Insurtech CLARK Announces Expansion of Product Offerings in the UK
Frankfurt/Bristol – August, 7, 2024 – CLARK, Europe’s leading digital insurance broker, is announcing the expansion of its product offerings in the UK market. This development includes a new strategic partnership between CLARK UK and the British premier home insurance provider Source Insurance. Additionally, CLARK is introducing private medical healthcare consultation and whole-of-market brokerage services via its apps. These enhancements will allow customers in the UK to access a broader range of insurance products and receive quick quotes for home insurance cover, as well as comprehensive services for better healthcare.
CLARK UK has been operating under its well-known brands Tom (tom.co.uk) and Polly (polly.co.uk), which started as life insurance broker brands specialised in protection for mums and dads. Already today, Tom and Polly offer a wide-range of insurance products such as income protection and critical illness cover. Expanding these services to the Private Medical Insurance Health as well as Home & Contents sector is an important and strategic milestone for the Bristol-based business.
“As a trusted name in the insurance market, we at CLARK UK put the well-being and financial protection of our customers at the core of our business. The two product expansions for Home and Private Medical Insurance (PMI) mark a significant step towards offering a holistic suite of insurance solutions to British customers out of one hand and seamlessly integrated within a user-friendly app”, says Joshua Sargent, CEO CLARK UK.
Joining forces with Source Insurance, a leader in the home insurance sector in the UK, aligns with the company’s commitment to provide their customers with comprehensive, easy-to-access insurance products in their pocket. The partnership will allow Tom and Polly users to conveniently obtain quotes, purchase policies, and manage their home insurance alongside their life and health insurance products — all in one single app.
After Germany, the UK is the second largest market for the European scale-up. Benedikt Kalteier, the CLARK Group CEO, added, “The addition of private medical healthcare services, alongside our new partnership with Source Insurance to protect our UK customer’s homes represents a significant progress towards our international mission. We are living up to our commitment to build the insurance expert in our customers pocket, protect their world and give them peace of mind. These latest advancements are an excellent example of how we continue to lead the way in the insurtech industry.”
About CLARK
CLARK is one of the world’s largest insurtechs, with the mission to build the insurance expert in the pocket to protect the world of their customers. The mobile apps allow customers to manage, compare, and improve their insurance situation digitally in the most convenient way and provide expert advice at their fingertips. The insurtech is backed by investors including Allianz X, Portage, Tencent, White Star Capital, and Yabeo. The CLARK Group aims to deliver the best possible insurance experience to over 2 million customers in five European countries. From offices in Frankfurt (headquarters), Berlin, Bristol, Manchester, Paris, Zurich, and Leiden, more than 700 employees are reinventing insurance day by day.
Press Contact:
CLARK PR Team
press@clark.io