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.
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.
About the Advisory Panel
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.
Advisory Panel purpose
To make the UK a global leader for insurtech innovation.
Advisory Panel guiding principle
We will drive high impact projects designed to accelerate growth and innovation.
Advisory Panel 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)
Our workstreams
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
State of the sector
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 and our annual Investment Day connecting VCs and institutional investors with the latest innovations across our member firms.
Encouraging partnerships
Our annual Partnerships Day brings together leading insurers and innovative insurtechs to share insights and success stories from working together in an evolving landscape and feeds into our members-only Partnerships Directory, which aims to help facilitate connections between insurers and insurtechs.