Wakam UK enters motorcycle insurance market

Wakam has partnered with Principal Insurance to launch a motorcycle insurance offering in the UK, adding underwriting capacity to a market that has seen reduced competition and tighter underwriting in recent years.

The partnership combines Wakam’s digital underwriting capabilities with Principal’s focus on motorcycle insurance, with the aim of expanding coverage options across different rider types and bike categories, including non-standard and multi-bike policies.

The initiative is designed to address limited availability and rising premiums by introducing more flexible underwriting and product structures tailored to how motorcycles are used.