Founded in 2016 and based in London, 91探花 is where decision-makers, investors and startups of all sizes come to find out the latest developments and trends within the industry.聽

91探花 are delighted to announce our InsurTech30 2023 roundup, celebrating the U.K. and Europe鈥檚 most innovative InsurTech companies.

Thank you to our judges: Josh Hart (YuLife), Sara Costantini (CRIF) and Alice Busvine (91探花) for your time and effort to confirm our list of outstanding finalists.

Feedback From The Judges

“An enormous amount of innovation is taking place across the insurance supply chain, these nominees represent millions of hours spent looking to elevate this traditional market. I have thoroughly enjoyed researching each of these businesses, and have immense respect for those that work for them.

“At YuLife, we strive to build a world we want to live in and I am inspired to see so many carrying that flame. A couple of businesses of note, I’ve thoroughly enjoyed watching Zego and WeFox make waves in their respective markets. When looking ahead, I’m excited to see Laka bring their new model of insurance across wider products. Lastly, my love of those looking at our impending climate crisis and looking to enable businesses to keep operating in these challenging times gives me the utmost admiration of the team at FloodFlash.”

–Josh Hart, CTO at YuLife

鈥淛udging these awards has been a fantastic experience. It was good to see so many insurtechs across Europe innovating in new areas, to provide insurance services to niche and underserved groups with specific needs. Congratulations to the winners and everyone who took apart in this year鈥檚 awards!鈥�

– Sara Costantini, Regional Director UK&I at CRIF

See The List

Top 10 鈥撀�See Here >>

Top 15 鈥� See Here >>

Top 30 鈥� See Here >>

For any questions, comments or features,听please contact us directly.

Thank You To Our Judges!

For any questions, comments or features,听please contact us directly.

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Founders: David McDonald and Theo Duchen

Website:
 

About Acturis

 
As the UK鈥檚 leading Software鈥揳s鈥揳鈥揝ervice provider for general insurance, we know a thing or two about making markets tick. For the last 20 years, working with brokers, insurers and MGAs, we鈥檝e helped create and shape the market of today. And together with our partners, we鈥檙e creating the market of tomorrow.

We don鈥檛 just connect markets, we create them. To be more efficient, effective and profitable for everyone involved.
Software in insurance has a mixed track record, often increasing, rather than reducing, the workload. We created Acturis on the basis that whatever the tech and, whatever its application, it had to improve the business experience.
Since day one, we have been doing the hard work behind the scenes to allow our clients to focus on what is most important 鈥� running their business in the most efficient and effective way possible.

The Acturis system re-uses data across all document types and allows you to generate branded documents, emails and SMS automatically, all of which are held in your integrated document management facility.
 

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Founder: Dr Avi Baruch

Website:
 

 

About Previsico

 
Our story began in 2001 when Previsico Co-founder Prof. Yu pioneered a 2D flood modelling software which has become a widely used and cited software by academics and practitioners. In 2014, following devastating floods in Somerset, the Cabinet Office approached Loughborough University to help develop the next generation of flood forecasting technology.

The challenge with existing forecasting technologies is that because every storm is different, hourly changes in weather patterns can cause floods which are not detected using traditional forecasting approaches. Through a series of research projects at Loughborough University, a cutting-edge flood forecasting technology was developed to solve this.

This models flooding in real-time using a combination of rainfall nowcasts and forecasts to deliver continuously updated warnings. In 2019, Prof. Yu and Dr Avi Baruch co-founded Previsico as a spin-out from Loughborough University to achieve our mission of preventing avoidable flood impacts globally. With funding from Innovate UK, and Advantage Business Angels, Foresight Group we have rapidly grown to become a global provider of cutting-edge forecasting servicing helping insurers, businesses, governments and humanitarian organisations mitigate flood impacts.

We are a passionate and highly skilled team. Our backgrounds cover academia, business development, flood modelling, programming, GIS analysis, user experience and product development.

Our products and services include:

• Receive email warnings when flooding is forecasted at your location, up to 48 hours in advance. This warning will allow you to take action to minimise flood impacts. Warnings include forecasted depth, time and duration of flooding.
• The Flood Dashboard displays our unique nowcasts and forecasts in an easy-to-view format, accessed from anywhere via your web browser. Our Flood Dashboard enables you to visualise how a flood situation evolves hourly across a 48-hour period. Government warnings for main river and coastal flooding are presented alongside Previsico鈥檚 forecasted outputs for surface water and ordinary watercourse flooding, providing users a holistic overview of multiple flood perils to support event response coordination. This platform provides you with the tools you need to prepare and respond to a flood event.
• To enhance our flood resilience solutions, Previsico鈥檚 depth sensor solutions utilise connected devices that provide high-confidence data on the timing and nature of flood events. Devices are set to generate warnings when flood water reaches pre-set thresholds that are agreed between you and our experts, ensuring devices are correctly configured in-line with your requirements.聽聽Our unique solution provides full diagnostics with each reading, meaning the data can be verified in near-real-time. This removes the uncertainty that exists around depth measurement reliability and ensures full confidence in the data.

