11th October 2018
Skyline Partners, whose technology powered weather insurance offering targets the global protection gap, have recently secured funding to grow the business. Accompanying the Lord Mayor on his trade mission this week, Skyline Partners were delighted to announce their recently secured investment from OneAdvent, an MGA innovation hub.
OneAdvent boasts over 20 years’ experience launching businesses in the insurance industry and will support the company in the development and distribution of their innovative product. CEO, David Hill, said “Skyline Partners’ unique technological offering is unprecedented in this space and will undoubtedly be a game changer in an industry that is at a crossroads. We are excited that both our investment and platform will provide them with the tools they need to break into the market.”
Set to launch in 2019, Skyline Partners’ inaugural weather insurance product will provide affordable protection to the agricultural industry in India. The company’s founders, Gethin Jones and Laurent Sabatié, have spent the last year developing the technology-enabled insurance solution to give the underinsured an economical and reliable way to secure their sustainability.
Jones and Sabatié said: “We founded Skyline Partners to restore trust in financial protection and make it more accessible through technology and innovation. Our vision is to provide commercially viable and affordable insurance to the world’s underserved markets. We are delighted to work with OneAdvent and could not have found a better partner to deliver this”. Regarding the Indian trip, they said “We are humbled to be part of this business delegation in India with the Lord Mayor of London. His business of trust is an inspiration and it is an honour to join efforts for a strong UK and India collaboration.”
Lord Mayor of London Charles Bowman said: “I am delighted to hear that my delegation member Skyline Partners has secured this investment. During the course of our visit to India there was lots of interest in their offer, and I look forward to hearing about the company’s future successes as a result of our trip”.