Here are five reasons why London excels for insurtech:
1. Funding opportunities
London-based insurtech companies have successfully secured a remarkable $3bn[1] in funding between 2017 and 2022, highlighting the availability of capital for innovative ventures. Notable funding rounds include Accelerant, YuLife and Stable.
2. Market size and potential
The London insurance market boasts an impressive value of $110bn[2], surpassing the combined worth of all its nearest competitors. This substantial market provides a vast canvas for insurtech companies to grow and thrive.
3. Supportive ecosystem
Insurtech Gateway, Lloyd’s Lab, and Startupbootcamp InsurTech are dedicated accelerators specifically designed to nurture and propel the growth of insurtech startups in London and the UK. These programs provide access to resources, mentorship, and networking opportunities that are crucial for success.
4. Leading the way
London's insurance market has established itself as the largest global hub for commercial and specialty risk. As an insurtech founder, tapping into this vibrant ecosystem presents unparalleled opportunities for collaboration and business growth.
5. A green future
London and the UK are paving the way for green finance solutions, with the London Stock Exchange named “greenest exchange in the world” and London’s Green Finance Institute, a forum that helps shape the global green finance agenda.
See London's Insurtech facts:
How we can help
London & Partners offers free advice to potential and existing overseas investors, from startups to established companies.
We can help you:
- Stay informed and access the latest developments, initiatives and incentives.
- Connect with the wider ecosystem, including support networks and trade associations.
- Future-proof the setup of your London business.