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Founder: Julian Teicke

Website:
 

 

About wefox

 
At wefox, we make insurance fit you. Not the other way around. And wefox experts are on hand to provide any advice you need.

Life has countless surprises in store for us. If things don鈥檛 go to plan, you can rely on us to be by your side as a reliable partner.

Because insurance is a beautiful thing. It protects what鈥檚 most important. It鈥檚 about lives and livelihoods, about better opportunities and second chances. Insurance makes a better, safer future possible. For all of us.
wefox is here to change insurance forever and redefine it in a scalable way!

wefox is a strong collective of experts from all areas: insurers and tech companies, consultants and programmers, dreamers and doers, misunderstood geniuses and daring rebels.
All with the common goal of making the world a better place.

• We are authentic: We鈥檙e experts. We鈥檙e digital pioneers. But, above all, we鈥檙e human 鈥� just like you. That means we stand behind our decisions 100%.
• We make things possible: The insurance world needs a makeover. We鈥檙e challenging the status quo. Insurance needs to get back to its roots 鈥� safety. For everyone.
• We communicate clearly: We like things to be simple. And that鈥檚 how we鈥檒l communicate with you. Hidden contractual clauses and unclear insurance confusion? Not with us.
• We are team players: We don鈥檛 exclude insurers from the market. Or compete with them. To make insurance 10x better for everyone, we need to work together.
• We are focused: We act in a solution-orientated way and are open to new ideas. We use data and the latest technologies to measure and understand our progress.

Weft is your navigator through the world of insurance. Insurance companies are ten a penny. If you鈥檙e stuck trying to decide, we鈥檙e here for you. You can get an initial overview of the products we offer:

House, Liability & Legal:
Whether you鈥檙e a minimalist or a maximalist, we鈥檒l protect your belongings 鈥� and we鈥檒l cover you, too, if you receive claims for damages from third parties. Do you need support in a legal dispute? That鈥檚 where we come in.

Mobility:
To ensure you鈥檙e always safe on the road, we鈥檒l shift things up a gear and find the ideal protection for you 鈥� no matter what vehicle you drive.

Health & Accident:
An apple a day keeps the doctor away. It鈥檚 easy to get yourself covered from head to toe with our health insurance rates. It鈥檚 better to be safe than sorry.

Life & Financial Protection:
鈥淟ife begins at 66!鈥� Have a look at our pension options so you can find the right policy to allow you to make the most of your retirement.

Travel, Leisure & Animals:
Our pet insurance rates will make sure things don鈥檛 get hairy when your little furry friend needs a helping hand. If you want to travel carefree, make a detour here.

Secure top benefits when switching or taking out a new policy and enjoy impeccable service. And that鈥檚 just the tip of the iceberg. With wefox, you鈥檙e safe all round. See for yourself.
 

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Founders: Adam Rimmer and Ian Bartholomew

Website:

About Flood Flash

 
After the extensive flooding caused by Hurricane Sandy in 2012 the New York Metropolitan Transport Authority (MTA) found it very difficult to renew their flood cover. We helped them develop a different type of insurance: instead of paying out based on damage, this “parametric” cover would pay $200 million if water rose above a certain depth in the New York harbour.

We knew this form of insurance had a wider appeal than just those with the biggest budgets. We started FloodFlash with the ambition to make event-based cover available to everyone and to ensure that everybody is able to recover from catastrophe. Three years later we are even more dedicated to providing fast, flexible and affordable flood insurance to the people that need it most.

The reason why parametric insurance is affordable compared to traditional insurance is down to the costs and uncertainty associated with each policy. The costs are greater in traditional insurance because they need to pay loss adjusters, claims teams, legal or other costs. Similarly, traditional insurers are more exposed to uncertainty when a flood occurs. They can鈥檛 predict the exact damage caused by a flood because of all the variables so their final bill is unknown 鈥� and they deal with this uncertainty by charging more premium or refusing to cover flood.

We agree a set payout for when a flood occurs which we measure using our sensor, so we don鈥檛 have the costs and uncertainty mentioned above. This means that our premiums can be significantly lower than traditional providers.

Each policy we issue is linked to a mobile-connected sensor installed at the property. The sensor then reports any flooding. When the agreed trigger-depth has been reached the sensor alerts us. We then kick off the claims process 鈥� no documents required.

