve the customer journey and increase conversion rates, shortening question sets and enabling us as an insurance business to differentiate ourselves from the competition.”

Commenting on why they chose to invest, Chris Tottman, Partner at Notion, comments: “Consumer Experience Innovation for B2B is a big focus at Notion. Aventus was a ‘proof of concept’ B2C but they recognised the B2B opportunity and needed someone to fund the pivot. That’s where Notion came in. We love repeat founders, we love propositions which solve significant pain where you can establish a strategic foothold quickly and cost effectively, and we believe in the moats created by UX innovation for B2B to consumers. The insurance experience will rapidly shift to a more consumer centric designed set of propositions.  Those insurers who nail it will win big and it’s the underlying technologies like Aventus that will be the enablers of this.”

Similarly, Kevin Chong, co-head of Outward VC, said: “We believe insurance, like other areas of fintech, is shifting from ‘Build vs Buy’ to an operating system approach. Aventus’s flexible and cost-effective insurance operating system enables insurers to quickly innovate their products and distribution channels in a world where consumers now take real time accessibility and convenience for granted.”

Press Queries

SJ Wrigley at Spotlight Consulting on 07909546104 or at sj@spotlightconsulting.co.uk

About Aventus

Aventus is a London-headquartered company that provides an Insurance Operating System, to insurance businesses. The modular and API-based operating system provides best-in-class technologies configured specifically for the insurance industry. For more information visit http://www.aventusplatform.com

About Downing Ventures

Downing Ventures is the VC arm of Downing LLP, an investment management firm established in 1986 with £1bn AUM.  Downing Ventures is among the UK’s most active early-stage investors and backs exceptional founders building consumer, healthcare or enterprise SaaS businesses from Seed-Series B+. www.downing.co.uk

About Notion Capital

Notion Capital is a venture capital firm with more than $500m assets under management, investing in European SaaS and enterprise technology, with more than 60 investments to date. The Notion team founded, built and exited two highly successful SaaS businesses — Star and MessageLabs – and invests exclusively in enterprise tech and SaaS with the ambition to build global category leaders. The Notion portfolio includes Brightpearl, Currencycloud, GoCardless, Mews Systems, Paddle, Topia, Tradeshift, Unbabel, Tradeshift, Triptease and Workable. For more information visit: www.notion.vc

About Outward VC

Outward VC invests in early stage fintech companies that focus on large global market opportunities.  Backed by Investec Bank, NIBC and other international investors, Outward VC’s investments include fast growing UK fintechs such as Bud, Curve, Monese and PrimaryBid.  For more information visit http://www.outwardvc.com

About TriplePoint

Triple Point is a UK alternative investment manager with over £1.5 billion of assets under management. The team at Triple Point has a wealth of experience in Fintech, having backed LendInvest, Flatfair, CountingUp and CapitalOnTap amongst others. The investment was made by the Triple Point Venture Fund and led by Daniel Cardenas-Clark. www.triplepoint.co.uk

CLS launches new Abortive Planning Costs Product in collaboration with Team Partnership

New policy hailed as Property Developers’ key to managing uncertainties of planning

CLS Risk Solutions, a leading MGA for legal indemnity and transactional property risk solutions, has announced a collaboration with  to launch an Abortive Planning Costs Product, which promises to be an indispensable policy for all UK developers.

Planning refusal is a risk common to all developers and forms a core consideration in assessing a project’s feasibility. Currently, UK developers carry the risk of a planning refusal and the associated application costs being lost. The Abortive Planning Costs Product transfers this financial exposure to the Insurer, allowing the developer to ringfence potentially significant expenditure for a known premium.

