The UK-Australia Insurtech Pathway is a partnership between Insurtech UK, Insurtech Australia and the UK Department for Business and Trade (DBT) that aims to strengthen relations between the UK and Australia, and to support our insurtech communities to leverage the opportunities afforded by facilitating access to these markets.
Insurtech in the UK
Insurtech in the UK is one of our fastest-growing sectors, contributing around £5 billion per year and counting to UK GDP. We have the highest number of insurtech companies per capita of any major world economy (Source: The United Kingdom – The Nexus of Insurtech, 2023).
The UK also invests the second highest amount of funding into insurtech worldwide after the USA, making it an attractive proposition for overseas insurtechs seeking to expand beyond their home shores (Source: Insurtech Down Under: Trends, Tech and Triumphs, March 2025).
Insurtech in Australia
Australia’s insurtech sector is vibrant, maturing, and growing in prominence on a global level, fuelled by technology, collaboration and changing consumer needs – and backed by the rapid advancement of the country’s start-up ecosystem over the past decade.
No longer limited by small capital markets and population size, Australia is now in the top 7 nations worldwide for global venture-backed funding.
Its smaller, less competitive insurtech market benefits from strong connectivity, a highly regulated financial system, and established expertise in key areas like agriculture and climate risk. As such, it offers startups a strong testing ground in which to refine their products before competing internationally. Indeed, its geographic position encourages a focus on global scalability from inception, with international expansion seen by Australian insurtechs as crucial for long-term success (Source: Insurtech Down Under: Trends, Tech and Triumphs, March 2025).
About the UK-Australia Insurtech Pathway
The UK and Australia are both recognised as hubs for insurtech innovation, with strong regulatory frameworks, mature insurance markets, and thriving technology ecosystems.
Following the establishment of the UK-Australia Free Trade Agreement in 2023, it is also now easier than ever for the two nations to do business with one another.
The UK-Australia Insurtech Pathway aims to provide a structured pathway for UK and Australian insurtechs to scale internationally in these respective markets.
It provides practical support to a select cohort of UK insurtech companies seeking to enter the Australian insurance market, and to Australian insurtech companies looking to establish themselves in the UK.
This includes:
- Market entry support – guidance on regulation, compliance, and business setup
- Networking and partnership opportunities – connections with mentors, industry leaders, insurers, investors, and government partners
- Trade missions and events – delegations and showcases in both markets
Find out more
If you would like more information about the Insurtech Pathway and how to register for its structured support please click below to register your interest.
