ILC ARTICLE

ILC partners with insurtech unicorn

26th May 2022

I Love Claims (ILC) is proud to announce insurtech unicorn Marshmallow as a new Insurer Partner.

The 100% digital provider was launched to simplify the motor insurance journey, providing customers with fast and easy access to affordable policies. It has been on a steep trajectory of growth since then, quadrupling its customer base in 2020 and doubling it again last year before achieving unicorn status with a £1.25bn valuation in the autumn.

Mark Hadaway, ILC Managing Director, said, “Marshmallow has captured everyone’s imagination in recent years and is presenting motor insurance in a completely new way. Their success has been astonishing, and we’re proud to welcome them to the ILC community.

“In many ways our philosophies of innovation and disruption for the greater good are aligned, and we look forward to working with them even more closely in the future.”

Paula Coulthard, Insurance Director at Marshmallow Insurance Ltd, said, “Our goal is to eventually give everyone access to affordable insurance products.  By joining a community such as ILC will help us with our innovation and strategy in delivering our goals.”