Insurtech Isle of Man has launched a joint acceleration programme with F10 for growth-stage startups and is now accepting applications.
Interested insurtech startups can apply immediately. The programme will begin this September and run for four months.
The Isle of Man is a globally recognised insurance centre known to be a hub of knowledge and expertise, while F10 is an established global innovation ecosystem with a track record in connecting fintechs of all kinds with experts and mentors.
Selected insurtech startups will receive coaching on open innovation and collaboration best-practices, personalised mentoring, as well as the opportunity to work with leading insurers.
They will also have the opportunity to access the F10 global network and attend sessions on a variety of topics crucial to scaling their business, including marketing, branding and sales.
Insurtech Isle of Man and F10 are focused on identifying and admitting insurtech startups in wealth management and investment, customer onboarding, and issuance and management of policies.
The focus of the new programme will be on high impact solutions with the potential for insurtech startups to collaborate with leading insurers in the region.
It will also include high-visibility pitching opportunities for participating startups during the Scotland Fintech Festival, taking place this autumn, as well as the final demo day event to conclude the programme.
Michael Crowe, chief executive officer of Finance Isle of Man, commented: “The maturity and scale of the existing insurance sector on the island offers a gateway to a global market for insurtech businesses and this programme will enable participating startups to deliver high-impact solutions in collaboration with some of the region’s leading insurers.”
Marc Hauser, head of F10 Europe, said: “We are excited to announce this one-of-a-kind acceleration programme in collaboration with Insurtech Isle of Man. Having worked in the industry myself, I experienced the tremendous potential first hand and am convinced open innovation is the best way to make fast progress.”
“Together with leading insurers and Insurtech startups, we will explore and realize relevant use cases. The whole team at F10 is looking forward to accelerating the creation of a thriving Insurtech ecosystem on the Isle of Man.”