Entrepreneurial start-up raises £180m to design and build an insurance challenger with an ambition to protect more families in the UK. The company is run by seasoned insurance professionals motivated to tackle some of the industry’s key challenges. Its co-founders are Chief Executive Officer, Daniel Pender, former Executive Director at Prudential and UK Life Chief Financial Officer at Zurich; and Chief Operating Officer, Simon Davis, former Chief Risk Officer at Guardian and Corporate Services Director at Admin Re.
Making the most of digital and cloud based technologies, the company plans to maximise the potential of insurtech to build intuitive products and processes, which are simple to understand and easy to use By listening to customer and adviser needs, the founders believe this approach will create greater trust and improve customer and adviser experience The company will focus initially on life, critical illness and income protection and will announce its brand name later in the year Investors cite the significant market opportunity that exists for an insurer with a truly people-centred, digitally-enabled business that is distributed through advisers The business is subject to regulatory approval Entrepreneurial start-up company, Gryphon Group Holdings Limited, has today announced that it has raised £180m in funding to design and build an insurance challenger that seeks to protect more families in the UK.
