Since launching in 2024, Wakam UK has a £400 million UK portfolio, maintained a 197% solvency ratio and established partnerships with leading A and AA-rated reinsurers. Over the past 12 months, it has further strengthened its position in the UK market, growing premium volumes, deepening partner relationships and seeing rising demand for its technology-led insurance solutions.
To support the company’s next phase of growth in 2026, Philip Ward has been promoted as Wakam’s new Group CFO. He brings more than 20 years of financial leadership across PLC and private equity-backed financial services businesses, with a proven track record in transforming corporate teams, processes and reporting to drive greater efficiency, resilience and strong performance.
A major milestone from this period was the new partnership between Wakam UK and Vitesse, giving Wakam UK and its partners access to a faster, more resilient claims payment infrastructure. The collaboration strengthens operational efficiency across the value chain and reinforces Wakam UK’s commitment to delivering insurance that is simple, transparent and highly responsive.
In addition, the company has also deepened its engagement with the Managing General Agents’ Association, contributing expertise, supporting ongoing market discussions and reinforcing its commitment to the delegated authority ecosystem. The company’s growing presence in the MGA community aligns with its strategy to support responsible innovation and deliver fast, accessible decision-making to partners.
This momentum has also been recognised across the wider industry. In recent weeks, Wakam UK has been shortlisted at the National Insurance Awards in the Claims Initiative of the Year category, acknowledging its focus on faster payments, improved processes, innovation and continued investment. The nomination reflects the company’s progress in modernising claims handling and delivering better outcomes for its clients.
Feedback continues to demonstrate that Wakam UK has a strong relationship with its partners, supported by a Net Promoter Score (NPS) of +60, placing Wakam in the excellent category. Respondents highlighted the speed, accessibility and responsiveness of Wakam’s teams as key differentiators in the competitive insurance market.
Speaking on the company’s progress, Mark Christer, CEO of Wakam UK, commented:
“2025 has been another defining year for Wakam in the UK. Our partnership with Vitesse strengthens the operational backbone our partners rely on and our ongoing work with the MGAA reinforces our commitment to the delegated authority market. With Philip being promoted as Group CFO, we are well placed to build on this momentum in 2026.”
Philip Ward, Group CFO at Wakam adds: “Wakam is one of the most forward-thinking insurance organisations in Europe. The past year has shown the powerful potential within the business, and I now look forward to helping guide the company through its next phase of growth and supporting teams across all markets as we continue to build momentum.”
All of this positions Wakam UK to enter 2026 with continued investment in technology, product development and partner support. With a clear focus on speed, transparency and resilience, the company is well placed for another year of strong performance as it expands its presence across the UK. With further partnership announcements already in the pipeline, Wakam UK is set to build even greater momentum in the year ahead.
