In a further sign of the global partnerships being forged by UK insurtechs, ThingCo, the start-up launched by Mike Brockman to develop the next generation of telematics technology hosted a delegation of eighteen members from the Insurance Association of China (IAC) in London on Friday 26th and Saturday 27th October.
The visit, which was co-ordinated with the support of Sam Radwan of Enhance International, showcased London’s bustling insurance community and follows the recent announcement of ThingCo’s partnership with Chinese insurer Tk.cn.
As part of a packed Agenda, Mike Brockman and Richard Trebble, ThingCo’s partnerships director, arranged for the delegates to visit the Financial Conduct Authority (FCA), Lloyds of London and the Chartered Insurance Institute (CII). On Saturday the group attended a ThingCo presentation to better understand the road blocks as well as the benefits of telematics to the Chinese insurance community.
Commissioned by the relevant government departments, the IAC organises and formulates industry quality and service standards, technical specifications and regulations in accordance with the relevant laws and regulations of China. It is a non-profit and a national self-regulatory organisation with 396 insurance company, agency and association members.
ThingCo founder and CEO Mike Brockman says of the visit, “It is an honour to welcome delegates from the IAC to London. While we have global ambitions for ThingCo, we are proud to be a UK business and it will be a fantastic opportunity to showcase the innovations emerging from this world class insurance market.”
Brockman continues, “We want to use this opportunity to foster relationships with key contacts in the Chinese insurance industry and demonstrate our credentials as part of an industry that is changing the shape of motor insurance around the globe.”