On March 10, 2022, the UK government and the state of Connecticut entered into a formal agreement, dubbed Project “InsurTech Corridor” (the “Project”), that is intended to remove barriers to doing business as an insurtech in each jurisdiction. The Project will help participating US and UK entities by making information about each market more easily accessible, and by providing access to connections, and business and investment opportunities in each market. Later this year the Project intends to launch an online platform which will provide free resources to companies. The Project builds on the US-UK Financial Innovation Partnership that was established in May of 2019 by the US Department of the Treasury and the UK’s HM Treasury.
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