InsTech.ie
InsTech.ie is a Dublin-based, government-backed not-for-profit innovation hub and neutral convener for the Irish insurtech ecosystem, running the Foundry accelerator, Digital Sandbox, Transformation Summit, and proprietary research serving insurers, reinsurers, insurtechs, and brokers.
- Company typePrivate
- Founded2021
- HeadquartersDublin, Ireland
- Headcount1–10
- GTM typeB2B
- OfferingServices
What InsTech.ie does
InsTech.ie is a not-for-profit company limited by guarantee, established in November 2021 and headquartered in Dublin, Ireland. The organization is Ireland's designated insurance innovation cluster and is officially tasked under the Department of Finance's Action Plan for Finance with building the Irish Insurtech Cluster. It operates as a neutral convener connecting insurance incumbents, insurtech startups, government stakeholders, and investors across the Irish insurance ecosystem — the fifth-largest insurance market in the EU and second-largest reinsurance market, hosting 9 of the top 10 global reinsurers and 8 of the top 10 global insurers. InsTech.ie is a member of the Central Bank of Ireland's Financial Services Forum and sits on its Innovation sub-group, and is co-funded by the Government of Ireland and the European Union through the ERDF Southern, Eastern & Midland and Northern & Western Regional Programmes 2021-2027, with additional support from the Smart Regions Enterprise Innovation Scheme awarded in 2024.
The organization's product portfolio spans a Foundry pre-accelerator programme (Ireland's first and only insurance-specific accelerator, with its inaugural cohort of ten insurtech startups selected in October 2025), a Digital Sandbox for testing insurer-insurtech collaborations with synthetic and anonymised datasets, an annual Transformation Summit (with EIS as platinum sponsor for the June 2026 edition), the Irish Insurtech Map and Directory covering 114 companies, learning programmes including an Insurance Innovation Bootcamp and an Introduction to Insurance course co-developed with the Insurance Institute of Ireland, an Innovation Assessment built with consultancy Ninety, a Mentor Programme, Insurtech Spotlights video content, Office Hours consultations, and proprietary research including the annual Irish Insurtech Report, the AI in Insurance Report, and the Insurance Innovation Capability Report produced with Deloitte.
InsTech.ie's go-to-market is hybrid: direct engagement with insurance incumbents and insurtechs supported by events (Transformation Summit, regional events, bootcamps, webinars), content marketing (annual reports, monthly newsletter with 79,616+ LinkedIn followers), and referral networks within the Irish insurance ecosystem. The revenue model combines recurring membership fees from industry members and innovation partners, multi-year government and EU grant funding, and event-related revenue including ticket sales and sponsorships. Pricing is not publicly disclosed; the Foundry programme does not require equity from participating startups. The team comprises 1-10 employees led by CEO Gary Leyden, with Gerry Hassett as Chair, Dr. Lollie Mancey as Head of Innovation, Gavin Gollogley as Strategic Programme Lead, and Samruddhi Gharpure as Community Lead.
InsTech.ie firmographics
Firmographics- Name
- InsTech.ie
- Legal name
- Instech Hub Ireland Ireland Company Limited by Guarantee (CLG)
- Website
- https://instech.ie
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- InsTech.ie is a Dublin-based, government-backed not-for-profit innovation hub and neutral convener for the Irish insurtech ecosystem, running the Foundry accelerator, Digital Sandbox, Transformation Summit, and proprietary research serving insurers, reinsurers, insurtechs, and brokers.
- Ownership category
- akta.pro rank
InsTech.ie industry classification
Industry- Product category
- Insurtech Innovation Services
- NAICS
- Other Insurance Related Activities (52429)
- akta.pro primary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
- akta.pro secondary industry
- Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)
Keywords
Where InsTech.ie is headquartered
LocationHeadquarters
- HQ city
- Dublin
- HQ country
- Ireland
- HQ region
- Europe
Offices1 record
Markets served
InsTech.ie business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Membership Fees: InsTech.ie operates as a not-for-profit company limited by guarantee. They are supported by industry members who share their vision of transforming Ireland into a thriving hub for insurance innovation. Membership provides access to events, programmes, and the insurtech ecosystem.
- Government and EU Funding: Co-funded by the Government of Ireland and the European Union through the ERDF Southern, Eastern & Midland Regional Programme 2021-2027. Also received funding under the Smart Regions Enterprise Innovation Scheme in 2024. This three-year co-funded project establishes and scales the Insurance Industry Innovation Cluster.
