Insurtech platform Incept has partnered with global specialty insurer Fortegra to launch a new technology-driven title insurance proposition aimed at accelerating UK property transactions.
The agreement will see Fortegra provide underwriting capacity for Incept’s title insurance solution, which uses live Land Registry data to generate all-risks title insurance policies within seconds.
Incept said its platform has been designed to help speed up transactions for buyers, sellers and lenders by streamlining the procurement of title insurance through an automated portal.
The move comes as technology providers continue to target delays and inefficiencies within the UK conveyancing and property transaction process, with lenders increasingly focused on tools capable of improving speed and certainty.
LIVE DATA FEED
The algorithm-driven platform uses a live data feed sourced directly from HM Land Registry to enable users to generate on-demand policies instantly.
Fortegra, which has an established and growing UK presence, said the partnership reflected its focus on supporting innovative specialist insurance propositions.
Mark Figes, CEO of Fortegra Insurance UK, said: “Fortegra’s commitment to innovation and our financial strength make us well-positioned to support Incept’s ambition in the UK title insurance space.
“Their technology-driven platform represents exactly the kind of forward-thinking proposition we look for in a partner — one that delivers genuine value to the market. We look forward to supporting this exciting next chapter together.”
VOTE OF CONFIDENCE
Reema Mannah (main picture, inset), founder and CEO of Incept, added: “Fortegra’s support is a real vote of confidence in our platform.
“The team shares our belief in harnessing advanced technology to improve both the underwriter and client experience. Incept delivers true value, helping to cut through a saturated market where service quality is being otherwise diluted and premium rates are slipping to unsustainable levels.
“With the support of this world-class underwriter, our goal is to revolutionise how UK property transactions get done.”