This new and innovative product is provided with capacity from Great Lakes Insurance SE rated ‘AA-’ (S&P), an arm of the Munich Re Group. Typical costs covered may include:

– Preliminary Site Investigations

– Planning Fees

– Project management costs associated with the proposal including Planning Consultants, Architects, Highways Consultants, Ecological Consultants, Surveyors, Flood Risk Engineers, Landscape Architects, Acoustic Consultants, Land Contamination Consultants, Accountants costs

– Legal Fees

– Payments for exclusive negotiating rights

– Costs associated with market research

Chris Gwynn, Lead Underwriter for CLS Risk Solutions, comments: “For the first-time developers, lenders, investors, and their brokers can purchase an ‘AA-’ rated policy to cover the costs associated with a refused planning application. This new product provides an indispensable tool for developers looking to manage the uncertainties involved in the planning process and can be combined with CLS’s existing judicial review, legal indemnity, rights of light, and environmental products to offset the risks associated with a development.”

John Quinlan, Director at Team Partnership, comments: “We are delighted to be partnering with CLS to bring this exclusive product to market. Their innovative approach to underwriting combined with expertise in legal indemnities, and of course their access to some of the most secure capacity available on the market, makes this unique product very attractive for brokers and any of their clients involved in real estate development.”

MGA CLS Risk Solutions removes uncertainty from property transactions and development projects by combining data, legal knowledge, technology and insurance capacity to create products and solutions for the UK and European property markets. Launched in 2010, it is a leading MGA with delegated authority from ‘AA-’ rated Munich Re capacity providers. Its products enable the client to define, quantify and transfer risk that is otherwise capable of frustrating the acquisition, funding, development or disposal of a real estate asset.

For further information please contact: SJ Wrigley at Spotlight Consulting on 07909546104 or sj@spotlightconsulting.co.uk

Berkeley Alexander adds Azur to its panel of insurers

General insurance provider, Berkeley Alexander (BA), has today announced it has added Azur Underwriting Ltd to its growing panel of mid-net-worth (MNW) and high-net-worth (HNW) insurers. By partnering with Azur, its customers now have access to Smart Home which is a comprehensive policy targeting the emerging wealth market.

Subject to standard underwriting conditions, the policy is warranty free; it offers unlimited contents, blanket buildings and global all-risks cover and it also tackles emerging risks by automatically providing personal cyber cover.

Mark Hutchings, Managing Director of Berkeley Alexander, said: “I’m delighted to welcome Azur to the panel. We now have access to over 15 markets for MNW/HNW alone, with a range of different policy features, so brokers and advisers can grow with their clients and continue to meet their changing needs. We see emerging wealth customers as future HNW and as an opportunity to provide advice and service to a demographic that has traditionally been underserviced.  We are working with mortgage brokers and advisers to help them open up and explore general insurance opportunities within this important client demographic.”

Berkeley Alexander has one of the widest choices of quality general insurance policies available anywhere in the market to suit every level of customer need and budget.

Patrick Cloughley, Head of Broker Engagement at Azur Underwriting Ltd, comments: “We are delighted to join the Berkeley Alexander fold. They are a general insurance provider with a solid reputation in the market for quality, choice and service. Our HNW products will give them and their broker partners a new competitive edge that offers insurance fit for the 21st century.”

For further information please contact:

SJ Wrigley, Spotlight Consulting:  sj@spotlightconsulting.co.uk     07909546104

About Berkeley Alexander Ltd:

Berkeley Alexander Ltd is a general insurance provider, offering IFAs and mortgage brokers a wide range of personal and commercial lines of insurance.  Drawing on a large number of insurers, it’s known for its broad range of competitively priced products, and for its innovative approach to distributor partnerships.

Momentum hires John White in central role

Momentum Broker Solutions, the fast-growing broker network, has appointed John White as Broking Operations Manager.

John joins from Swinton where he spent 15 years, both as a branch manager in Nottingham and Leicestershire, and latterly in senior operations roles.

In his new role as Momentum Broking Operations Manager, John will assume responsibility for resource, training and personal development of its 30-plus strong broking team and will be focussed entirely on helping the team deliver the highest quality of service.

Momentum Managing Director, Howard Pepper, commented: “I’m delighted to welcome John to the team. Providing a high quality service is at the heart of Momentum and is a key element of our growth strategy. We are now at a stage where we need an experienced manager to ensure that we maintain focus on service as we continue to grow.”

