Nimbla

Nimbla and QBE announce commercial partnership

Press release   •   Aug 07, 2019 08:00 BST

Nimbla and QBE announce commercial partnership

Nimbla, the pioneering invoice insurance startup, today announced a commercial partnership with QBE, one of the world’s leading business insurers, with the goal of bringing affordable trade credit insurance to small and medium-sized businesses.

The new partnership makes Nimbla a delegated underwriting authority of QBE and allows Nimbla to expand into new geographies through the global capabilities and professional network of QBE.

Nimbla, based in London, is a digital insurance platform designed to protect small and medium-sized businesses against insolvent customers. Providing fast and flexible insurance, Nimbla can help businesses expand into new and existing markets, secure invoice funding, and safeguard against insolvent customers.

Nimbla is a 2018 graduate of the Barclays Accelerator powered by Techstars in London. Nimbla and QBE’s commercial partnership is a result of Techstars’ and QBE’s Network Engagement Partnership, a program that creates opportunities QBE to gain access to Techstars’ network and connect with startups, founders, mentors and investors to advance their innovation goals.

“We are thrilled to now be working with QBE, a Standard & Poor’s A+ rated business insurer. Together we are committed to revolutionising the trade credit insurance industry, both here in the UK and abroad,” said Flemming Bengtsen, CEO and Founder, Nimbla.

“At QBE Global Credit & Surety, we are proud to listen to our customers and feel that the Nimbla platform gives those customers total flexibility and automation by using innovative technology and data science to make the product much simpler to use and attractive to smaller business. We are excited to be partnering with them to support this fast-growing sector,” said Nicky Ablett, Head of Global Credit & Surety, QBE Insurance Group.

This announcement coincides with the launch of Nimbla’s new online platform, which has been redesigned from the ground up to make it easier and faster to use.

About Nimbla

Nimbla is a digital insurance platform designed to protect small and medium-sized businesses against insolvent customers. With the Nimbla businesses safeguard against customer insolvency and check their ability to pay.

About QBE

QBE Insurance Group is one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2018, was US$13.7 billion.

Nimbla is a digital insurance platform designed to protect small and medium-sized businesses against insolvent customers. We offer real-time insurance and protect invoices against non-payment in the event of insolvency. Unlike traditional insurance models, our cover is flexible and adaptable to business needs — from a single invoice to multiple transactions.

Our innovative software allows businesses to review the credit rating of their invoices and insure them with a few clicks. By connecting with our digital platform, we can help your business expand into new and existing markets, secure invoice funding, and safeguard against insolvent customers.