# Legal & General Insurance appoints Nick Frankland as the Managing Director for its new Fintech business      Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-07-28 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Legal & General Insurance appoints Nick Frankland as Meta Description: Legal & General Insurance (LGI) names Nick Frankland as new MD Fintech, driving innovation and growth in technology-focused insurance products. URL: https://financedigest.com/legal-general-insurance-appoints-nick-frankland-as-the-managing-director-for-its-new-fintech-businesshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/portrait-of-a-young-success-1736843652135-compressed.jpg) Legal & General Insurance (LGI) has appointed Nick Frankland into a new role of Managing Director, Fintech, effective from 1 August 2017. ![Nick Frankland](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/nick-frankland-1736843652075-compressed.jpg) Nick Frankland As the number one insurance provider for UK Retail Protection for 14 years with a 25% market share, Legal & General has been at the forefront of technology innovation and digital business practices for nearly two decades since the launch of [Online quote and apply for life insurance](https://www.financedigest.com/improving-online-visibility-for-insurers.html "IMPROVING ONLINE VISIBILITY FOR INSURERS") in 2000. This has enabled straight through processing for over 80% of customers and [digital marketing has helped to grow](https://www.financedigest.com/the-global-digital-label-printing-market-will-grow-at-a-significant-cagr-throughout-2020-2030.html "The Global Digital Label Printing Market Will Grow At A Significant CAGR Throughout 2020-2030") our direct business by 56% over the last 3 years. This newly created business will build and buy into a range of [fintech companies that use the latest technology and innovative](https://www.financedigest.com/financial-technology-fintech-how-to-navigate-the-latest-trends-and-innovations.html "Financial Technology (FinTech): How to Navigate the Latest Trends and Innovations") approaches to help and engage customers. Legal & General, through its fintech subsidiary Investments Discounts Online (IDOL), has been helping customers for many years get better value [insurance products](https://www.financedigest.com/insurance-products-growing-in-importance-in-2021-and-beyond.html "Insurance products growing in importance in 2021 and beyond") operating as an online comparison tool for life, travel and pet insurance. [Last year](https://www.financedigest.com/crypto-investors-step-up-risk-management-after-last-years-meltdowns.html "Crypto investors step up risk management after last year’s meltdowns") more than 2 million travel policies were arranged via the IDOL comparison tool. IDOL will form a key part of the new fintech business area. Nick joined Legal & General in 2010 as a senior director and has since led a number of major businesses across the group including a period as Group Digital [Operations](https://www.financedigest.com/white-bullet-appoints-stuart-dickinson-as-director-of-advertising-operations-and-client-success.html "White Bullet appoints Stuart Dickinson as Director of Advertising Operations and Client Success") Director. Nick specialises in transformation and [Chief Operating Officer roles](https://www.financedigest.com/the-new-role-of-the-cfo-the-de-facto-chief-growth-officer.html "The New Role of the CFO: The De Facto Chief Growth Officer") and has an extensive background in sales and marketing.  Nick’s most recent success has been as interim [CEO of Legal & General Modular Homes where he was asked to take the company through its final stages of set](https://www.financedigest.com/unilever-ceo-set-to-leave-after-gsk-debacle-arrival-of-activist-investor.html "Unilever CEO set to leave after GSK debacle, arrival of activist investor") up and into the commercial market. Prior to that Nick was Chief Operating [Officer and Transformation Director for Mature Savings](https://www.financedigest.com/france-to-turn-off-hot-water-in-public-offices-to-save-energy.html "France to turn off hot water in public offices to save energy"). **Bernie Hickman, CEO, LGIsaid**, “I’m delighted to [announce the appointment](https://www.financedigest.com/impact-com-announces-appointment-of-ning-wang-to-board-of-directors.html "impact.com Announces Appointment of Ning Wang to Board of Directors") of Nick Frankland to the role to take this business forward. Legal & General have been industry leaders in technology and [innovation for protection for many years and we have the opportunity](https://www.financedigest.com/luggage-market-development-innovation-opportunities-and-growth.html "Luggage Market Development, Innovation, Opportunities And Growth") to bring together the many benefits and strategic advantages that Legal &General enjoys with the fast pace, technology first, customer centric features of successful digital start-ups to create fintech businesses with the aim of delivering exponential growth”. **Nick Frankland, Managing Director Fintech for LGI commented,** “I am looking forward to joining LGI to lead the fintech business. There are a number of exciting ventures already in the pipeline that will allow us to launch new offerings to customers. We have the capability and the [opportunity using technology to make a radical difference and further grow](https://www.financedigest.com/global-animal-pregnancy-test-kits-market-2021-swot-analysis-drivers-restraints-growing-opportunities-latest-trends-applications-and-forecast-to-2028.html "Global Animal Pregnancy Test Kits Market 2021 SWOT Analysis, Drivers, Restraints, Growing Opportunities, Latest Trends, Applications And Forecast To 2028") our business”. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---