About Modus
Modus is a Financial Services company based in London (United Kingdom) founded in 2015, and was acquired by Acrisure in September 2023. Digital underwriting solutions are provided by data-driven MGA. It operates on a Professional Services and InsurTech model. Modus offers products and services including E-Trade Insurance Products, Liability Insurance, and Property Insurance. Its focus areas include Insurance and Underwriting. Its legal entity is Acrisure UK MGA Limited. Its competitors include Optio Group and Faversham Underwriting.
Company details
Modus, operating as a managing general agent, is focused on delivering fully-automated, e-traded insurance products and solutions tailored for insurance brokers. Services are provided in the liability and property sectors, with an emphasis on enhancing operational efficiency through cutting-edge technology. Risk assessment and claims handling are streamlined to ensure reliability. A true partnership with brokers is maintained to offer competitive premiums and comprehensive policy wordings. Expertise in data capture and online customer journeys is utilized to improve service delivery. Backed by A-rated capacity, solutions are customized to meet the unique needs of brokers and their clients across the United Kingdom.
- Headquarters London, United Kingdom
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website modusunderwriting.com
- Social LinkedIn
- Acquired by Acrisure (Sep 2023)
- Legal Name Acrisure Uk Mga Limited
Products & Services of Modus
Modus offers a comprehensive portfolio of products and services, including E-Trade Insurance Products, Liability Insurance, and Property Insurance.
Automated insurance solutions are provided for broker efficiency.
Liability coverage is offered to protect against risks.
Property insurance products are designed for asset protection.
Investors in Modus
Modus has secured backing from 1 investor. Prominent investors backing the company include Acrisure.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Insurance and business solutions are provided to individuals and enterprises. | 2005 | acrisure.com | Grand Rapids, United States |
Investor details for Modus
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People of Modus
1 people are tracked at Modus (1 in leadership).
| Name | Role | Group |
|---|---|---|
Simon Read | Managing Director | Leadership |
Complete people profiles for Modus
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Timeline of Modus
2 dated milestones of Modus across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Modus is founded.
- Exit Acquired by Acrisure.
Competitors of Modus
Modus has 2 listed competitors in our database. They include Optio Group and Faversham Underwriting.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| optiogroup.com | 2011 | London, United Kingdom | Claims consulting and insurance underwriting services are provided. | |||
| favershamunderwriting.com | 2013 | London, United Kingdom | 4 | Online insurance underwriting solutions are provided to brokers. |
Detailed competitors of Modus
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Related news about Modus
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Frequently Asked Questions about Modus
Modus was founded in 2015.
Modus is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Modus, operating as a managing general agent, is focused on delivering fully-automated, e-traded insurance products and solutions tailored for insurance brokers. Services are provided in the liability and property sectors, with an emphasis on enhancing operational efficiency through cutting-edge technology. Risk assessment and claims handling are streamlined to ensure reliability. A true partnership with brokers is maintained to offer competitive premiums and comprehensive policy wordings. Expertise in data capture and online customer journeys is utilized to improve service delivery. Backed by A-rated capacity, solutions are customized to meet the unique needs of brokers and their clients across the United Kingdom.
Modus's top competitors include Optio Group and Faversham Underwriting.
Modus offers E-Trade Insurance Products, Liability Insurance, and Property Insurance.
Modus has 1 investor. Key investors include Acrisure.
Modus operates through Acrisure Uk Mga Limited.
Yes. Modus was acquired by Acrisure in September 2023.