The sensor is an important part of FloodFlash insurance, so it is designed to last.

• High-accuracy, ultra-sonic depth measurement
• Long-life battery to last 7-12 years
• Internet connectivity to send up-to-date flood data
• Memory chip to store data for when networks fail
• Tamper and storm resistant
• Simple, fast installation

The FloodFlash family brings together a huge range skills from a huge range of disciplines. We all share the same values of Own the Outcome, Use Evidence, Be Helpful and Be Brave. Together, we鈥檙e confident we will achieve our goal and we can give everyone access to effective, affordable flood cover.
 

 

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Founder: Gustaf Agartson

Website:

About Bima

 
In 2010, co-founders Gustaf Agartson, Mathilda Strom and Oscar Westergard launched BIMA MILVIK in Ghana, with a vision to disrupt the traditional insurance industry by bringing affordable insurance to underserved customers. Leveraging on this experience, BIMA MILVIK expanded rapidly to provide families with all-in-one health solutions.

We live in a world where billions of people do not have access to essential health solutions, and millions are still pushed into extreme poverty because of health expenses. We are working towards a future where everyone has access to affordable, high-quality healthcare.

We challenge the status quo in emerging markets. We do what others said couldn鈥檛 be done. In a decade, we have changed the way emerging market consumers experience health solutions by unlocking the power of mobile technology.

Our customer promises represent the commitments we make to each and every customer. We use them as our compass to guide how we design, distribute, and deliver our health solutions.

By leveraging on technology, we have been able to provide high-quality, proactive healthcare regardless of location. Our unique health subscription model ensures affordability for customers and their families. We operate in 10 markets across South Asia, Southeast Asia and Africa.

At BIMA we combine digital innovations with a human touch, through our agents and Doctors, to reach emerging market customers with vital health solutions. We partner with mobile money providers, mobile operators and leading insurance underwriters. This means we can reach customers on channels they already use and with partners that they trust.

BIMA is made up of talented, intelligent and adventurous individuals. Our success is a reflection of the strength of our team.

We have the spirit and energy of a start-up, but the maturity, financial clout and confidence that comes with being an industry leader. We live by our values. They capture the essence of our business; they are what makes BIMA special, successful and a place where we all love to work.
 

 

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Founder: Fredrik Debong

Website:
 

 

About hi.health

 
At hi.health, we enable convenient and smooth access to healthcare by eliminating the bureaucratic hurdles of your private health insurance! Submitting bills has never been this easy.

We are convinced that access to the healthcare system has to be much easier. That’s why we combine insurance and secure payment methods in a smooth and transparent way.

With our hi.health app we take care of the insurance claims of over 30.000 users assisting with their health expense management. Private health insurance made simple.

• No more paperwork – just take a picture of your invoices and submit the claim for reimbursement immediately.
• We care not only about your health, but also about the protection of your data. You have full control over your data at all times.
• Our concierges will help you with all matters related to your reimbursement requests.
• We’ll keep you up to date on the progress of your refund request. Never waste any time searching again – and above all, don’t give away any money.

Create a seamless user experience for your healthcare online shop with hi.direct. We submit your customers’ medical costs directly to their private health insurance and take care of the reimbursement.
 

 

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Founder: Liselotte Munk

Website:

About Fadata Group

 
Fadata is a core software solution provider for the insurance industry, with over 25 years of experience.
Fadata supports insurance companies with digital transformation, effortless day-to-day business and achieving long-term goals – across all lines of business! It is time to say goodbye to the restraints and burgeoning costs of legacy systems. Fadata delivers the means to realise evolution in a controlled, low-risk way.

Fadata is changing the way core software serves insurers. Its comprehensive end-to-end insurance platform, INSIS, delivers an open environment, ready-made enterprise solution and containerised modules. INSIS is a constantly evolving, single, highly flexible, low-code process platform that can be deployed and localized across geographies.

With its latest INSIS release, Fadata ushers in a new age of digital insurance business. Fadata has built revolutionary technology that enables insurers to react to the changing requirements of modern customers in real-time to always remain current and to grow efficiently. More than that, Fadata also provides insurers with the ability to innovate freely so that trendsetters can look for ways to evolve in the industry. Thanks to a revolutionary new infrastructure, the INSIS platform takes a giant leap towards being cloud-ready, offering Fadata clients security, scalability and upgradability on a different level.

Rather than constraining choice, with Fadata and the INSIS platform, insurance businesses have the freedom to explore the various vendor options available to them, which has the potential to deliver cost savings and more tailored, efficient operations. Now, clients have the power to choose between two different database providers, choose cloud provider, and a number of preferred partners for the ultimate flexibility. Full embracing open insurance, Fadata has containerized the individual modules of INSIS creating a fully open environment.

