Insurtech UK calls on MPs to address growth barriers now.

TLDR:

Insurtech UK has called on the government to tweak regulation to help start-ups and boost funding available to scale-up businesses like Lemonade.

In their roadmap, they urge the Prudential Regulation Authority and Financial Conduct Authority to change their processes and approaches to meet the needs of insurtech companies.

Key Elements of the Article:

Insurtech UK demands government action to support insurtech growth by addressing regulatory barriers and increasing funding opportunities.

They call for changes at the Prudential Regulation Authority and Financial Conduct Authority to better meet the needs of insurtech start-ups.

Insurtech UK aims to boost funding available to scale-up businesses to achieve success on the level of companies like Lemonade.

The trade body advocates for collaboration between industry players, regulators, and government to create a more supportive environment for insurtech innovation.