John joins Momentum at an exciting time for the company.  Having doubled in size over the past three years, placing in excess of £35m gross written premium in 2019, Momentum’s broker partners continue to enjoy high growth levels, achieving on average 18% growth compared to the industry average of just 3%.

Howard Pepper continues: “We are continuously investing in the right technology, processes and people so that our partners can focus on new business and client service. This helps them to achieve growth rates well above the industry average, and it is why Momentum is increasingly recognised as the natural home for the small independent broker – and a more attractive option than traditional direct authorisation. John’s appointment is an important next step in our continued future success.

For further information, photography or to arrange an interview, please contact:

SJ Wrigley on 07909546104 or at sj@spotlightconsulting.co.uk

CLS Hires Best for MD Role

 

Press release: CLS Risk Solutions (CLS RS), a leading MGA for specialist transactional property risk solutions, has announced the appointment of Rob Best as Managing Director of its UK operations.

Rob joins CLS with more than 30 years’ experience in the insurance market. Well-known and respected in the market, Rob has led the Casualty and Environmental businesses of JLT, AJ Gallagher and most recently WTW.

Latterly, Rob has been a consultant to the industry and during that time assisted CLS last year with a review of its environmental product. In his role as Managing Director for CLS Risk Solutions (UK), Rob will be responsible for leading the business into its second phase of growth to reach its target by 2021. He joins the board of CLS Risk Solutions and will report directly to the group CEO, Tom O’Connor.

Tom O’Connor, CEO comments: “CLS Risk Solutions has an enviable reputation with the top brokers in our chosen markets, for innovation and expertise. We are recognised as leaders when our clients are faced with a complex transactional property risk.   We are on a mission to raise awareness amongst brokers of the very significant opportunities that exist for them across lines such as Environmental, Legal & Structural Indemnities, Public Law and Rights of Light. With a terrific insurance pedigree and enviable contacts across the broker market, Rob will be instrumental in leading the charge for closer collaboration with the broker market. We warmly welcome him on board.”

Rob Best comments: “The product set which CLSRS provides and the opportunities these offer for growth is very exciting. Tom’s appointment last year set a clear strategy to drive growth both for its broker partners and across the CLS group. I strongly believe 2020 will be a year of great change in the market. The challenge and opportunity which prevail in the current market climate make it a most exciting time to be working in insurance and CLS, along with its capacity and broker partners, are perfectly placed to take full advantage of the flight to quality which is now gaining momentum.”

CLS Risk Solutions removes uncertainty from property transactions and development projects by combining data, legal knowledge, technology and insurance capacity to create products and solutions for the UK and European property markets. It is a line of insurance where interest has exploded in recent years with both the retail and commercial property market booms and a heightened awareness of the products’ capabilities.

-ends-

 

Notes to Editors

For further information please contact:

SJ Wrigley at Spotlight Consulting on 07909546104 or at sj@spotlightconsulting.co.uk

 

About CLS Risk Solutions

CLS Risk Solutions is a leading MGA creating and providing risk solutions for real estate development projects and transactions. Established in 2010, it is part of the successful CLS group with a turnover of circa £40m, employing 110 staff, with 8 businesses in 5 offices.

Its products include Legal Indemnities, Structural indemnities, Rights of Light Indemnities, Environmental Indemnities and Judicial Review/Planning Law Indemnities. Each product enables the client to define, quantify and transfer risk that is otherwise capable of frustrating the acquisition, funding, development or disposal of a real estate asset.

CLS RS has an established reputation for innovation, expertise and service. www.clsrs.co.uk

The CLS group includes seven interdependent businesses working in close collaboration:

  • CLS Property Insight: a leading supplier of searches, insurance and data services to the UK property legal market
  • CLS Data: Innovative solutions and products for the lender and surveying market
  • Future Climate Info: Environmental Information market leader through progressive environmental data aggregation and supply
  • D-Risk: Powerful land risk insight with future-proofed environmental risk appraisal for commercial real estate and financial institutions, injecting expert opinion from acquisition through to divestment.
  • Conveychoice: an exclusive platform for intermediaries to offer expert conveyancing services to clients through a panel of the most established property lawyers in the UK
  • CLS Risk Solutions UK: a leading MGA for bespoke legal indemnity and transactional property risk solutions
  • CLS Risk Solutions Europe: legal indemnities for renewable energy projects and real estate transactions in Europe
  • CLS Group Services: One-stop service company for the CLS group companies and their commercial partners

 

 

 

Berkeley Alexander signs up Midas

General insurance provider, Berkeley Alexander (BA), has today announced it is adding Midas Underwriting to its online panel of providers, making the Midas Jewel and Midas Crown products available to its agency base.

