London, UK based technology-enabled insurance platform Gryphon Group Holdings has raised £180m in private equity funding from Leadenhall Capital Partners and Punter Southall Group. Making the most of digital and cloud based technologies, the company plans to maximise the potential of insurtech to build intuitive products and processes, which are simple to understand and easy to use for UK families.
Daniel Pender, CEO of Gryphon Group Holdings, said: “The insurance industry plays a pivotal role in our society but there is work to be done to keep pace with the evolving needs of customers and advisers. We felt there was a tremendous opportunity for an insurance challenger to build a business around the people it serves, and in doing so, establish strong long-term relationships built on trust. “We are creating what we think protection should look like in today’s digital age. Technology has moved on remarkably and our ambition is to embrace that, bringing an intuitive customer offer and adviser experience to market. This will give certainty to advisers when recommending our products and enable families to feel confident that we can offer the insurance that they need.”