Marshmallow Financial Services accused of stealing ‘trade secrets’

In an ongoing court case, the insurtech has been accused of profiting from a joint business agreement by tapping into ‘trade secrets’

Insurtech startup Marshmallow Financial Services has been ordered to disclose its rating tables and underwriting rules, after being accused by Mulsanne Insurance of stealing ”trade secrets” to set up its own insurance arm.

In an ongoing case, Mulsanne alleged in a High Court claim on 11 March that the insurtech stole confidential information used to price and rate motor insurance policies to set up Marshmallow Insurance Ltd.