Des Moines and the state of Iowa are known as a global insurance hub, largely due to being the home of more than 200 insurance companies and a plethora of entrepreneurs - many focused on insurtech and fintech.
The Global Insurance Accelerator, Brokertech Ventures, the Global Insurance Symposium, and the Iowa Insurance Division provide unique opportunities for innovators and carriers to work together to improve the insurance ecosystem. The Iowa Insurance Division engages proactively with all innovators – startups or existing licensed entities – that may be piloting and otherwise implementing innovations.
Innovation is changing the business of insurance in all areas. Innovators are:
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Developing products that will be used by an insurance carrier for marketing existing products
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Offering new types of products that will be sold directly to consumers
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Expediting the underwriting and claims experience and
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So much more
With the primary goal of consumer protection, the Iowa Insurance Division can be a resource for all innovators as they change the insurance industry and experience for consumers. A best practice for all innovators is to communicate openly and candidly with the Iowa Insurance Division concerning the advent of newly developed technology.
To discuss an innovative product, submit a concept document or for any questions, contact the Iowa Insurance Division at: innovation@iid.iowa.gov or 515-654-6570.
