Insurtech UK has today announced the appointment of its first-ever CEO, with Melissa Collett (pictured) taking the reins of the insurtech trade association.
In a Press release, Insurtech UK noted that Collett, who steps into the CEO role with immediate effect, will drive its mission of transforming insurance through technology and making the UK the global leader for insurance innovation. Among her responsibilities, she will look to maintain and expand Insurtech UK’s relationships with key stakeholders within both Government and regulators.
In addition, Collett will support the further development of Insurtech UK's membership base – which currently consists of over 100 companies, including 100 insurtech businesses and 30 partners both from the traditional insurance space and industries which serve the insurance market – while strengthening its existing network and collaboration between insurers and insurtechs.
Commenting on her appointment, Collett - who most recently served as executive director for professional standards at the Chartered Insurance Institute (CII) where she spearheaded the Digital Ethics Companion - said: "This is a crucial time for the sector. AI and tech innovation is firmly on the government agenda and the UK ecosystem is uniquely placed to transform the way insurance works.
"I have seen the exponential growth of the sector firsthand and how it can make a real difference to consumers and businesses. The recent report that our partners McKinsey & Co produced around the sector, outlines that growth opportunity. I am very excited about leading an organisation that truly represents the future of insurance."
Also commenting on Collett’s appointment, John Warburton, Insurtech UK co-chair and CEO of Konsileo, said "Alongside a proven track record in the industry, Melissa's previous role at the CII means she understands the challenges and opportunities facing a membership organisation. Insurtech UK has gone a long way in just five years, and we want to take it to the next level. With Melissa's energy, network, and strategic vision, she is well-placed to do just that."
Co-chair Luise Barile, CFO of Many Pets added: "Melissa has the profile and experience to help us navigate the challenges ahead and help promote our sector further to its broad and diverse stakeholder groups, ensuring we provide a robust voice for our sector."
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