Insurtech UK Logo
Red dots columns

Advisory Panel

The Insurtech UK Advisory Panel is made up of senior insurance and insurtech leaders. It meets quarterly to drive our high impact projects to promote and grow the UK insurtech sector.

The Insurtech UK Advisory Panel

The Insurtech UK Advisory Panel is a voluntary group of senior insurance and insurtech leaders that works to support the growth of UK insurtech, driving initiatives that promote economic growth, boost productivity and underpin economic and societal resilience.

Membership is consciously drawn from across the insurance ecosystem, with a diverse range of organisations represented.

The Panel meets quarterly to discuss progress on our workstreams.

Our workstreams

Partnerships

Creating partnerships

Access to finance

Access to finance

Access to capacity

Access to capacity

Scaling overseas

Scaling overseas

About the Advisory Panel

Our Advisory Panel convenes senior leaders from across the insurance industry to progress strategic priorities for the future growth of UK insurtech.

Working together to address industry challenges and to amplify opportunities, the Panel defines and delivers projects in key areas that will have the greatest impact on the insurtech sector’s ongoing development

Our purpose

To make the UK a global leader for insurtech innovation.

Our guiding principle

We will drive high impact projects designed to accelerate growth and innovation.

Our strategic priorities

Our current areas of focus include:

  • stimulating investment (encouraging greater capital flows from the full range of sources- angel, corporate, institutional and government)
  • expanding underwriting capacity (understanding the current landscape and exploring how best to keep innovation flowing)
  • enhancing partnership potential (building on work to simplify and enable more pilots and partnerships between insurtechs and incumbents)
  • facilitating overseas links and partnerships (enabling more insurtechs to scale internationally)

The history of the Advisory Panel

The Advisory Panel originated in 2018 through initial funding from HM Treasury for an Insurtech Board to encourage the then-nascent sector to collaborate on the big issues facing the future of insurance innovation.

As insurtech has matured, Insurtech UK has taken up the mantle of this important initiative, integrating the its ambitions into the core aims of Insurtech UK and strengthening the collective voice of the insurtech community.

Ways of working

The Panel meets as a collective quarterly to review the landscape for insurtech in the UK and to oversee and update its programme of work.

Alongside these meetings, project calls are held with relevant Panel members on an ad hoc basis according to the requirements of each thematic area.

To hear more about upcoming projects, or enquire about joining the Panel, please contact us.

Key achievements

Sector benchmarking

The flagship report The United Kingdom: The Nexus of Insurtech was scoped and supported by interviews with Advisory Panel members. This important report sets out the scale of the UK insurtech sector and its contribution to the economy, and explores what next steps are needed for future success.

Boosting investment

Our work to help members to access funding includes collaborating with the UK Business Angels Association to educate potential investors about insurtech trends. Meanwhile, creation of an Insurtech Lookbook with the UK Department for Business and Trade is resulting in significant interest from overseas investors.

Encouraging partnerships

Our first Partnerships Day in 2024 was a huge success and resulted in the creation of our members-only Partnerships Directory. The directory aims to help facilitate those valuable connections between insurers and insurtechs, and is packed with top tips for building successful partnerships.