Midas Jewel offers blanket cover of £500,000 for Buildings Cover and £60,000 for Contents cover and cover above these blanket limits is available on a specified sum insured basis. The product caters for those risks that do not meet standard household criteria, including buy to let, unoccupied properties, holiday lets, renovation projects, and properties that have suffered subsidence. Midas Crown offers more bespoke cover on a specified sum insured basis.

Under the terms of the agreement Midas will also join Berkeley Alexander’s market leading panel of commercial and non-standard insurance providers.

Mark Hutchings, Managing Director of Berkeley Alexander, said: “I’m delighted to welcome Midas to the panel. Midas is an underwriter with long term delegated authority that speaks volumes about its reputation and quality underwriting. Through our panel, brokers have access to one of the widest choices of quality GI policies available anywhere in this sector of the market to suit every level of customer need and budget.”

Ant Sherlock, Head of Key Accounts, Midas, comments: “We’re happy to be able to offer our products via Berkeley Alexander. Like us they are wholly focussed on working in partnership with the broker market to provide flexibility and choice of quality niche products. We look forward to working closely to grow our book together.”

For further information please contact: SJ Wrigley, Spotlight Consulting: sj@spotlightconsulting.co.uk 07909546104

About Berkeley Alexander Ltd:

Berkeley Alexander Ltd is a general insurance provider, offering IFAs and mortgage brokers a wide range of personal and commercial lines of insurance. Drawing on a large number of insurers, it’s known for its broad range of competitively-priced products; and for its innovative approach to distributor partnerships.

Hilltop Finance launches into Insurance with Cavere Intermediary

Hilltop Finance, the Manchester based financial advice firm specialising in Pensions and Retirement Planning, has launched its first ever home insurance product in partnership with GI provider Cavere Intermediary.

Cavere Intermediary has designed, delivered, and will fully manage the bespoke white-labelled home insurance product, underwritten by RSA and 5 star rated, using its cutting-edge proprietary Magenta technology. Cavere will also deliver face-to-face coaching to Hilltop’s advisors, and under the terms of the deal Hilltop will also have access to its bespoke product training system for online training. Training will ensure that Hilltop’s team of advisors sell with confidence and deliver sound accurate advice based on a deep understanding of the product.

Mark Hawkins, Director at Hilltop Finance, commented: “We’re delighted to launch our first insurance offering with Cavere Intermediary. It’s a fantastic complementary addition to our existing range of pension services, offering high quality cover, designed to meet the specific needs of our target market at a competitive price. Treating customers fairly is central to our corporate culture, Cavere is a like-minded partner in this regard and our customers are safe in their hands. Likewise by providing our advisors with product training they’re helping ensure that our customer are always provided with clear information and advice. ”

Paul Thompson, Managing Director at Cavere Intermediary, comments: “Hilltop are a fantastic example of a business that is diversifying to meet customer needs, and I couldn’t be more delighted that they chose Cavere as their partner. Together not only are we providing Hilltop customers with access to a 5* home insurance product, as well as slick technology-driven administration, but most importantly a focus on service, quality and value that ensures they will always receive the best experience possible.”

For further information please contact: Kelly Prior at Spotlight Consulting: kelly@spotlightconsulting.co.uk or 07730 572878

About Cavere Intermediary

Cavere Intermediary, part of the Cavere Group and trading style of Cavere Ltd, provides a range of wholesale General Insurance products for Brokers and Intermediaries. All Cavere Intermediary policies are highly rated and backed by leading insurers.

