Welcome to the

The collaboration between the UK and Connecticut, two globally recognized hubs for insurance

Corridor Overview

The InsurTech Corridor is a collaboration between the UK and Connecticut, two globally recognized hubs for insurance, for the purpose of designating a landing spot that allows UK insurtechs to test their proof of concept and connect into the US insurance ecosystem more effectively.

The InsurTech Corridor also provides companies across the US a clear route into the UK insurance ecosystem by way of Connecticut. This InsurTech Corridor forms a key part of the commercial pillar of the US-UK Financial Innovation Partnership.

Benefits

Entering US Market

What are the benefits for UK insurtechs?

1. Access to a streamlined US market entry point via the state of Connecticut joining together existing support, resources and opportunities through a formalised structure.

2. More insurtechs can test their product market fit in Connecticut, a competitive yet forward looking US state, with a good market size, a strong cluster of leading insurance companies, and excellent UK connections.

3. Reduced associated costs of this exploration and establishment so insurtechs aren’t unnecessarily priced out of the possibility.

4. Increased political capital for closer UK-US economic ties and the recommendation within the Kalifa Review to create ‘Fintech Bridges’ to key markets.

Entering UK Market

What are the benefits for Connecticut and US firms and organisations?

1. Unique competitive advantages for US-based companies accessing innovative UK insurtech businesses.

2. Attracting UK businesses to Connecticut and the wider US to support growth in one of the most dynamic global insurance markets, boosting wider economic and business opportunities.

3. Leveraging Connecticut’s reputation as a global hub for insurance and conduit for innovation in the US insurance sector and digital transformation of the industry across the US market.

4. Improved resources and more efficient channels for Connecticut and US-based companies conducting business in the UK.

insurtech

Latest News

News

PREDICTION AND PREVENTION OF FLOOD DAMAGE BECOMES A REALITY FOR US INSURERS, WITH PREVISICO-GEOSITE PARTNERSHIP

InsurTech Corridor participant and flood forecast specialist Previsico has announced a partnership with Geosite, a leading geospatial data provider. The new venture provides Geosite’s US …

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News

UK INSURTECH FLOODFLASH EXPANDS TO US WITH FIRST HIRE

InsurTech Corridor participant  FloodFlash, a UK-based parametric insurer, has expanded its business to the US and appointed a CEO to head up its new operation …

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News

FINTECHOS POWERS UP ADMIRAL’S DIGITAL PET INSURANCE PRODUCT

FintechOS, the high-productivity fintech infrastructure (HPFI) global leader, has announced that the FintechOS platform is powering UK insurance provider Admiral’s new digital pet insurance product. …

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Sector Statistics

$ 0 bn
Global insurtech market value in 2021
0 %
Expected CAGR from 2022 to 2030

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