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Your Natural Choice for Insurtech

About

The Isle of Man is a globally recognised and well-established centre of insurance expertise and is ideally positioned as a hub for growth for Insurtech businesses.

Insurtech Isle of Man is a collaboration between the Isle of Man's government, regulator, insurance professionals and support services to underpin the development of a technology-led insurance innovation hub, supporting entrepreneurs and founders at the forefront of this field.

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Insurtech Ecosystem

International insurance groups, technology businesses and global consulting networks in the private sector combine with public sector enterprise, funding, educational and regulatory support to produce a close-knit and accessible ecosystem for Insurtechs.

Generous financial assistance programmes, relocation packages and dedicated enterprise support resources are available to Isle of Man-based Insurtechs.

Physical Hub

We provide collaborative workspaces close to the insurance community where minds can meet, share information and form alliances to accelerated the pace of development.For business scale-ups, office space and support is keenly priced.

Regulatory Pathways

Our independent, globally respected regulator - the Isle of Man Financial Services Authority - is a member of the International Association of Insurance Supervisors and delivers the highest of regulatory standards.

It is accessible, supportive and alert to the demands of Insurtech innovation.

Our clear regulatory pathways help Insurtechs to pass through proof of concept, start-up and scale-up phases with confidence.

Supportive Government

The Isle of Man Government has provided financial and infrastructure support to its insurance industry for almost half a century.  We are committed to continuing that through the digital transformation of international insurance services. 

Why the Isle of Man?

We provide an international Insurtech gateway through our global insurance and wealth management sectors, world-class regulatory environment and entrepreneurial spirit as well as being a great place to live and work.

19%

Insurance is the Isle of Man's largest single financial services sector representing more than 19% of GDP

£75bn+

Regulated insurance entities manage assets of around £75 billion, generating premiums in excess of £8 billion a year

2,000+

There is a wealth of talent in the Isle of Man right across the insurance value chain with over 2,000 people employed directly in the sector across life, general and insurance mediation.

50

Ours is a stable and diverse economy with healthy economic growth and 50 years of a national budget surplus. There is a clear and simple tax regime with no Capital Gains, Inheritance or Wealth taxes.

86%

86% of surveyed residents say they have an excellent quality of life and the Island was recently named the 'Safest Place in the British Isles'. Residents enjoy short commute times, excellent standards in both healthcare and education, and some of the lowest personal taxes in Europe.

Want to know more about the Insurtech sector in the Isle of Man? Download our key messages document.

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Simon pickering1

Simon Pickering
Head of Insurance & Pensions,
Finance Isle of Man

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