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

RT @Bdaily: [email protected] calls for closer ties between London and San Francisco #tech communities to boost #diversity and inclusivity ht…

Temperatures are set to drop across London tonight - if you see someone sleeping rough in this cold weather,… https://t.co/vGj5OrEkEm

An inclusive tech workforce makes business sense. Join London as we collaborate with our partners to promote greate… https://t.co/aoN8jaHQ0c

Anker unveils PowerWave fast wireless chargers for iPhone and Android https://t.co/eCfgVf7Frk https://t.co/j67BYSieSm

March update from Microsoft warns of remote code execution flaw that affects CredSSP - Video https://t.co/iNHSUDIE3x https://t.co/dkloTcBNZs

Tech.London Weekly