In a significant development for the UK insurance market, Just has announced its partnership with Sapiens International Corporation N.V. on March 17, 2026, to modernize its systems and support growth in the retirement sector.
Just, which manages over £27 billion in customers’ retirement savings and has facilitated the release of more than £7 billion from properties, aims to leverage Sapiens’ Insurance Platform for Life & Pensions to enhance its service offerings.
Tom Evans, Managing Director Retail at Just, stated, “Sapiens’ solutions allow us to onboard new customers efficiently, integrate seamlessly with third-party partners, digitise the customer experience, and support our continued innovation of new products and services.” This partnership is expected to bolster Just’s position in the competitive retirement market.
In a related move, Oaktree Capital Management is acquiring a controlling stake in Atlantic Coast Life Insurance Company. This acquisition is part of Oaktree’s strategy to invest in insurance companies during periods of market dislocation.
Patrick C. George, senior vice president at Oaktree, remarked, “Our planned acquisition of Atlantic Coast Life is the latest in a series of insurance investments where we partner with companies during a period of market dislocation or transition.” Oaktree currently manages total assets of approximately £223 billion.
Additionally, The Institutes have launched the Associates in Insurance AI designation, aimed at equipping insurance professionals with essential AI skills. The program includes courses on AI fundamentals and enhancing the insurance value chain.
Adam Carmichael, president of The Institutes Knowledge Group, noted, “AI can certainly help bring about efficiencies across the insurance value chain, but we also want to make sure that it does not do things like introduce unintentional bias or create data privacy risks.”
These developments reflect a broader trend in the insurance industry towards modernization and the integration of advanced technologies to improve customer service and operational efficiency.
As these initiatives unfold, industry experts and stakeholders are keenly observing the impact on the market and the potential for future innovations.
Details remain unconfirmed regarding the full implications of these partnerships and acquisitions on the insurance landscape in the UK.
