TICKER
Entrepreneur Richard King explains how Ticker is disrupting insurtech with its use of connected data and sophisticated pricing
Disruptive insurtech , Ticker is accelerating change with connected motor insurance that targets niche markets .
Founder and CEO , Richard King is looking to deliver a high growth strategy and hit + US $ 100mn Gross Written Premium ( GWP ) by the end of 2022 .
As an insurtech , Ticker is taking connected motor insurance to a much wider market , using the latest telematics technology and pricing methods . They are targeting markets from low-mileage drivers to the over 70s and anyone with a driving conviction , who may find it hard to get traditional insurance .
It already looks like Ticker is in the fast lane when it comes to financial backers . England footballer and presenter Gary Lineker and entrepreneur Theo Paphitis , known for his appearances on TV ’ s Dragons ’ Den , are just two famous faces who have become seed investors and brand ambassadors .
“ The key to Ticker ’ s success is winning in niches ,” said King , who already has two startups under his belt . “ Ticker is a digitalfirst motor insurtech but , at heart , we ’ re a data company .
“ This year , we plan to launch an electric vehicle product and a proposition for drivers new to the UK , who are often treated as brand-new drivers even with a long driving history .
152 February 2022