Restructuring an Insurtech Carrier

Restructuring an Insurtech Carrier: Proactive Regulatory Transformation

The Challenge

An insurtech carrier needed fundamental operational restructuring to support growth plans while maintaining regulatory credibility. The existing dual-entity structure - a licensed carrier writing business through a local MGA with outsourced regulated functions exposed governance gaps that would not withstand regulatory scrutiny as the company scaled.

Rather than waiting for regulatory pressure, the transformation was initiated proactively.

What Was Done

Over 10 months, a comprehensive transformation was executed:

- Regulatory approvals secured for a restructured operating model

- All regulated roles were internalised, eliminating third-party dependencies

- MGA oversight strengthened with rebuilt risk governance

- A new, capital-efficient model was implemented

- New consumer product launched

- Board transparency maintained throughout on the strategic rationale

The Outcome

Revenue scaled 4x through the following 12 months.

The transformation demonstrated that proactive regulatory management creates a competitive advantage over reactive competitors.