Synechron Announces Partnership with Insurtech UK to Promote Innovation in the UK Insurance Sector

Synechron Inc. has announced a strategic partnership with Insurtech UK, in an effort to help promote the need for innovation within the UK insurance sector.

Insurtech UK, formed in November 2018, is the UK’s newest trade alliance in the sector with a mission to come together to speak with one voice about specific Insurtech-related issues and needs arising out of the technological revolution in the sector. The Alliance is comprised currently of 42 members and partners, including leading Insurtech start-ups, Tapoly, Honcho and Worry & Peace, as well as top-tier firms, Lloyd’s of London and Hiscox Insurance.

As the fourth largest insurance market globally, the UK insurance industry is due for innovation. In partnering with Insurtech UK, Synechron will help advise the Alliance on best practices and to help it achieve its mission to champion the vast potential of the wider UK digital economy. Synechron will help Insurtech UK develop its operational and communications strategy in utilising its expertise across the insurance landscape from a media, regulatory and technology perspective. Synechron can advise Insurtech start-ups and insurers on how they can adopt newer technologies into their strategies and additionally can help them accelerate their digital roadmaps via Synechron’s award-winning accelerator programs.

Tony Clark, Managing Director at Synechron UK said, "We are delighted to be included in Insurtech UK’s first wave of partnerships and members as an associate partner amongst a winning combination of established firms and start-ups. With our expertise, we are here to help Insurtechs and insurers alike, reach the next level of their digital journeys.”

Matt-Hodges Long, Interim Council & Founding Member of Insurtech UK said, “We were very keen to ensure that the associate members and partners who joined us had the credibility and experience in the sector to contribute effectively to our work, and we are delighted that Synechron has signed on as one of our consulting partners. We look forward to working together collaboratively on various initiatives to help the Insurtech sector reach its true potential.”