Kenneth Carmichael, technology practice leader, explains his firm’s entry to the excellence in underwriting category
1. Why did you put yourselves forward for the Excellence in Underwriting category?
We entered this category because we believe CFC’s startup technology scheme is genuinely groundbreaking. The team has re-imagined underwriting for early-stage startups – an underserved and hard-to-place segment with significant potential for risk transfer and growth.
The startup scheme reduces friction, blends core cover with emerging risk protections and includes a pioneering feature that keeps startups trading if funding is lost after a cyber event. It delivers faster decisions, clarity for brokers and broader market access – all key elements of this category.
2. What makes your entry stand out, and why should you win the award?
The combination of innovative product design and distribution enablement makes our entry stand out. Accessible pricing for pre-revenue firms and tailored, wraparound cover create real value.
The education programme also helps build confident tech trading brokers. Overall, the successful results and strong GWP growth demonstrate product market fit. We believe we should win because we’ve opened a previously inaccessible market while maintaining quality, speed and clarity for brokers and customers.
3. What would winning this award mean to you and your firm?
Winning would validate a bold proof of concept, energise our team and partners and amplify our impact on the UK tech ecosystem.
Recognition would help us scale a data driven, multiline facility that is already delivering outsized growth, while reinforcing CFC’s leadership in emerging risk and broker enablement.
It would also affirm the broker education provided, giving more clients access to expert advice and cover, and celebrate the ingenuity of CFC’s underwriters, who have turned an underserved segment into a viable, growing market.
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