Cavere Intermediary leads through technology innovation, and championing creative ideas and solutions that enable its partners to differentiate their proposition in the marketplace.

Based in York, Cavere Intermediary is authorised and regulated by the Financial Conduct Authority.

Schemes Data Highlights Most and Least Profitable Schemes for Brokers This Year

SchemeServe, a leading UK based InsurTech specialising in insurance schemes software, has released data from its first annual Schemes Premium Index, highlighting the most and least profitable schemes for brokers.

The Index spans 24 separate lines of insurance as currently managed on the SchemeServe platform during the period May 2018 up to the end of August 2019.

Based on the data, the most profitable lines were Excess of Loss, Employers’ Liability and Public Liability. The least profitable lines were Household and Caravan (although premiums for Caravan have been rising). Average premiums have risen most dramatically at renewal for Excess of loss and Caravan.

Public Liability offers the highest commission percentage at renewal at 22.3% up from 16.9% at policy inception. An average first premium for Excess of Loss Liability was £84.99 with renewals at an average £302.41. Brokers’ commissions also increased here from £15.52 at first placement to £52.69 at renewal, an increase of more than 240%, making this the most profitable scheme for brokers based on this data.

Data on Employers’ Liability schemes show that brokers earnt a little over double the commission (229%) at renewal, with renewal premiums averaging £963 up from the first premiums of £419. This makes it the second most profitable scheme for brokers during the period.

John Price, COO of SchemeServe, comments: “The increase of premiums at renewal on excess of loss could be driven by businesses growing and increasing the number of staff over the 1st year of trading. Those increases in staffing levels are reflected in Employers’ liability product figures as well. It’s well worth nurturing these businesses particularly when one

considers the commission increase. Excess of loss Liability appears to be a good news story for small businesses in the UK and brokers alike.”

In other highlights from the data, renewal figures on Cyber are surprising: commission rates are 20.1% at renewal up from 4.9% at inception, but despite this, of 170 policies sold a year ago, only two renewed and they renewed at a lower value.

Event Insurance too was notable. Last year the average first premium for Event Insurance was £84. This increased to £302.41 for this year. The average commission earned from these extra policies has also increased to double that of the previous year.

John Price continues: “The figures clearly show that Cyber policies are suffering widely. In my view this is because no one really understands the implication of having the cover. Often there is an element of Cyber cover in liability policies and people believe that enough cover is already in place. Some basic policies only cover the cost to fix the attack, but not the repercussions more widely of loss of trust by customers in businesses that suffer data breaches, for example. The profession needs to work much harder at explaining the high risk and balance the ‘it couldn’t happen to me’ thinking with the importance of having appropriate cyber cover in place. It needs to be very near the top of businesses’ lists of things they need, and not at the bottom as an afterthought.

“Event Insurance is an interesting one; we are ignoring Public Liability premiums here and looking just at insurance to cover the event risks, but nevertheless, the amount of insurance taken out to cover contingencies has shown a marked increase. We clearly like events as a nation and with a large increase in, particularly outdoor, events this year – it’s been a good summer for Brits and the brokers with Events Insurance schemes that serve them!”

The data comes from the first SchemeServe Index which will be an annual pulse check on the Schemes market. Established since 2001, SchemeServe operates more than £150m of gross written schemes premium for brokers, insurers and MGAs via its cloud based platform.

SchemeServe works with brokers, insurers and MGAs and has long been the platform of choice for those operating delegated authority schemes because it allows them to get schemes up and running in a matter of days and make any updates (rate changes, changes from regulatory demands, or launch new products, for example) quickly and securely.

 

For further information please contact: SJ Wrigley:
sj@spotlightconsulting.co.uk or 07909 546104

 

About SchemeServe

SchemeServe is a leading cloud based provider of software to the insurance industry which has grown to operate more than 200 schemes and £150m of gross written premium per annum. SchemeServe is a white-labelled administration, distribution and underwriting SaaS solution for those operating delegated authority schemes business in both personal and commercial lines.

