Swiss Re's iptiQ enters distribution partnership for UK life insurance products with Candid

Zurich, 30 January 2023 – Candid, the UK-based insurtech (part of the Clark Group of companies), and Swiss Re's iptiQ join forces to provide affordable and accessible life insurance solutions to UK customers. The newly launched digital-first offering is distributed through Candid's well-established Polly and Tom brands.

This strategic partnership harnesses Candid's leading position in distributing life insurance products to UK customers and iptiQ’s cutting-edge digital B2B2C insurance platform, combined with its underwriting expertise.

Candid's Polly and Tom brands offer targeted and affordable life insurance solutions to mothers and fathers, respectively. The newly launched offering with iptiQ is seamlessly integrated into Candid's existing distribution platform, providing a state-of-the-art customer experience. 

Matt Edwards, CEO of Candi ¹, said: "Our mission at Candid is to disrupt the UK life insurance market, focusing on the customer, providing good solid advice, affordable pricing and simple to understand products. We are therefore delighted to have found a partner in iptiQ who shares this vision with us."

Andreas Schertzinger, Regional Market Executive iptiQ EMEA, said: "This new partnership with Candid is a prime example of iptiQ's focused B2B2C approach, as we work closely with innovative businesses that share our vision to make insurance easier and therefore more accessible for a broader range of customers. We are grateful for Candid's trust in iptiQ's digital capabilities and look forward to jointly expanding our UK ecosystem."

Matt Edwards added: "Having seen what iptiQ can offer as both an insurance and technology partner, the decision to collaborate with iptiQ was an easy one. I am very proud and extremely excited to be launching our very own Polly and Tom life insurance and serious illness products, and I genuinely believe this to be the first step in a cycle of disruptive pivot towards a customer-first mindset in the life insurance market".

¹Note per 1st of July, 2023: ''Previously named Candid, the company has been rebranded to CLARK UK in July 2023. Any older references therefore might use the name Candid.''

Media contact

Swiss Re Group Media Relations
Zurich, Switzerland
+41 43 285 71 71
[email protected]

Matthew Edwards, CEO Candid, and Joshua Sergeant, COO Candid talk about how their partnership with iptiQ helped them to launch a fully digital offering using iptiQ's B2B2C insurance platform.

iptiQ

iptiQ is a digital B2B2C insurer with the goal to make insurance more convenient and accessible to end-consumers through partnerships with other insurers, insurance intermediaries, banks and consumer brands. By applying its end-to-end digital platform, iptiQ provides life and non-life insurance products and creates multi-channel customer experiences. iptiQ works with brands around the world and was created by Swiss Re, a leading provider of reinsurance, insurance and other insurance-based forms of risk transfer. To learn more, visit www.iptiq.com.

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