PriyaPatel
TLDR:
- Insurtech UK partners with JP Morgan Payments to support members in rapidly changing insurance market
- Partnership to bring access to global expertise and facilitate innovation in the insurance sector
In a major development, Insurtech UK has announced a new partnership with JP Morgan Payments to provide support to its members in navigating the rapidly evolving insurance market. JP Morgan Payments, a leader in treasury services, trade and working capital, card, and merchant services, will serve as the trade body’s principal banking partner, offering valuable insights and facilities to help members achieve their targets.
Melissa Collett, Chief Executive of Insurtech UK, expressed excitement about the partnership, highlighting the potential for members to benefit from JP Morgan Payments’ global expertise in a changing landscape. With JP Morgan Payments processing nearly $10 trillion in payments daily across 160 countries and 120 currencies, the partnership signifies a commitment to driving innovation and transformation in the insurance sector.
As part of the collaboration, experts from JP Morgan Payments will engage with Insurtech UK members, collaborate on thought leadership, and host events to foster a culture of innovation within the industry. Darren Snoxell, Head of Insurance for EMEA at JP Morgan Payments, emphasized the firm’s dedication to staying at the forefront of industry advancements and leveraging technology and data to create seamless financial experiences.
David Hemmings, UK Insurtech lead at JP Morgan Payments, echoed this sentiment, noting that the partnership aligns with the firm’s commitment to delivering unparalleled payment solutions to the UK insurtech market. By harnessing the power of technology and data, JP Morgan Payments and Insurtech UK aim to shape the future of payments and drive innovation in the insurance sector.