The company’s ‘Scheme Tailors’ are all experienced insurance professionals and using SchemeServe they work with brokers to design bespoke white labelled solutions for customers in double quick time.

The SchemeServe philosophy is Remarkable Schemes Made Simple.

UK based InsurTech Expands in Asia

Inzura opens offices in Thailand and Singapore and hires high profile Business Development Director.

Inzura, the UK based InsurTech, has today announced that it is expanding its footprint in Asia, opening new offices in Thailand and Singapore. Inzura has already established a strong brand presence in the region with customers including Sompo Holdings, Asia Chubb, Syn Mun Kong and Muang Thai Insurance, one of the largest Thai motor insurers.

The expansion will enable Inzura to take advantage of the growing demand from Asian Insurers to embrace advances in technology and take a digital-first, data driven approach to insurance provision.

Since the start of 2019 Inzura has signed new memorandums of understanding (MOUs) with Thailand’s largest broker TQM, Malaysian start-up insurer Ouch! and Kuala Lumpur based Merimen. Building on this momentum the addition of a new office in Singapore, will serve as a vital hub for the company as it continues its expansion and establishes Inzura as the InsurTech solutions provider of choice in the region. Inzura is looking for dynamic Asian insurers and brokers who are looking to gain an edge by leveraging data, AI, engaging smartphone apps and telematics that improve efficiency and customer experience – all key areas where Inzura can help.

To assist in spearheading this growth, Inzura has appointed Nicholas Lee as its new Business Development Director for Asia, based in Singapore. Nicholas, a well-known veteran in the market with 20 years’ experience working with some of the biggest names in the Asian insurance markets, will work alongside Bundid Sujirapinyokul, Inzura’s Managing Director in Thailand. Nicholas has held numerous senior roles including Head of Broking at Sompo Insurance, Director at global health insurer Aetna Global Benefits, Senior Manager at AXA Insurance Singapore, and Assistant Vice President for Lockton Companies (Singapore).

Richard Jelbert Inzura CEO said: “Asia is emerging as a hub for InsurTech innovation. Regulators in the region are actively promoting digital innovation and consumer use of digital channels is growing rapidly. Inzura has for some time been a shining light on British InsurTech innovation in the region, but with strong investment behind us, a new office in Thailand and new regional hub in Singapore, we’ve a platform from which to capitalise further on demand for our products and services.

“Our mission is to help Asian insurers and brokers step into digital the right way, leveraging robotic process automation, AI and Machine Learning for data driven actionable insights that improve efficiency, pricing, and the customer experience. Our exciting white-labelled products include policy validation apps, app-based telematics, gamified driver engagement solutions and connected dashcams. We are excited by the potential offered by Asia’s dynamic and growing insurance market, and acceptance of a digital-first approach.”

For more information on Inzura, please contact:

Kelly Prior, Spotlight Consulting, at kelly@spotlightconsulting.co.uk 07730572878

SJ Wrigley, Spotlight Consulting, at sj@spotlightconsulting.co.uk 07909546104

About Inzura

Inzura.ai is an InsurTech company that helps insurers and intermediaries quickly deploy advanced smartphone-centric digital insurance products to maximise user engagement and company profits. Inzura supports a one-app, multi-insurance-line approach to enhance existing insurance products, as well as a flexible on-demand engine for new insurance products and business models. The Inzura Digital Insurance Platform is a flexible product delivery engine and includes; white-label native apps for Android and iOS, operational infrastructure, app-based telematics / UBI, a digital media vault with photo recognition powered by advanced machine learning and AI.

Since its launch in December 2015 Inzura.ai has rapidly made a name in the emerging digital transformation space with Analyst firm Ptolemus ranking Inzura at number 3 in Europe (UBI Technology Service Provider 2018), and Digital Bridge listing Inzura as a Key Market Competitor (top 25) in their report on digital Insurance Platform providers in 2019. Inzura continue to innovate and recently announced its integrated Telematics and Dash Cam solution via its partnership with MiTAC Digital Technology Corporation (MDT) of Taiwan, the world’s largest dash cam manufacturer.