Since the first quarter of 2022, Candid has been part of the CLARK Group. The recent name change to CLARK UK does not affect the brands or customer-centric values of the Bristol-based insurtech. Instead, it solidifies CLARK UK’s position as a leader in the life insurance and protection market while enabling increased investment in technology and the development of new partnerships in the UK.
Renowned for its innovative and accessible approach to insurance brokering, the CLARK Group has been providing technology-driven insurance advice and protection since 2013.
Matt Edwards, CEO of CLARK UK, said, “Our commitment to protecting families and revolutionising insurance remains unchanged from the day we started. Our customers are our top priority, and we assure them that they will continue to receive the same level of expertise, affordability, and peace of mind through our products, technology, and customer service.”
Other brands operating under CLARK UK will not be changed
CLARK UK distributes insurance products through four consumer-focused brands, with three now offering white-labeled underwritten products: Tom, Polly, Winston, and Anorak. These brands will remain unaffected and at the forefront of CLARK UK’s offerings.
As Edwards explained, “This means that whether you’re a parent, over 50, or seeking income protection, you will receive the same coverage and benefits.”
CLARK UK has experienced remarkable growth over the past year, tripling its revenue and expanding its workforce by 200. In January, the insurtech launched two new products, and two of its brands are supported by mobile apps.
Technological innovation is a priority. Edwards stated, “Our mobile app already provides intuitive, consistent, and secure expertise. By collaborating with CLARK, we can further enhance the customer experience through technological advancements.”
Candid became a part of the CLARK Group in 2022 and has played a crucial role in the group’s strategic growth plan ever since. The decision to operate as CLARK UK strengthens the unity within the wider group and reinforces the collective strength.
Christopher Oster, CEO and co-founder of the CLARK Group (pictured), said, “Our objective is to become the largest insurance broker in Europe. With over two million customers and more than 170 million euros in investments, our customers can expect easy access to expert advice on life insurance and income protection.”
Oster continued, “We’re already redefining insurtech across Europe. Now, with the new CLARK UK brand, we are even more aligned as a group. This ensures the best possible insurance experience for customers and opens up new opportunities to elevate the insurtech industry.”
Exploring growth opportunities
CLARK UK has set ambitious growth targets. With the recent acquisition of the British start-up Anorak, the company possesses a strong protection proposition and a solid presence in the UK market.
Supported by major investments from reputable firms like Allianz X, Portage, Tencent, White Star Capital, and Yabeo, CLARK UK’s latest transformation enables the exploration of new opportunities in the UK market.
Joshua Sargent, Chief Operating Officer at CLARK UK, added: “We are ready and eager to partner with existing providers in the UK and invest in them. As market leaders with robust financial backing, we are actively seeking new avenues for growth. We have come a long way and are excited to see what the future holds.”
