England’s insurance industry is bursting with innovative startups focussed on property insurance. Changes in technology, lifestyles and businesses have fostered an environment ripe for disruption. Here we feature 15 compelling property insurance companies from the UK, ranging from newly minted insurtech startups to established industry leaders pivoting to offer innovative services. These companies are redefining how property insurance is done, making policies more affordable, accessible, and tailored to the needs of the property owners.
InsurX
InsurX is an Insurance Digital Marketplace concentrating on commercial insurance and property insurance. Founded by Gilbert Harrap and Will Iles, InsurX utilises modern technology to simplify the process of getting insured, making it a more streamlined and efficient procedure.
Wectory
Wectory, co-founded by Mikhail Balabanov is a unique startup in the Property Insurance and Property Management domains. Wectory’s main premise is to rent upfront, making rental properties more financially accessible to many.
Yokahu
With a focus on building resilience to climate change, Yokahu specialises in parametric insurance for weather-related disasters. Co-founded by Farid Tejani and Tim McCosh, Yokahu sits at the intriguing intersection of agtech, fintech, and property insurance.
HARNESS Data Intelligence
At the juncture of analytics, AI, property Insurance and real estate investment, founding member Ben Mein’s HARNESS Data Intelligence is focussed on providing commercial data intelligence services. The company uses machine learning and geospatial technology to provide insights to commercial real estate businesses and property insurers.
Reposit
Reposit is a creative alternative to cash deposits for rental properties. Founded by Brendan Short, Curran McKay, and Jude Greer, this insurtech company offers property insurance services specifically for agents, landlords, and tenants.
InMyBag
Co-founder Nick Marsh’s InMyBag focuses on insuring devices and providing data recovery services for professionals on the go. InMyBag treads the line between auto insurance, finance, and property insurance.
MS Amlin
MS Amlin is a significant player in the financial services and insurance sectors, with a particular speciality in property insurance. As a part of the global top insurers and reinsurers, MS Amlin is a testament to the scope of insurance services available in the UK.
Tysers Insurance
Tysers Insurance is another traditional firm with a special focuss on helping its clients manage their risks. They cover a broad spectrum of coverage types, including property insurance.
AEGIS London
AEGIS London operates in the Lloyd’s of London market as a syndicate, providing insurance including property insurance services. Apart from property insurance, it also offers business development and cybersecurity services.
Hansteen Holdings PLC
Co-founded by Ian Watson, Hansteen Holdings PLC is an industrial REIT (Real Estate Investment Trust) investing in various properties alongside providing property insurance.
Price Forbes
Price Forbes is a balanced insurance broker company providing packages including health, general and property insurance.
Africa Specialty Risks
Founded by Bryan Howett, Africa Specialty Risks focuses on providing risk mitigation solutions. Working in the commercial insurance industry, they also offer property insurance.
Shepherd Compello
Shepherd Compello offers insurance services covering a wide range of areas, including property, cyber risk, and marine insurance.
iprism Underwriting
iprism Underwriting is focused on providing insurance solutions specifically for commercial insurance brokers and their clients in the construction, business and property owner sectors.
Assetsure
Assetsure, founded by Bob Andrews, is an insurance agency that offers a range of insurance services, including bicycle, property, jewelry, and business insurance.
To conclude, the property insurance landscape in England is populated by both traditional insurance companies offering innovative services and new-age tech-fashion insurance startups introducing disruptive services. Whether it is climate change related insurance, or insuring your devices and data, there is certainly no lack of options for consumers. As the industry continues to evolve, these companies and others are sure to keep pushing the boundaries of what property insurance can offer.
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