The Isle of Man has an established insurance industry spanning over 50 years and is home to world-leading insurance brands, providing premium investment and wealth management services to global clients across a wide range of products.
Insurance technology (Insurtech) innovation is accelerating at an unprecedented rate globally, and with an already well established insurance sector on the Island, the Isle of Man is ideally placed to become a platform for development.
Following a detailed feasibility and planning phase, the Isle of Man is collaboratively working alongside some key players within the industry to support the development of the Island's Insurtech ecosystem. This collaboration of the public and private sectors enhances skills and talent, and ensures a welcoming regulatory environment for insurance innovation. A programme to develop collaborative links with other international Insurtech and Fintech hubs worldwide is also underway.
Our years of experience and extensive global knowledge make the Island an attractive base for Insurtech businesses to operate from. If you'd like to find out more about the Isle of Man's ambitions to create a thriving Insurtech ecosystem, please contact Simon Pickering, Head of Insurance and Pensions.