The new partner ’will bring exceptional value to all our members through their insights and facilities’, says chief executive 

Insurtech UK has revealed that it has teamed up with JP Morgan Payments to further support its members in a “rapidly changing insurance market”.

JP Morgan Payments, which will act as the trade body’s principal banking partner, combines treasury services, trade and working capital, card and merchant services capabilities to help clients pay customers or employees.

Insurtech UK said its members will get access to the skills and expertise the firm offers, which the trade body said was important in helping hit targets.

“This is a major step for Insurtech UK as it continues its mission to be the representative voice for insurtech in the UK,” the trade body said.

Melissa Collett, Insurtech UK’s chief executive, added: “We are delighted to have JP Morgan Payments on board as our first principal banking partner at Insurtech UK.

”This is a fantastic opportunity for our members to have access to JP Morgan Payments’ global expertise in a rapidly changing insurance market.

”We know that JP Morgan Payments is a dedicated partner and will bring exceptional value to all our members through their insights and facilities. We look forward to our work together and developing this partnership further.”


JP Morgan Payments processes nearly $10trn (£7.85trn) payments daily, operating in over 160 countries and more than 120 currencies.

As part of the deal, experts from the firm will have the opportunity to engage with Insurtech UK members, collaborate on thought-leadership and host events.

“We are excited to work with Insurtech UK to help drive innovation and transformation in the insurance sector,” Darren Snoxell, head of insurance for EMEA at JP Morgan Payments, said.

”JP Morgan Payments brings a wealth of experience in global financial services and this collaboration signifies our commitment to staying at the forefront on industry advancements.”

UK Insurtech lead at JP Morgan Payments David Hemmings added that the “partnership [aligned] with [its] commitment to delivering unparalleled payments solutions to the UK insurtech market”.

“We believe that by harnessing the power of technology and data, we can create more seamless and secure financial experiences,” he said.

”This collaboration with Insurtech UK underscores our dedication to driving innovation and shaping the future of payments.”