UK Insurtech Policy Expert Appoints Kevin Chidwick as CFO
Policy Expert, the UK insurtech that provides home and motor insurance to over one million policy holders, has today announced the appointment, subject to regulatory approval, of Kevin Chidwick as Chief Financial Officer, harnessing over three decades of experience from major insurance brands including Admiral and Confused.com. Kevin’s appointment follows the retirement of Paul Gildersleeves after a 40-year career in financial services, including ten years establishing Policy Expert as a profitable insurtech which ranks among the UK’s fastest growing and a top 10 UK home insurance provider by number of customers.
Policy Expert has grown rapidly since 2011 by harnessing proprietary technology and advanced data analytics to disrupt the insurance status quo. Its model is built to deliver clear, transparent, and fairly priced home and motor insurance for over one million policyholders, backed by best-in-class customer service. Having doubled its customer base in less than three years, the business announced in May 2022 that it has secured a six-year agreement with Accredited Insurance (Europe) Limited with a targeted capacity of £2bn in gross written premium to support further expansion.
Kevin brings over 35 years of experience across financial services. He was previously CFO of Aspen Insurance Group, a specialty lines insurer & reinsurer, and he has previously served as CFO of Admiral Group and CEO of Confused.com. His appointment will see him work closely with Steve Hardy, Executive Chairman of Policy Expert, and the rest of the Policy Expert executive team to drive the next stage of the business’ growth.
Steve Hardy, Executive Chairman of Policy Expert, commented, “Policy Expert has become one of the UK’s most successful insurtech businesses, graduating from start-up to become a high-performing, profitable and scalable proposition. It’s clear our approach of blending data science, proprietary tech and artificial intelligence to improve the customer experience and overcome traditional frustrations with insurance to benefit customers is working. I’d like to thank Paul for his hard work over the last 10 years, and I look forward to working with Kevin to continue our growth.”
Kevin Chidwick, Chief Financial Officer of Policy Expert, commented, “This is a really exciting time to join the Policy Expert team. The business has long stood out to me as ‘one to watch’ as the first home insurance proposition engineered for the aggregated 21st century insurance market. Its rapid growth is a sign of a business that is proving its ability to outperform far longer established brands, and I’m looking forward to playing my part in continuing the growth of the business.”