According to Clyde & Co, through the new partnership, the legal firm will act as Hartford InsurTech Hub’s exclusive legal partner, providing startups in the program, which is backed by global network of industry-focused accelerator programs Startupbootcamp, with advice and support to help them develop their products and services. This may include regulatory help or advice on legal obligations they may encounter as they innovate. While sharing more details about the partnership, Vikram Sidhu, Partner at Clyde & Co, stated:
“We are delighted to be working with Hartford InsurTech Hub, and hope to provide guidance to the startups on their most pressing legal challenges and be part of the development of their businesses. By providing legal mentoring, clinics and resources on insurance regulation and corporate matters, we aim to help the startups navigate the world of insurance laws and regulations as they launch their dreams.”
Erika Bothma, Program Director, Hartford InsurTech Hub added:
“We’re thrilled to have the Clyde & Co team on board for the program, and I look forward to connecting them with our startups, so the startups can take full advantage of the legal insight they have to offer.”
Ten companies have notably been selected to take part in the hub and work across a range of technologies and insurance disciplines including, artificial intelligence (AI), big data analytics and natural language processing, cyber security, smart home, and health insurance.