A group of 31 insurtech startups have joined forced to launch a representative group, which will be known as Insurtech UK.

The industry representative body will become a formal association in 2019. It will aim to support the growing insurtech sector in the country.

Additionally, Insurtech UK will engage with regulators and also work with incumbents to address the issues being faced by the insurtech sector.

Members of the group include Anorak, Azur, Bewica, Bikmo, Bought By Many, Buzzmove, Canopy, Claim Technology, Concirrus, CoVi Analytics, Drover, Equipsme, Floodflash, Hokodo, Honcho, Kasko, Konsileo, Laka, Marmalade, Meet Sherpa, Urban Jungle, Pluto, Polaris, PolicyCastle, Shepherd, So-sure, Tapoly, Track My Risks, Worry + Peace, Wrisk and Yulife.

James York, founder of Worry + Peace, commented: “This is an exciting step towards building the voice of the UK’s growing insurtech industry.

“We’ve had tremendous support so far from the community as well as the wider insurance ecosystem.”

“We’re keen to get started and build on the fantastic momentum already gained. We look forward to collaborating with many partners and to help build a sector that has true potential to be world-leading.”