[LONDON, 13 August 2019] After a competitive recruitment process, AkinovA is very excited to have been selected by the UK Department for International Trade as one of twelve companies to showcase the Best in British Innovation during a visit to San Francisco and InsurTech Connect Las Vegas.
The UK Department for International Trade mission is focused on advanced British fintech firms actively entering the US market or seeking US investment. Ranging from cutting edge crypto insurance, to consumer, health, and natural disaster cover, these companies show the variety of specialty areas that are growing and thriving in the UK.
Her Majesty’s Consul General in San Francisco, Andrew Whittaker, said of the mission:
“The UK has historically been a world leader in insurance and with its innovative approach, access to top talent, and favourable regulatory environment, InsurTech is no exception. The companies coming to San Francisco reflect the extraordinary depth and strength of the UK InsurTech sector and we are thrilled to showcase them in Silicon Valley and Las Vegas next month.”
The Department for International Trade’s Vice Consul and Head of Financial Services – West Coast, Jacob Whitish said of hosting the delegation:
“UK InsurTech is at the heart of the ongoing global transformation across the insurance industry and previous mission delegates have raised in excess of £50,000,000 in investment and gained international recognition.”
AkinovA has built an independent electronic marketplace for the transfer and trading of (re)insurance risks and is regulated by the Bermudan Monitory Authority (BMA). Founded by experts from Insurance, Technology and Capital Markets, AkinovA is working with the existing (re)insurance value chain to help grow the overall market.
AkinovA is backed by an accomplished Advisory Board with a wealth of experience in Insurance, Capital Markets and Technology. Whilst remaining an independent marketplace, AkinovA is working with leading insurance industry participants, including Hiscox and MS&AD Insurance Group, as well as Plug and Play Insurtech, NYC based marketplace venture capitalist FJ Labs, Israel based InsurTech/FinTech venture capitalist FinTLV and other undisclosed investors.
For more information, please go to: www.AkinovA.com
About the UK’s Department for International Trade (DIT)
With professional advisers, both within the UK and across more than 100 international markets, the Department for International Trade (DIT) is the Government Department that helps UK-based companies succeed in the global economy and assists overseas companies to bring high-quality investment to the UK. The government recently set out its long-term Export Strategy to increase total exports as a proportion of GDP from the current 30% to 35%, and a new Foreign Direct Investment (FDI) strategy reinforcing its current position as the №1 destination in Europe for FDI.