Malaysian digital insurer VSure.life announced its expansion to the United Kingdom to make it affordable for small businesses to access insurance.
VSure has aligned with local player McGill and Partners, a boutique (re)insurance broker specialising in creating bespoke, game-changing solutions for clients, to increase its market penetration in the UK.
The company has also collaborated with specialist insurance expert Pro MGA Global Solutions to gain a better grasp and understanding of the UK insurance scene.
As an appointed representative of Pro MGA Global Solutions, the company has obtained its Managing General Agent (MGA) licence.
This enables VSure to carry out regulated insurance activities in the United Kingdom, beginning with community-based commercial insurance programmes later this year.
As part of the announcement, Gary Ross was appointed as the VSure’s UK CEO to lead its operations in the region.
Gary has over 30 years of experience in the UK insurance industry and has held numerous leadership roles in various organisations over the course of his distinguished career.
“Being a part of VSure is an exciting step in transforming the UK insurance industry to provide more simple, affordable, and flexible solutions to empower and grow local business communities.
VSure have all the necessary approvals and licenses from regulators and cannot wait to start making waves locally.”
Eddy Wong, Co-founder, CEO and Managing Director at VSure Group said,
“Our launch in the UK represents a significant step forward for the company in becoming a serious player in using technology to revolutionise the insurance industry globally.
Having a foothold in the UK and partnering up with local players will give us a strong platform and profile to continue expanding internationally.”