Containerization introduces a complete shift in technology. Not only does it mean that insurers can have a running environment ready in minutes (rather than days), but they can also enjoy speedy, continuous updates and the ability to choose how and when they happen, all with zero business interruption. Furthermore, new business features can be added seamlessly, significantly reducing the time to market so that insurers can react to changing market demands as well as innovate into the future.

With a consumer-centric design philosophy, Fadata has recently introduced Fadata Ecosystem 鈥� the future of insurance enterprise. Insurers will be able to tap into a multitude of value-added applications so that they can seamlessly deploy new technology capabilities from different technology leaders. The pre-approved partner solution is designed to support the need to meet changing consumer needs and expectations with fast-paced innovation, enabling insurance companies to scale flexibly with less cost and less effort.
 

 

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Founders: Dan Bratshpis and David Daiches

Website:
 

 

About INSHUR

 
INSHUR is a global provider of embedded insurance solutions and complementary technology integrations for on-demand platforms such as Uber and Amazon Flex. Through data, technology and in-house expertise, INSHUR is the leading North American and European provider of insurance to on-demand drivers. Since 2016, INSHUR has been successfully insuring and protecting this professional class of drivers with our seamless integration of technology and underwriting expertise to match the experience of our partner platforms.

As services including transportation and delivery are increasingly provided by on-demand platforms, traditional insurance offerings have become unsuitable for these modern requirements. The on-demand economy is growing exponentially, and the ability to provide access to competitive insurance policies that match drivers鈥� needs is becoming imperative to delivering the best experience possible.

INSHUR offers a personalized suite of products that protects the well-being of its customers and provides flexible coverage and protection which adapts to the job 鈥� helping drivers stay on the road. INSHUR:

• Is officially recognized as an Uber-endorsed driver insurance provider for independent drivers, plus partnerships with Bolt, Ola and others, positions INSHUR to become the leading commercial auto insurance provider for on-demand drivers
• Offers a fully integrated, innovative wallet-based pay-as-you-go product in partnership with Amazon Flex for all its delivery partners across the UK. Within four months of launch, INSHUR issued policies for 50% of Amazon Flex鈥檚 active delivery partners
• Is top-rated by customers for its product and service (4.5/5 on TrustPilot)
• Boasts strong loss ratios and strong carrier relationships
• Drove 30% growth in 2022, on track to grow by over 200% in 2023
• Continues to build an award-winning & diverse team with exceptional expertise that bridges both insurance and technology, making it insurtech鈥檚 best-kept secret

Embedded insurance brings many mutual benefits for platform workers, insurers and platforms, but it鈥檚 the symbiosis of all three where we see the magic in creating a superior customer experience coupled with real underwriting advantages to develop customized products, while at the same time driving down acquisition costs.

• INSHUR enables them to provide customized and seamless insurance, helping to attract and retain talent and keep them compliant and protected
• INSHUR鈥檚 superior onboarding experience removes the complexity or confusion prevalent in the industry. Our flexible products are built to work specifically for each platform and radically simplify the process
• INSHUR: by embedding our products into partner platforms, we鈥檙e able to create innovative insurance products that are underwritten using alternative data 鈥� instantly removing some of the biases associated with location, age and gender and enabling us to offer on-demand workers the best cover

 

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Founder: David Walsh

Website:
 

 

About CFC Underwriting

 
For over 20 years CFC has built market-leading solutions to some of the insurance industry’s biggest challenges.

We use technology and data science to stay one step ahead. From developing cutting-edge insurance products, pioneering autonomous underwriting, deploying advanced threat intelligence, to offering unparalleled service to our partners and customers, we are reimagining the world of specialist insurance.

In the 90鈥檚 we were one of the first companies in the world to sell cyber insurance policies online. Our name back then was ClickForCover.com. In those days, insurtechs were called dot.coms! In the 20 years since, we’ve changed our name and expanded our business, but technology remains at the heart of everything we do.

Our senior management team bring decades of experience working in high-growth, technology-driven businesses both inside and outside of insurance.

We鈥檙e committed to three core principles:

• Creating opportunity
• Making things better
• Engaging in our communities

CFC delivers proactive cyber security protection, award-winning coverage, and unrivalled cyber incident response and our Connect platform uses advanced automation and data science to streamline quoting and make broker self-service easier than ever before.

Spanning more than 20 classes of specialist insurance, we protect businesses in nearly every industry with products designed for emerging and technology-based risks:

• Digital healthcare
• FinTech
• Intellectual Property
• Transaction Liability
• Media

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