Insurtech in five-strong FCA innovation and scale-up cohort
Insurtech Urban Jungle has joined the Financial Conduct Authority’s scale-up unit, with the watchdog promising tailored support to help it innovate, navigate regulation and grow sustainably.
The FCA launched the unit with six firms, jointly regulated with the Prudential Regulation Authority, in February.
The latest wave including ClearScore, Modulr, Teya, and Zilch – spanning payments, consumer finance, credit information and insurtech – is the first to have businesses regulated solely by the FCA.
RelatedBiba calls for regulation ‘reset’ in open letter to ChancellorGraeme Trudgill, CEO of the British Insurance Brokers’ Association, has called for bold action from the UK Chancellor to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Broker M&A hit near decade low in October
With only two broker deals announced in October it was the joint-lowest monthly count over the past 10 years, MarshBerry has calculated.
Crawford to exit Gallagher after a decade
Charles Crawford will retire from Gallagher at the end of 2027, handing over the chief operating officer for the UK and Ireland role to James Whittingham in April, the broker has confirmed.
Allianz Commercial to open in Lloyd’s in 2027
Allianz Commercial has received in-principle approval from Lloyd’s and is set to launch in the marketplace next year.
Home insurance quote prices dip as new entrants impact the market
Quoted home insurance premiums on price comparison websites fell 2.2% in the three months to September 2026, the fastest quarterly fall this year.
Ardonagh confirms Acrisure reunion as Cross joins McIlquham in MGA push
The Ardonagh Group has announced that Kat Cross and Louise Doyle have been appointed to the Orvia Underwriting’s leadership team.
Zurich detects record £109.3m of fraudulent claims
Zurich uncovered a record £109.3 million of fraudulent insurance claims in the last 12 months, across 4,359 bogus claims in its casualty, motor and property portfolios.
UKGI Group trims losses in first post-Intact investment results
Top 100 broking firm UKGI Group saw its post-tax loss shrink to £1.15m (2025: £1.4m loss) in the year it sold a minority investment to Intact Ventures.
Q&A: Close Brothers Premium Finance leaders Wallace and Hayes
Close Brothers Premium Finance commercial director, Colin Wallace, and sales director Elliott Hayes, stress the firm’s ‘pro-broker’ message as they tackle the changes over the past 18 months, shrinking after the partial exit from personal lines and the developments they believe will deliver growth for all parties as the business focuses in on commercial with the run-off almost complete.