The new recruit will help lead the insurtech in its next growth phase 

QMetric, the UK insurtech that provides home and motor insurance under the Policy Expert brand, has hired a new chief executive named Sanchit Suri.

Suri has 14 years of industry experience, including advising reinsurance and insurtech companies at financial services firm JP Morgan - here, he held senior roles such as managing director.

At QMetric, Suri will work alongside Policy Expert’s co-founder and chief operating officer Adam Powell to lead the business into the next phase of its growth journey.

Suri will succeed co-founder Tony Deacon, who has retired.

Powell said: “Over the last 10 years, QMetric has established itself as one of the UK’s most successful insurtechs. Few other entrants have matched our rapid growth or our positive earnings before interest, taxes, depreciation and amortisation (ebitda).

“Suri has an extensive and accomplished background that will prove invaluable as we embark on the next chapter of Policy Expert’s journey.”

Next phase of growth

QMetric uses a data science led approach to risk and pricing, which is powered by its proprietary technology platform. The business strives to offer an end-to-end customer journey, from pricing to claims.

The Policy Expert brand is set to pass the milestone of one million live policyholders before the end of 2021.

Suri added: “I am extremely honoured and excited to join the QMetric team and take it into the next phase of its growth journey – the plans we have in store are very exciting.

“I would like to thank Tony for building an extraordinary business and very much look forward to working closely with Powell and the team.”