Rebecca Ince & Mark Oldroyd: Carbon: Carbon’s next chapter: Growth equity and the future of delegated underwriting (415)

Carbon Underwriting recently secured a significant growth equity investment from FTV Capital to accelerate its international expansion and technological development. The firm, which has grown from £150 million to £450 million in premium since 2023, plans to leverage this capital to enhance its proprietary "Graphene" platform, a digital spine connecting underwriting, claims, and operational workflows. By maintaining a centralized, standardized data model, the company aims to integrate advanced AI capabilities to improve decision-making confidence. Despite the industry's persistent reliance on manual bordereaux, Carbon is positioning itself to support more sophisticated data exchange as the market evolves. Future strategy focuses on scaling operations in the U.S. property and casualty sectors while maintaining a disciplined, culture-driven approach to growth as the team expands beyond 100 employees.