Innovative Risk London (IRL) has joined Insurtech UK as its newest principal partner.

The insurance catalyst and regulatory principal, which works to support, launch and incubate insurance solutions in the UK and with London market capacity globally, brings with it over 20 businesses within its rapidly expanding network, who also become part of the Insurtech UK community.

Alan Hickman, CEO of IRL will also join Insurtech UK’s Advisory Panel, helping to support the growth of UK insurtech, driving initiatives that promote economic growth, boost productivity and underpin economic and societal resilience.

Melissa Collett, Insurtech UK CEO, said: "We are thrilled to welcome IRL to Insurtech UK and in addition embrace its member businesses, who will also enjoy the benefits that come with membership of our thriving community.

"A stronger membership benefits us all, so we extend everyone a warm welcome and look forward to seeing how our partnership with IRL will continue to strengthen our numbers and offering in future years."

Alan Hickman, IRL’s CEO said "We’re delighted to join Insurtech UK as its newest principal partner. We’re looking forward to welcoming all of our appointed representatives to the community too. The insurance market is thriving and we’re looking forward to contributing to its continued success, assisting businesses in creating opportunities and supporting with their regulatory needs."