Law firm Clyde & Co has reached an agreement with Hartford InsurTech Hub, an initiative that connects the insurance industry and insurtech innovators and start-ups, under which the firm will act as Hartford InsurTech Hub's exclusive legal partner, providing startups in the program with advice and support to help them develop their products and services.
The firm said that this may include regulatory help or advice on legal obligations they may encounter as they innovate.
Vikram Sidhu, a partner at Clyde & Co, said, “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 at 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 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.
Clyde & Co will advise the startups on the sector-specific issues they face and provide them direction on how to do business in the highly regulated insurance industry.
Hartford InsurTech Hub was established in 2017 to focus on addressing the need for attracting new technologies and talent in insurance and technology into the City of Hartford, Connecticut, and the local ecosystem.