Certainly one of the UK's leading InsurTech propositions, this is one of our favourites. BBM are leading the way in full-service broking models, challenging the status quo and adding considerable value to the markets they serve and their capacity providers.
Bought By Many is a digital insurance broker which uses big data to identify and serve niche customer groups. In the year to March 2018 the company arranged £20m of premium with revenue close to £5m; GWP has doubled every year since inception nearly six years ago. The team announced a £15m Series B fundraise earlier this month from investors including Marsh. Bought By Many has built technology to identify unmet demand. This might be pet insurance for owners of terriers with pre-existing conditions or motor insurance for drivers of ex company cars. Once it identifies enough demand, the company builds bespoke products in conjunction with its insurer panel.