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Uinsure secures PE investment from LDC to fuel growth

By Gloria Methri

February 12, 2024

  • digital insurance solutions
  • Digital-first Services
  • FinTech Investment

Uinsure, Insurance, Digital-first insurance solutions, FinTech, LDC, PE Investment, UKManchester-based InsurTech Uinsure has secured investment from private equity investor LDC to support its ambitious growth strategy.

Founded in 2007, Uinsure is a cloud-based technology platform that connects financial intermediaries and lenders with the UK’s leading insurers. The platform removes the complexities from insurance, enabling customers to arrange cover in a frictionless way.

LDC’s investment and strategic support will help increase Uinsure’s market share, as well as grow its network of partnerships with intermediaries, major building societies, and banks.

The insurance company has invested heavily in its technology capability in recent years, including in new API integrations, improvements to its customer experience and the development of its new pricing engine, enabling it to offer disruptive and digital-first insurance solutions.

Simon Taylor, CEO of Uinsure, said, “Right from the very first meeting, LDC has been aligned with our vision to remove the complexity of insurance for our partners and their customers. When we started looking for an investor to support us through our next phase of growth, finding the right partner who shares our culture was extremely important to us. 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.”

Aziz Ul-Haq, Partner at LDC in the North West, added, “Uinsure’s recent large-scale investment in its technology means it is perfectly placed to serve its target market by offering a digital-first solution with a competitive edge. It has a highly experienced and incredibly ambitious management team whose offering has disrupted the industry and revolutionised the market. We are looking forward to working with them to help it grow further.”

Since 2012, LDC has invested over £650 million into more than 35 fast-growing technology businesses, backing management teams to achieve their ambitions.

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