Staple, the Singapore-Based Insurtech Company, Signs Major Contract with Isle of Man Commercial Provider

Finance Isle of Man is delighted to announce that Staple, a leading Insurtech company based in Singapore, has signed a significant contract with a prominent commercial provider on the Isle of Man. This groundbreaking deal follows Staple’s successful participation in the Insurtech Accelerator Programme. The contract centers around a cutting-edge product that protects customer data, reinforcing the Isle of Man’s position as a global business hub.

Simon Pickering, Head of Insurance and Pensions at Finance Isle of Man, expressed enthusiasm about the partnership: “We are thrilled to see Staple, a distinguished participant in our Insurtech Accelerator Programme, secure this significant contract. This collaboration exemplifies the Isle of Man’s commitment to fostering innovation in the Financial and Professional Services sector. Staple’s expertise in Insurtech and data management aligns perfectly with our vision for growth.”

Ben Stein, CEO of Staple, echoed this sentiment: “As a tech company that delivers AI solutions to multinational organisations, it makes perfect sense to partner with Isle of Man commercial providers that cater to a worldwide client base. We are excited to be working with companies on the Isle of Man and are grateful to Finance Isle of Man for their support in our journey so far.”

This strategic alliance underscores the Isle of Man’s reputation as a well-regulated international finance centre, where forward-thinking companies like Staple find fertile ground for expansion. As the only finance centre located in a UNESCO Biosphere, the Isle of Man continues to champion sustainability, innovation, and excellence in Financial and Professional Services.