IKEA has entered the UK home insurance market through a partnership with insurtech firm Urban Jungle. This collaboration will see Urban Jungle gain access to IKEA's UK customer base under the new arrangement. In addition to this partnership, Urban Jungle has received accelerated support from the Financial Conduct Authority (FCA), indicating regulatory backing for the company's operations.
Original Source: https://www.lifeinsuranceinternational.com/analyst-comment/embedded-insurance-ikea-uk-home-insurance/