Global re/insurance trusted advisor, Pro Global Holdings Limited (Pro), is pleased to announce that UK specialist commercial insurance provider for the SME market, Aurora, is being supported in its growth ambitions by Pro’s expert independent Managing General Agent incubator subsidiary, Pro MGA Global Solutions.
Based in the UK, Aurora is a managing general agent (MGA) providing simple, affordable and flexible business insurance for the SME sector through a first-of-its-kind holistic digital platform. Aurora works with customers on a direct basis or via selected broking partners, catering to micro, small and medium businesses.
The partnership sees Aurora operate as an Appointed Representative under the FCA permissions of Pro MGA Global Solutions, which provides regulatory oversight, compliance and back office services.
Danny Maleary, CEO of Pro MGA Global Solutions, said: “I’m delighted that an insurtech of Aurora’s calibre and innovative thinking has partnered with Pro MGA Global Solutions to support its growth ambitions. The talented team at Aurora have identified a gap in the market for SME commercial insurance, and have developed a really compelling end-to-end answer for all elements of SME business insurance.
We’re here to enable that vision with our network contacts, business and technical skills providing operational and entrepreneurial support for the Aurora team. We love working with dynamic thinkers that harness the power of technology to make things better, faster and easier for consumers and the insurance sector, and I’m looking forward to working with Jan and his team as they continue their exciting growth journey.”
Jan-Vincent Finn, Co-Founder and CEO of Aurora, said: “There is a recognised need for personalised, real-time quotations in the SME commercial insurance space. Our intention is to empower consumers with choice, giving consumers the ability to choose their coverage and insurer. Together with data driven education and insight, we allow customers to transfer and mitigate risk in an informed way.
It’s a pleasure to work with Danny and the team at Pro MGA Global Solutions, who also understand the unique proposition Aurora is bringing to the market, and the scale of the opportunity we are targeting, particularly as many SMEs are riding out volatile conditions while trying to position themselves for growth in the months ahead. The operational, regulatory and technical support of the Pro MGA Global Solutions team will undoubtably add significant value to Aurora.”