Uinsure secures vital investment for ambitious growth strategy

Today, Uinsure has announced new investment from LDC to support its ambitious growth strategy and allow the cloud-based technology platform to “disrupt the industry.”

Related topics:  Uinsure,  Funding
Tabitha Lambie | Editor, Protection Reporter
12th February 2024
Uinsure investment
"The team at LDC will be working closely to strategically support us with our long-term goals, as we explore new markets and grow our network of partnerships."
- Simon Taylor, CEO of Uinsure

Founded in 2007, Uinsure is a cloud-based technology platform that connects financial intermediaries and lenders with a panel of market-leading insurers. This platform has enabled customers to arrange policies without worrying about the complexities of insurance.

In the last decade, Uinsure has achieved 27% compound annual growth through its substantial technology capacity, including new API integrations and pricing engine. To support its next steps, Uinsure has secured funding from private equity investor, LDC, which will develop new markets, as well as grow its networks of partnerships with intermediaries, major building societies, and banks.

As part of this transaction, Peter Thompson, former CEO of BGL Insurance, has joined Uinsure as a Non-Executive Director to support Simon Taylor, Martin Schultheiss, James Fawcett, and Dan Wright. Since the investment was led by Aziz Ul-Haq, North-West Partner for LDC, and Dale Alderson, Head of North-West at LDC (with support from Grant Goodwin and Camilla Greenwood), they’ll join the Board.

Simon Taylor, CEO of Uinsure, said that right from the first meeting “LDC has been aligned with our vision to remove the complexity of insurance for our partners and their customers […] finding the right partner who shares our culture was extremely important to us.”

“Uinsure’s recent large-scale investment in its technology means it’s perfectly placed to serve its target market by offering a digital-first solution with a competitive edge,” added Aziz Ul-Haq, “we’re looking forward to working with them to help it grow further.”

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