PoloWorks and PwC UK forge strategic InsurTech alliance to revolutionise insurance services

PoloWorks and PwC UK forge strategic InsurTech alliance to revolutionise insurance services

PoloWorks, a pivotal entity within the Marco Capital Group, has joined forces with PwC UK to announce the initiation of PoloPartners.

The inception of PoloPartners stems from a recognized need within the insurance market for a bespoke, technology-driven, and differentiated service offering. Aimed at delivering a unique, end-to-end service experience, PoloPartners is strategically positioned to cater to this demand, with an initial emphasis on Captive solutions for corporate clients, leveraging Lloyd’s newly launched Captives initiative.

PoloPartners is poised to offer clients unparalleled service by combining PoloWorks’ expertise in regulated insurance platforms with PwC UK’s extensive insurance practice. This collaboration is designed to address the industry’s challenges, such as regulatory scrutiny and cost pressures, by providing a dependable outsourcing solution.

PoloWorks brings to the table a proven track record of delivering forward-thinking insurance solutions, underpinned by its regulated platforms and extensive service capabilities. On the other hand, PwC UK is acclaimed for its insurance market leadership and advisory prowess, offering scale, market insights, and a reputation for quality and technological innovation. Together, they aim to provide tech-enabled, comprehensive insurance management services, including actuarial, claims management, risk and compliance, and finance, among others.

PoloWorks CEO Richard Lawson highlighted the partnership’s essence, stating, “PoloPartners epitomises our commitment to innovation and client-centric solutions, leveraging cutting-edge technology and industry expertise.

“The seamless combination of PoloWorks’ Regulated platforms and service resources with PwC’s insurance practice, which brings scale, market insight and a reputation for quality and technological innovation to the partnership, provides PoloPartners with an unparalleled customer proposition – adding value to the insurance market.”

Echoing the sentiment, Alex Bertolotti, head of insurance at PwC UK, remarked, “This partnership is an exciting opportunity for us to create value for our clients in a new way and is fully aligned with our strategy to work with insurance businesses to help solve challenges, build trust, unlock value and transform. We are particularly excited to be working with PoloWorks on this journey, who are a respected and growing player with a strong track record.”

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