Mark Wilson, former Chief Executive Officer of insurer Aviva, is venturing into InsurTech.
In Brief:
He will launch Abacai Holdings, by merging Abacai with Complete Cover Group (CCG).
This is in partnership with private equity firm Sun Capital Partners.
Abacai is a digital accountancy platform that uses AI.
What does this mean?
According to Sky News, the new venture will “target a share of the £16bn motor insurance market”. Wilson will be Co-Chairman of the InsurTech.
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