Page 2 - Insurtech Corridor News Today

Two major insurers with strong ties to Connecticut — Bloomfield-based health services conglomerate Cigna and Munich Re, the German parent company of specialty insurer Hartford Steam Boiler — have upped their venture capital capacity in recent months, channeling resources to smaller, newer firms that can and already have helped the investor companies navigate an evolving and increasingly tech-centered marketplace.

The so-called InsurTech Corridor is seen as a way for participating U.S. and UK companies to increase their knowledge of markets.

The Greater Hartford insurance sector and state agencies are joining forces with the U.K. government to launch a trans-Atlantic “corridor” with the aim of fostering closer business ties between Connecticut and Britain.