Our roadmap of recommendations for policy-makers to retain and strengthen the UK’s leading global status in insurance innovation was published for the new government in June 2024 and has now been updated one year on.
Since we launched our 2024 Roadmap for insurtech growth we’ve had a new government and new industrial strategy, and it’s encouraging to see steps to ensure regulators support growth and keep apace with innovation.
However, it’s clear further change is needed to optimise the entrepreneurial environment for insurtech founders as they start and scale to a successful enterprise. This Roadmap update shows progress to date on our key asks to strengthen the sector, and priorities for next steps.
The UK is hugely respected for both its insurance expertise and technological prowess, but access to finance and talent remain significant hurdles that could be improved by small tweaks with big impacts - from the criteria for Enterprise Management Incentives to the Advanced Subscription Agreement rules.
The latest sector stats proudly show that the potential of UK insurtech continues to proliferate - from both domestic growth and international expansion, reasserting the UK’s position as a global insurtech leader.