UK & Australia collaborate on InsurTech Pathway

The UK-Australia Insurtech Pathway has been introduced as a joint effort to support insurance technology firms seeking expansion opportunities in both markets.

The programme was launched in Australia on 18 February 2025, while a launch event is scheduled in the UK on 20 March 2025. 

It has been developed through a partnership between the UK’s Department for Business and Trade (DBT), Insurtech UK, and Insurtech Australia. The initiative is designed to help Insurtech companies navigate regulatory frameworks, establish business operations and connect with investors and industry stakeholders.

InsurTech Pathway

The pathway will offer structured support to selected firms looking to enter either market, addressing key challenges related to compliance, business development, and market integration.

The UK and Australia both have well-established insurance sectors that encourage innovation through regulatory structures and technology adoption.

The Insurtech Pathway aims to lower entry barriers for firms by providing targeted guidance and fostering industry collaboration.

The initiative builds on the UK-Australia Free Trade Agreement (FTA), which took effect on May 31, 2023. The agreement is intended to reduce trade restrictions and facilitate easier market entry for businesses, including through streamlined visa pathways, expanded access to government procurement, and lower investment barriers.

Facilitating cross-border market access

Louise Cantillon, Deputy Trade Commissioner for Australia and New Zealand, said the initiative reflects both regions’ commitment to strengthening trade ties in financial services and technology:

“By working together, we can unlock new opportunities for insurtech companies in both markets, driving innovation and supporting job creation.”

Insurtech UK CEO Melissa Collett said the initiative aligns with UK firms’ interest in the Australian market:

“Insurtechs consistently feedback to us on their appetite for the Australian market due to its strong insurance industry, wide-spread insurance uptake and anglophone ties.”

Simone Dossetor, CEO of Insurtech Australia, further highlighted the pathway’s benefits:

“The UK is the top-rated market for global expansion for our insurtech members and with Australia being the fourth largest market for Lloyd’s there are strong synergies between the two regions.”

The program will provide tailored support, including regulatory and compliance guidance, networking with insurers and investors, trade delegations, and engagement with key regulatory authorities to streamline market entry.