Written by Gloria Mesri
- Digital insurance solutions
- Digital-first service
- fintech investment
Manchester-based InsurTech Uinsure has secured investment from private equity investor LDC to support its ambitious growth strategy.
Founded in 2007, Uinsure is a cloud-based technology platform that connects financial intermediaries and lenders with the UK's leading insurance companies. The platform removes the complexity of insurance and allows customers to arrange insurance in a frictionless manner.
LDC's investment and strategic support will help Uinsure increase its market share as well as expand its network of partnerships with intermediaries, leading building societies and banks.
Insurers have invested heavily in their technology capabilities in recent years, including integrating new APIs, improving the customer experience, and developing new pricing engines that enable them to deliver disruptive, digital-first insurance solutions. It has become.
Simon Taylor, CEO of UinsureHe said: “Since our first meeting, LDC has aligned with our vision of removing insurance complexity for our partners and their customers. We are looking for investors to support us in our next phase of growth. When we started, finding the right partner who shared our culture was very important to us. The team at LDC will continue to work with us as we explore new markets and expand our network of partnerships. We look forward to working closely together to strategically support our long-term goals.”
Aziz Ul-Haq, Northwest LDC PartnerThe company added: “Uinsure's recent significant investments in its technology means it is perfectly positioned to serve its target market by offering competitive, digital-first solutions. has an experienced and incredibly ambitious management team whose services have transformed the industry and revolutionized the market. We look forward to working with them to ensure it can grow even further. looking forward to it.”
Since 2012, LDC has invested over £650m in more than 35 high-growth technology businesses, helping executives achieve their ambitions.
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