An advisory panel on all things insurtech is one of those good ideas that makes sense the moment you say it. Luckily Insurtech UK has just formed a panel, which should be a great info resource for many start-ups of the future. Here’s the word;
The newly formed Panel aims to build on the initiatives of the Insurtech Board, whilst developing a more active day to day relationship with Insurtech UK in supporting the common goal of promoting the UK as a global leader for insurance innovation.
Insurtech UK has announced the creation of the Insurtech UK Advisory Panel – a voluntary group of senior insurance and insurtech industry leaders – to support the sector’s growth and to work on initiatives designed to promote how insurtech can support economic growth, boost industry productivity and underpin economic and societal resilience.
COLLABS ARE GOOD, VOICES OF EXPERIENCE EVEN BETTER
The Advisory Panel is designed to build on the good work of the Insurtech Board that was supported by Tech Nation, the HM Treasury supported growth platform for tech businesses in the UK. The Tech Nation Insurtech Board focused on collaborative initiatives to promote the UK insurtech ecosystem, helping insurtechs scale and creating an innovative environment to best position insurtechs to flourish. In order to fulfil growing ambitions created by a fast-growing sector, Insurtech Board members believed that partnering with Insurtech UK and its 120+ members was a good opportunity to deliver on these objectives.
The Advisory Panel will retain its full membership from the Tech Nation Insurtech Board and will sit independently from the executive structure of Insurtech UK. It will provide high level strategic advice on key issues to support the Insurtech UK Council and Working Groups and will work collaboratively on projects that will benefit the UK insurtech sector.
Insurtech UK believes that having a united voice representing UK insurtech will improve the sector’s ability to communicate with Government and industry, in addition to allowing Insurtech UK to pursue more ambitious opportunities to provide value for its members and support the growth of the sector.
Louise O’Shea, CEO of Confused.com and Chair of Insurtech UK Advisory Panel, said:
“I am delighted to Chair the Insurtech UK Advisory Panel and to bring the full Tech Nation Insurtech Board membership with me into this new Partnership. When presented with the opportunity to combine the experience and expertise of the Advisory Panel with Insurtech UK’s 120+ members to represent the sector and work collaboratively on key issues, it was a no-brainer to proceed with this partnership. I’m excited to get started and to kickstart the initiatives we have been planning to support this brilliant, globally leading sector.”
Luisa Barile and James York, Co-Chairs of Insurtech UK, commented:
“We are both delighted to welcome the Advisory Panel into the fold of the Insurtech UK community. We truly believe that consolidating the sector’s voice will strengthen our ability to work with Government, industry and Regulators to create the best possible atmosphere for insurtech businesses to thrive and we look forward to working with the Advisory Panel to deliver on these objectives.”
Gerard Grech, Founding Chief Executive at Tech Nation, added:
“Tech Nation set up the Insurtech Board to accelerate the UK’s position as a global leader in insurance through growing investment, creating partnerships and facilitating innovation. We are delighted that this initiative has developed into the Insurtech UK Advisory Panel. As the UK’s growth platform for tech companies and their leaders, Tech Nation is continuously working to support and grow the UK’s tech economy, and we are excited to continue to promote, champion and develop insurtech as an important pillar of that economy through our participation with the Advisory Panel.”