McKenzie Intelligence Services (MIS), a provider of intelligence-driven solutions for catastrophic event response, has announced its acceptance into the InsurTech Corridor. The move signifies a major step in its expansion strategy into the US market.
The InsurTech Corridor is a collaboration between the UK and Connecticut, two globally recognised hubs for insurance, for the purpose of allowing UK Insurtechs to test their proof of concept and connect with the US insurance ecosystem more effectively.
Daniel Grimwood-Bird, SVP, Sales & Marketing at MIS said: “The InsurTech Corridor provides some incredible support to UK Insurtechs expanding into, and growing in, the US through critical business infrastructure, networking, and expertise. “We are, therefore, thrilled to be part of the InsurTech Corridor to help us grow and build on the work we’ve been doing for a number of years, helping carriers to respond to events from hurricanes to hail. With Connecticut being the ‘home of insurance’ in the US, it is also a natural place to build on our US expansion plans.”
MIS aims to grow its ability to assist carriers, brokers, and TPAs to respond more effectively and efficiently to catastrophic weather and natural disaster events, such as hurricanes, earthquakes, hail, wildfires, and flooding.
Grimwood-Bird, added: “Looking ahead, MIS aims to continue to build on its presence in the US, which is a hugely significant target market for us with its substantial insurance economy and increasing frequency of catastrophic events, and contribute to the resilience of the insurance industry.”
Mike Hendy, Trade & Investment from the UK Department for Business, said: “MIS already has a proven track-record of delivering valuable intelligence-driven solutions for catastrophic event response in the US market and we are thrilled that they have become an excellent new addition to InsurTech Corridor.”
Susan Winkler, VP & Executive Director, CT Insurance & Financial Services, added: “Hartford, Connecticut’s insurance community, and its many stakeholders, stand united with a big welcome of support and partnership to our newest Corridor company, McKenzie Intelligence Services.”
