5 UK tech firms disrupting the insurance sector

Mar 17, 2017 · http://techcitynews.com

Screen shot 2017 03 17 at 10.27.46

The world of insurance tech – or ‘InsurTech’ – entered a flurry of excitement this week as British firm Simply Business, which provides online insurance for small and medium-sized businesses, announced it was set to be acquired by US giant Travelers for £400m – more than three times the sum it sold for last year.

Founded in 2005, the firm sells insurance to hairdressers, handymen, and other small traders. It is one of many InsurTech firms that is said to pose a threat of ‘digital disruption’ to bigger, more-established companies.

Indeed, Tuesday’s purchase was seen by some in the insurance industry as a sign of nervousness among larger firms, with better-established outfits like Travelers keen to jump on the rising InsureTech bandwagon.

Click below for five other UK tech firms innovating in insurance.

Read Complete Article

Looking for a new gig? Only a few days left to grab your FREE ticket to @Jobbio #HIGHER17 on 28 Sept!… https://t.co/g1417erfyG

All private-hire operators in London need to play by the rules. The safety and security of Londoners must come first https://t.co/Ovenhu3iHM

News UK launches #startup accelerator based at @unrulyco offices #LTW https://t.co/jLDc7P9Q2L https://t.co/matfh4vl9Y

Inside an illegal school: I was hit by a spoon or stick daily, former student says https://t.co/WjeGvv132Q

Another Verizon leak exposed confidential data on internal systems https://t.co/qtxwhBFgxY https://t.co/sUVkOdJphx

Tech.London Weekly

×