Insurance technology firm BAIS announced today GM David Hampton has been promoted to CEO.

His appointment follows the decision of MD Jim Armstrong to take up a new role as Chairman after running the business for the last 30 years.

Mr Hampton, who joined last year, says insurtech is one of his focus areas as he looks to drive the company’s roadmap for the future.

He is particularly keen to partner insurtechs that are looking for new avenues to showcase their “coolest” solutions.

“BAIS already provides one of the most robust and user-friendly insurance systems available,” he said.

“A successful partnership will provide our underwriting agency and broking clients with access to new solutions and know that all the right checks and balances remain in place.”

Mr Hampton intends to also concentrate on driving technology improvements and solutions for underwriting agencies.

He says this segment is not well served with dedicated insurance technology products.

Mr Armstrong says he will remain an active part of the team and believes the business has found the right leader to grow the business further.

“The series of improvements to our operations, sales and client service capabilities that [Mr Hampton] has already made, demonstrate [he] is the perfect person to keep driving the company forward,” he said.