The move will enable UW to better tailor its insurance offer as part of its unique multiservice proposition, which provides simplicity and savings for customers by bundling energy, broadband, mobile and insurance onto one bill.  

In the six months to September 2022, the company saw 67% growth in insurance policies which form part of its multiservice bundle, with more than 1 in 5 new customers now taking an insurance product when they sign up to UW. 

Andrew Lindsay, co-CEO of Utility Warehouse, said: “The GFSC green light is an exciting step on the journey as we continue to grow and tailor our insurance offer for our unique multiservice homeowner demographic, giving us even greater ability to deliver the best-in-class service, simplicity and savings our customers love.” 

UWI is led by Austyn Tusler, previously of Hiscox, Barbican Insurance Group and UK General Insurance.