Charles Taylor has launched InsureTech as an insurance technology venture.
The London-based insurance firm, which already offers services in loss adjusting, managing claims and insurance businesses, said it brings together 200 technology staff for the launch.
“The global insurance technology market is growing rapidly with increasing demand from insurers to replace legacy systems, bring new products to market quickly and capitalise on the potential of big data and analytics,” said Jason Sahota, Charles Taylor InsureTech’s first CEO, who joined from consultant KPMG last year.
The new launch follows Charles Taylor’s investment in Fadata, an insurance software firm, as well as its acquisition of KnowledgeCenter.
“We have the culture of a FinTech start-up, the capabilities of an established tech business and the industry knowledge of a global professional services provider that has been embedded in the insurance industry for over 130 years,” said Sahota.