Superscript, the business insurance challenger previously known as Digital Risks, has become a Lloyd’s registered broker — a sign of the continued digitalisation of the market?
The insurance sector is increasingly becoming digitised.
Already working with some of Europe’s most exciting startups and scaleups, Superscript — the insurance disruptor — has become a registered Lloyd’s broker. It is one of many innovative Insurtech’s disrupting the market.
Superscript’s enterprise team provides smart and proactive insurance for innovative businesses facing complex, emerging risks.
Since its inception in 2015, Superscript’s unique insurance offering, underpinned by proprietary technology, has helped enable customers to scale from pre-seed stage to unicorn status and beyond.
A Lloyd’s broker
Superscript has been a Lloyd’s coverholder since early-2019. Now, as a Lloyd’s broker, Superscript will have direct access to the world’s leading specialist insurance market.
In addition to the multiple active delegated underwriting arrangements that Superscript has in place, this will strengthen the Insurtech’s ability to arrange cover for modern businesses whose needs are racing ahead of traditional insurance provision. Something that Superscript has developed a strong reputation for.
Ben Rose, co-founder and chief underwriting officer at Superscript, commented: “Becoming a Lloyd’s registered broker is a pivotal moment in the growth of our business. Our relationship with the Lloyd’s market will fuel our international plans and see us deliver our flexible, bespoke insurance to ambitious, modern businesses worldwide.
“As an Insurtech, being granted this status is not only an endorsement of our unique end-to-end product, but also testament to how the insurance industry continues to innovate to meet 21st century business needs.”
Keith Stern, Lloyd’s regional manager, UK & Ireland, added: “Remaining committed to our Future at Lloyd’s strategy and the continued digitalisation of the market, it’s great to welcome Superscript as a broker at Lloyd’s. We look forward to working with them.”
As one of the first Insurtech’s to be granted the broking license, this announcement has demonstrated the continued digitalisation of the Insurance market and Lloyd’s commitment to its Future at Lloyd’s strategy.
Source: Insurance Business Magazine
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