Global Leading Reinsurer and Insurtech Start-up Solving UK SMEs’ £5.8bn bad Debt Problem

Nimbla partners with Digital Partners, Munich Re to develop innovative platform to cover insurance gap in the market, for SMEs

A reported £5.8bn bad debt write-off amongst all UK SMEs in the last financial year has spurred Nimbla, an insurtech start-up, to rethink how small companies manage their credit. The comprehensive Nimbla platform will provide SMEs with intelligent credit control and on-demand single invoice insurance using cloud accounting, as well as underwriting rules agreed upon by Munich Re’s business unit Digital Partners. After being named one of 24 successful firms to be accepted into the FCA regulatory sandbox, and an enthusiastic debut at Accountex, Nimbla is revealed as the latest insurtech start-up to partner with Munich Re’s Digital Partners. The A.M. Best A+ rated insurance company Munich Re has a strong precedent of identifying the most innovative insurtech brands, and provides a powerful market presence as Nimbla prepares to launch in October 2017.

“We are delighted to be working with Munich Re Digital Partners they are incredibly progressive in their approach and have so much experience that we can benefit from. Munich Re understands that the landscape for commercial lines is changing, especially for SMEs.”

Flemming Bengtsen, CEO Nimbla

”Digital Partners is a new Munich Re business unit designed to partner with digital disruptors who are changing the way insurance is experienced by customers. We are looking forward to working closely with Nimbla to enable them to offer a customised insurance proposition to the SME sector aligned with their customers’ needs”

Yannis Korgialos, Head of European Partners & Products of Munich Re’s business unit Digital Partners