What's Happening?
Insurtech Gateway, a specialist incubator, has obtained authorization to trade within the Lloyd’s market, securing a broker licence. This development allows the firm to directly connect its companies with Lloyd’s underwriters, facilitating faster access to capacity and underwriting partners. Insurtech Gateway supports early-stage founders with investment, product design guidance, and regulatory access, focusing on tackling global challenges like climate resilience and financial inclusion through insurance innovation.
Why It's Important?
The acquisition of a Lloyd’s broker licence by Insurtech Gateway represents a significant step in fostering innovation within the insurance industry. By providing startups with direct access to Lloyd’s market, the incubator enhances their ability to secure necessary resources and partnerships, accelerating the development of innovative insurance solutions. This move is poised to impact the industry by promoting new ideas and addressing critical global issues, potentially leading to more resilient and inclusive insurance products.
