Insurtech UK Logo
A North American adventure with Insurtech UK

Scaling overseas: USA & Canada

USA webinar overview image

Scaling overseas: USA & Canada

A webinar with the UK Department for Business & Trade

This recorded webinar aims to help UK insurtechs get started with their international ambitions to scale to the United States and Canada.

Watch on YouTube

The UK-Connecticut InsurTech Corridor

The UK-Connecticut InsurTech Corridor is a commercial collaboration to develop InsurTech trade opportunities as part of the broader US-UK Financial Innovation Partnership (FIP).

Its primary objective is to remove barriers US and UK InsurTechs face when entering and expanding in each respective market in order to facilitate traction and growth.

Key benefits

Through close collaboration between the UK Department for International Trade, CT IFS (Connecticut Insurance and Financial Services trade association) and Insurtech UK, the InsurTech Corridor will help participating US and UK companies:

  • Increase their knowledge of each respective market
  • Access resources and make valuable connections to accelerate their business growth
  • Connect with business development and investment opportunities
  • Streamline US and UK market entry by leveraging the local insurance ecosystems

About the UK-Connecticut InsurTech Corridor

UK-Connecticut corridor launch video screenshot

The creation of an insurtech corridor was formalised on March 10th, 2022, following the signing of an agreement between DIT and Connecticut to develop an online platform of resources for launch later that same year.

Watch the launch video

Uniting two global insurance capitals

The UK insurance sector has developed a world-leading reputation for best practice and innovation.

Benefitting from a digitally advanced home market, a first-class regulatory regime, an abundance of talent, and access to the 4th largest global insurance market in the city of London, the UK houses Europe’s biggest and most dynamic ecosystem for insurtech start-ups and scale-ups.

The State of Connecticut by comparison has one of the oldest and largest insurance industries in the US.

Often nicknamed, “The Insurance Capital,” more than 100 different insurance companies call Connecticut home.

The State maintains the highest percentage of insurance jobs per capita, and ranks among the top three in net premiums written.

Its capital city of Hartford is a historic international center of the insurance industry, home to companies like Aetna, Conning, The Hartford, Prudential, Travelers, AXA, and Nassau Re.

As a result, Connecticut has also developed a thriving insurtech ecosystem and rates as the top destination for US market entry.

Find out more

For questions related to the InsurTech Corridor, please contact us via the link below.

Non-insurance firms including professional service providers, investors, media, as well as organizations or individuals interested in becoming a strategic partner or mentor for the program, or to simply learn more about the program itself, are also encouraged to get in touch.

Find out more