A transformative programme designed to bolster promising InsurTech companies has been launched through a collaboration between PwC and Early Metrics. This initiative aims to create pivotal connections between scale-up businesses and established insurance entities, propelling growth and innovation in the sector.
The ‘Scale | InsurTech’ programme, starting this May in London, will provide nine international InsurTech companies with the tools to elevate their market presence and expand their strategic networks. This 12-week programme promises to open doors to significant commercial opportunities, resourceful partnerships, and industry insights.
In today’s rapidly evolving digital landscape, fostering emerging technologies is crucial. The Scale | InsurTech programme underscores this necessity by facilitating crucial partnerships between promising enterprises and established insurance institutions. This strategy not only aids in nurturing innovation but also addresses industry leaders’ concerns regarding the accelerated pace of technological advancement, as highlighted by PwC’s CEO survey.
Launching in May, this London-based initiative spans 12 weeks, meticulously crafted to enhance the visibility of selected InsurTech firms. It offers participants access to potential clients and influential industry figures.
Moreover, the programme’s goals focus on equipping these companies with insights necessary for capitalising on commercial prospects and mastering the nuances of industry-specific challenges.
Each participating company will engage with potential insurers, advisors, and partners, broadening their market reach.
This engagement is designed to facilitate real-time solutions and partnerships, fostering mutual benefits.
Through workshops and networking events, businesses refine their strategies, ensuring they meet the demands of a competitive market. This collaborative approach maximises their growth potential.
Insurance CEOs express significant concern about keeping pace with technology, more so than leaders in other sectors, according to PwC’s findings. The programme addresses this by providing expert guidance.
Participants receive specialised advice on contemporary challenges such as GDPR, investor readiness, and corporate procurement, ensuring they are well-prepared for future demands.
Among the distinguished participants is Apexx, a payment gateway facilitating interaction between insurers and a myriad of global payment solutions.
Blocksure, another participant, exemplifies innovation with its decentralised platform, enabling seamless transaction processing and eliminating redundant back-office processes.
These case studies showcase the programme’s commitment to supporting cutting-edge solutions while advancing the InsurTech sector.
Jonathan Howe of PwC highlights the indispensable role of scale-up businesses in economic growth and technological innovation. His vision is one of collaboration, where new technologies drive business success.
Antoine Baschiera, co-founder of Early Metrics, shares this sentiment, emphasising the opportunities that access to key decision-makers provides for scalability and long-term success.
The success of this initiative lies in its ability to create sustainable growth through strategic partnerships.
Through this innovative approach, the programme aims to strategically position participating companies to thrive in the ever-competitive InsurTech market.
As the Scale | InsurTech programme unfolds, participating firms are set to soar to new heights, backed by strategic alliances and robust industry support. The initiative signifies a notable advancement in the InsurTech sector, paving the way for next-generation solutions.
Continued collaboration and engagement between scale-ups and established insurance entities promise a future rich with innovation and commercial growth, reinforcing the importance of such transformative programmes.