The move will see Melissa Collett taking the reins of the InsurTech trade association with immediate effect, as the company looks to the UK into a global leader for innovation in the space.

In addition, Collett will support the further development of Insurtech UK’s membership base – which currently consists of over 100 companies, including 100 InsurTech businesses and 30 partners both from the traditional insurance space and industries which serve the insurance market – while strengthening its existing network and collaboration between insurers and InsurTechs.

Speaking for the first time since her appointment, Collet said: “This is a crucial time for the sector. AI and tech innovation is firmly on the government agenda and the UK ecosystem is uniquely placed to transform the way insurance works.

“I have seen the exponential growth of the sector firsthand and how it can make a real difference to consumers and businesses. The recent report that our partners McKinsey & Co produced around the sector, outlines that growth opportunity. I am very excited about leading an organisation that truly represents the future of insurance.”

Also commenting on Collett’s appointment, John Warburton, Insurtech UK co-chair and CEO of Konsileo, said “Alongside a proven track record in the industry, Melissa’s previous role at the CII means she understands the challenges and opportunities facing a membership organisation. Insurtech UK has gone a long way in just five years, and we want to take it to the next level. With Melissa’s energy, network, and strategic vision, she is well-placed to do just that.”

Co-chair Luise Barile, CFO of Many Pets added: “Melissa has the profile and experience to help us navigate the challenges ahead and help promote our sector further to its broad and diverse stakeholder groups, ensuring we provide a robust voice for our sector.”

Source: Fintech Global