
Start Up Insurance Firms
Market expertise to help your new insurance venture launch successfully.
We support start-ups seeking to enter the insurance market, whether that be as an insurtech, broker, MGA or insurer. We support them in their objectives with advice and resourcing, helping with product development, building the frameworks and controls necessary to create appropriate distribution strategies and generally ensuring products are launched expeditiously. Our teams are comprised of individuals who have themselves been involved in starting and growing a wide range of insurance firms, including those entering the UK markets as branches or subsidiaries of international firms.
Our services can be provided as required, or as part of a fixed cost retainer solution covering compliance and/or risk services.
Areas we can help include:
- Strategic advice on how to start your insurance business and the regulatory requirements in the UK and the EU, including consideration of alternative jurisdictions and whether to seek Appointed Representative status.
- Assistance with authorisation applications if required, and preparation of all of the necessary work to achieve the required authorisation including business plans and target operating model.
- Principal selection. For businesses that choose the Appointed Representative route to authorisation, we can assist with selecting the right principal for your business model and negotiating terms with them to ensure you achieve the flexibility you may require.
- The regulators require firms to be ready in order to obtain authorisation. We can assist in the development of your business model with planning and implementing an appropriate target operating model.
- Product development is a highly regulated function. Let our teams of experts, including specialists in compliance, product development and policy wordings, help you understand the rules and develop appropriate products and processes for management of the product lifecycle.
- Everything from vendor selection, implementation and outsourcing management through to the implementation of cloud-based solutions to support a simpler and more current infrastructure
- Navigating the Lloyd’s market. We can provide assistance with becoming a Lloyd’s Broker or coverholder, considering whether to establish a Syndicate at Lloyd’s and if so, whether the Syndicate in a Box process is appropriate, or a full turnkey arrangement is required. For more on Lloyd’s see our route to Lloyd’s webpage.
ICSR offers a broad range of services suitable for businesses seeking to start operating within the UK regulated insurance market, or seeking to start a new type of regulated business alongside an existing operation.
Find out more about the range of services we can offer, or get in touch to discuss your specific objectives and requirements.
SERVICES FOR START UP INSURANCE FIRMS
Latest Articles
The FCA Growth Objective – A New Approach To Ensure Regulators And Regulations Support Growth
The FCA has now responded to the 24th December letter from the government asking for its proposals to help unlock growth and investment. In its response last week, the FCA has set out proposals across a number of broad areas. Kenneth Underhill looks at the proposals.
Operational Incidents, Outsourcing and Third Party Reporting: The Next Phase In Regulatory Oversight And Control Of Operational Resilience In Financial Services Firms
The Prudential Regulation Authority (PRA) has published a new Consultation Paper, CP17/24 – Operational Resilience: Operational Incident and Outsourcing and Third-Party Reporting. Benoit Steulet looks at the proposed requirements.
Callum Hadley Joins ICSR As Risk Manager
We’re delighted to announce that Callum Hadley has joined ICSR as a Risk Manager, reporting to Risk & Compliance Director Claire King.
Latest Case Studies
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Meet The Senior Team
Meet our senior below team or search our full team and talent pool to find specific people, or people with specific skills.

Kenneth Underhill
Managing Director

Claire King
Risk & Compliance Director

Benoit Steulet
Operations Director