Insurer Tokio Marine Kiln has published a report highlighting the difficulty that founders of FemHealth businesses – women’s health start-ups – have in securing the cover needed for their enterprises. The carrier said the market was expected to grow from around £22bn to £82bn in the next five years.

The report, based on interviews with 47 FemHealth founders, shows that 76% of them struggled to secure the insurance their business needed. This impacted the speed at which they could bring their products and services to market.

Kirsten Shastri, head of life sciences at Tokio Marine Kiln, said: “FemHealth is an exciting and fast-growing sector that needs our knowledge and expertise to thrive and insurance needs to keep pace with innovation.

“TMK is committed to working with our industry partners to highlight these issues and bridge the knowledge gap around women’s health, so we can help bring more of these businesses’ much needed innovations to market.”