Applicants who are selected as finalists will compete for a £50,000 prize
Global law firm Norton Rose Fulbright is inviting insurtech startups to apply to its Insurathon competition.
Now in its eighth year, Insurathon supports startup and scaleup technology businesses pursuing technological innovation in the insurance industry.
Norton Rose is looking for proposals from firms that are developing technology or propositions in a range of areas.
This includes offerings that seek to digitise some or all parts of a particular insurance, as well as products or services that challenge the existing (re)insurance proposition and way of doing business.
The application deadline is Thursday 6 February 2025.
Applicants
Applicants who are selected as finalists will compete for a £50,000 prize – this includes £25,000 of free UK legal and regulatory advice from its lawyers within the law firm as well as a potential equity investment of £25,000.
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All applicants will have access to a one-to-one 45-minute free clinic provided by the firm’s lawyers, who cover legal and regulatory issues across areas such as corporate, restructuring, commercial arrangements, intellectual property, data privacy, employment and labour and financial services regulation.
Finalists will also be eligible for three 45-minute free legal clinics on competition day.
Previous winners of Insurathon include JustParent, InsurX, ARMD, Anansi, Supercede, Concirrus, Pluto Travel, Mackenzie Intelligence Services, Flock Cover and Nexus Mutual.
Gilbert Harrap, chief executive at InsurX, said: “The advice and support we’ve received from Norton Rose Fulbright off the back of winning their Insurathon competition has tangibly helped us turbocharge our growth as the independent digital exchange for the corporate and specialty insurance market.
“Norton Rose Fulbright’s expertise in supporting multinational insurance corporations all the way down to ambitious startups like us is unrivalled.”
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