OneAdvent, a specialist managing general agent (MGA) services platform, has announced a partnership with Anansi, a last-mile shipping insurance MGA. The collaboration aims to strengthen Anansi’s operational and regulatory framework as it expands in the UK insurance market.
Under the partnership, OneAdvent will provide regulatory, compliance, and business oversight to Anansi. The insurer is already partnered with Gallagher Re and supported by A-rated UK-based insurer Greenlight Re.
The company described Anansi as the first UK-regulated provider of last-mile shipping insurance, offering cover for loss and damage to delivered packages. Its model targets challenges in e-commerce and home delivery, where retailers often rely on courier compensation or self-insurance systems.
Anansi founder Megan Bingham-Walker said the partnership will support the company’s expansion.
“We are thrilled to have made such a valuable partnership with OneAdvent; their oversight and backing will enable us to scale up as we support some of the UK’s largest retailers,” she said. “E-commerce and home delivery has grown exponentially in the last decade. We estimate that the current courier compensation, self-insurance model costs retailers between £500 million and £1.5 billion per year in the UK alone. We believe our offering will become an essential product to all retailers offering delivery services.”
Tim Quayle, chief executive officer at OneAdvent, said the partnership is intended to help Anansi strengthen its position in the market. “We know how important it is for early-stage MGAs to have a trusted partner who can deliver personal and collaborative support,” he said. “Anansi have been able to leverage our expertise, allowing them to focus on building and strengthening their unique last-mile insurance solution for the market. I am looking forward to working together with Megan and the team as they grow this innovative business.”
The UK package delivery (parcels) market is valued at over £15 billion as of 2024. This figure includes business-to-business (B2B), business-to-consumer (B2C), and consumer/small business consigned parcels. The market experienced a surge during the pandemic (2020–2021), exceeding £15 billion, and has since stabilised at this elevated level, with volumes close to four billion parcels per year. The B2C segment is now the largest and is expected to represent 65% of market value by 2028
For the e-commerce parcel delivery segment specifically, the market size reached approximately US$5.5 billion (about £4.5 billion) in 2024, with strong growth projected at a compound annual growth rate (CAGR) of around 12.2% through 2032.
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