InsTech.ie was founded on a clear mission; to position Ireland as a global centre for insurance innovation, where industry incumbents and start-ups can come together to collaborate and create the next generation of insurance solutions.
Instech.ie had been in incubation since July 2021 and was formally established as a not-for-profit company limited by guarantee in November 2021. Prior to the soft launch, we commissioned a report by Deloitte (The Insurtech Review of Ireland) that explored the need, potential and development requirements of such an organisation.
The InsurTech Review of Ireland, informed by stakeholder engagements, highlighted that all of the core components are in place to develop an InsurTech ecosystem here and should be explored further. Building critical mass and buy-in from across the ecosystem will be fundamental to what can be achieved.
The Irish insurance market is mature, but with a need for regeneration. Insurance firms are feeling increased pressure on legacy infrastructure and the ever-increasing need to accelerate the shift to cloud-based, modern architectures and keep apace with global market developments. Development of this ecosystem will unlock substantial opportunities for Ireland’s insurance sector and wider economy, enabling it to push ahead of other locations and create a supportive, future-proofed ecosystem, whilst enabling new and emerging technologies to be tested in a safe, well-regulated environment. Ultimately, this will result in new growth opportunities for Insurers and consumers across Ireland as well as driving wider macroeconomic benefits.
The organisation is collaborative and open to all stakeholders in the insurance ecosystem – Insurance firms, brokers, startups, academic and research institutions, government, enterprise support agencies and regulators.
Meet our team
Drive Innovation Capability
Drive innovation capability and talent in Insurance firms, brokers, and MGA’s in Ireland
EU Destination of Choice
Become the destination of choice for international Insurtechs establishing an EU presence
Build a pipeline of Irish Insurtechs that can compete globally
Our Industry Members
Thanks to the members of InsTech.ie for their support to the InsurTech Community in Ireland
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