3, 2, 1… go!

The InsurTech businesses in our portfolio all have a strong ideology. They bring trust back to the insurance industry, and remind us that customers should be at the heart of every business. They tear up the insurance rule book and risk it to win big. They know tech and insurance combined has the potential to change the world we live in.


Event-based flood insurance is the best way to provide affordable protection to those who need it most.

FloodFlash policies pay out as soon as flood water reaches a pre-agreed depth. This cutting-edge technology provides bespoke, fair premiums, for everyone, everywhere.

FloodFlash Founders Adam and Ian

“The team behind the InsurTech Gateway have formidable breadth of knowledge when it comes to getting start-ups off the ground. They get what startups need, have an impressive network, and the opportunity for incoming startups to cut down their time to market will be very valuable.”

Adam Rimmer, Co-Founder, FloodFlash

FloodFlash Founders Adam and Ian

FloodFlash vision: Flood is arguably the largest unsolved problem in insurance: of the $50bn in loss that occurs each year, $41bn is uncovered by insurance. FloodFlash are using concepts from the world of insurance-linked securities in mass-market products that can help close that global protection gap.

Gateway moment: Adam and Ian had found a concept of huge potential, and were looking for backers to enable them to move away from their jobs, and to build their business-case for investment. The Gateway immediately saw the potential in the FloodFlash duo, and jumped at the chance to offer them a safe landing, committing to a first investment. This was the boost they needed to take the leap and become full time founders, transforming their idea into a reality.

By Miles

Pay-by-mile car insurance for savvy drivers. A simple, straightforward policy that better fits the way you live.

Traditional insurance doesn’t make sense if you don’t drive much. With By Miles, a fixed annual cost covers your car while it’s parked, then you just pay for the miles you drive each month.


James and Callum by miles founders

“As a new InsurTech startup, making inroads in the traditional insurance world can be a slow process. With support from the InsurTech Gateway we were able to meet the right people at the right time, which was really helpful.”

James Blackham, Co-Founder and CEO at By Miles


James and Callum by miles founders

By Miles vision: Traditional insurance doesn’t make sense if you don’t drive much. By Miles saw the opportunity to use telematics technology in a unique way, providing economical, pay-as-you-go, car insurance. Their core values are fairer pricing, total transparency and making insurance easier to manage.

Gateway moment: By Miles was one of the most talked about new models in town, but with so many underwriters to choose from, the founders were faced with the mammoth task of deciding which partner would be the best fit. With the help of Rob Lumley, Co-Founder of the Gateway, they were able to find a partner with a healthy appetite for innovation, and with AXA’s help they set about disrupting an industry that hadn’t previously changed much in decades.


An unbeatable gadget insurance that replaces your devices within 24 hours. InMyBag protect devices & data against loss, theft & damage so you can keep working.

Inmybag team

“The co-founders at the Gateway have been invaluable to the development of InMyBag. Robert Lumley is a fantastic source of industry knowledge and is always offering support. Stephen Brittain has an endless capacity to bring ideas and creativity to the table. There is never any doubt that when you put Robert and Stephen into a room, the outcome will be productive yet unexpected!”

Gustav Holst Stuge, CEO, InMyBag

Inmybag team

InMyBag vision:  Gadget insurance just wasn’t cutting it for millennials, who expect outstanding customer service and immediate results. InMyBag have reinvent insurance around the customer experience and are proud of the transparency and speed their product offers.

Gateway moment: The Gateway gave the InMyBag team, with its roots in the tech sector, deep insurance industry knowledge. This really showed it’s value when InMyBag started on it’s journey to gain FCA authorisation, a process that normally takes startups 12 months to complete. With the Gateway on side, they managed to get their rubber stamp of approval in just 3 months!

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