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 @e_nation: Five reasons to do business in Singapore: @emmaljones blogs on @techdotlondon https://t.co/9wxe2MGICo #GoGlobalSGP

Thanks @QuentinBlakeOfficial for bringing the spirit of #LondonIsOpen to life so beautifully this summer →… https://t.co/OZ3KK0nTxX

Mayor of London announces measures to boost #digital #connectivity across the capital #LTW https://t.co/IIFx3GbtwP

Boutique hotel sites for booking holidays with heart https://t.co/BkfKXJc2n7 @smithhotels @TabletHotels @turasoir… https://t.co/SH2ub0izMQ

GitHub seeks to spur innovation with Kubernetes migration https://t.co/zBwzft4VHI by @stephcondoncbs

Tech.London Weekly