Insurtech UK's New CEO Sets Ambitious Agenda For Insurance Innovation

Editorial Calendar Exclusive Content Insurtech UK’s New CEO Sets Ambitious Agenda For Insurance Innovation Insurtech UK, the world’s largest formal insurtech alliance, boasts a membership base of more than 130 companies, including 100 insurtech businesses and 30 partners from both the traditional insurance space and industries serving the insurance market. Collett, formerly the executive director forProfessional Standards at the Chartered Insurance Institute(she left the role at the end of May), brings a wealth of experience to her new role. She plans to prioritise several key objectives in her tenure including: Collett highlights the substantial returns on investment that come with global expansion, including diversified revenue streams, broader customer reach and enhanced business resilience.

Her vision is to help insurtech startups in the UK unlock their global potential. Collett aims to forge strong partnerships with insurtech hubs around the world. These partnerships will create opportunities for UK insurtechs to expand their presence on the global stage as well as contribute to making the UK a global insurtech hub.

As part of her mission to establish the UK as a leader in insurtech, Collett also intends to grow Insurtech UK’s membership base further. This expansion will foster collaboration between insurers and insurtechs and play a vital role in embedding the UK as a globalinsurtechhub. Collett’s determination lies in the enhancement of the voice and profile of insurtechs, emphasising their significance as a distinct sector apart from fintech.

This distinction will also underscore the unique contributions and innovations of insurtech companies. Explaining her ambitions, Collett said. “This is a crucial time for the sector.

AI and tech innovation is firmly on the government agenda and the UK ecosystem is uniquely placed to transform the way insurance works. I have seen the exponential growth of the insurtech sector firsthand and how it can make