- Event Revenue: Transformation Summit and other events may generate revenue through ticket sales, sponsorships, and partnerships. The 2026 summit offers complimentary tickets for (re)insurers, insurtechs, and brokers thanks to platinum partner EIS.
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
InsTech.ie product offering
Product offeringCore offering
InsTech.ie operates Ireland's designated insurance innovation cluster, convening insurers, reinsurers, insurtech startups, and regulators to advance insurance technology adoption. Its core offerings include the Foundry pre-accelerator programme for insurtech founders, the Digital Sandbox for insurer-insurtech collaborative testing, the annual Transformation Summit executive forum, and various learning, mentorship, and assessment programmes.
Product overview
InsTech.ie is Ireland's insurtech hub and innovation network, operating as a not-for-profit company limited by guarantee established in November 2021. Rather than a single unified product, the organization offers a portfolio of interconnected programmes and services: the Foundry pre-accelerator for startup development; the Digital Sandbox for testing and collaboration between insurers and insurtechs; the annual Transformation Summit as a senior executive forum; Learning Programmes including the Insurance Innovation Bootcamp and Introduction to Insurance course; the Mentor Programme and Office Hours for direct support; the Irish Insurtech Map and Directory as a resource; and various publications including annual Irish InsurTech Reports and AI in Insurance Reports. The ecosystem is designed to position Ireland as a global centre for insurance innovation through collaboration between industry incumbents and startups.
Differentiator
Problem solved
Functional benefit
Products and services
- Foundry Pre-Accelerator Programme Ireland's first and only accelerator dedicated to insurance technology. A 7-module intensive pre-accelerator programme mixing in-person sessions and online mentor support, designed to help ambitious founders rethink how insurance works from underwriting and claims to distribution and customer experience.
- Digital Sandbox A secure, collaborative testing environment where insurers can safely test new technologies alongside innovative insurtechs. Provides access to synthetic and anonymised datasets, reduced barriers, accelerated partnerships, and knowledge sharing for bridging the gap between innovative ideas and practical implementation.
- Transformation Summit Annual senior-level executive forum bringing together insurance decision-makers across P&C, Life & Protection to explore how AI, data, and operating model change are reshaping underwriting, claims, service, and growth.
- Insurtech Spotlights Video showcase platform featuring innovative Irish insurtech companies developing customer-centric and efficient solutions for risk management, customer engagement, and claims processing.
- Mentor Programme Community mentorship programme connecting experienced insurance industry professionals with emerging insurtech startups. Offers industry expertise, strategic advice, networking opportunities, and guidance on regulatory compliance and best practices.
- Insurance Innovation Bootcamp Two-day face-to-face, highly interactive training programme teaching participants to transform customer and business challenges into validated solutions using the Design Thinking toolbox.
- Introduction to Insurance for Insurtechs Introductory course created in collaboration with the Insurance Institute of Ireland to help insurtechs understand the Irish insurance market through six modules covering industry priorities, opportunities, and challenges.
- Innovation Assessment Assessment service developed in partnership with insurance innovation consulting firm Ninety to help organisations identify key challenges, opportunities, and potential partnerships. Focuses on seven success factors of innovation.
- Irish Insurtech Map & Directory Comprehensive map and directory of Irish insurtechs updated regularly, featuring 114 companies from startups to established and scaling companies, accompanied by annual Irish InsurTech Reports.
- Office Hours for Insurtechs Initial consultation service providing insurtech businesses the opportunity to have conversations with InsTech.ie team to learn about their needs and access support from the network.
Quantifiable outcome
- One tier-1 insurer reduced its AI proof-of-concept phase from 12-18 months to eight weeks using the Digital Sandbox
- +2 more outcomes
Companies that use InsTech.ie
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
InsTech.ie technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
InsTech.ie partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered platinum, gold, strategic, flagship, core and minor.
- EISplatinumPlatinum partner for Transformation Summit 2026. Provides complimentary tickets for (re)insurers, insurtechs, and brokers. Summit focuses on AI 2.0, operational excellence, and the future of insurance.
- EYgoldGold partner for Transformation Summit 2026.
- FINEOSgoldGold partner for Transformation Summit 2026. Also provides Dublin venue for Foundry programme sessions.
- DocosoftgoldGold partner for Transformation Summit 2026.
- BrightbeamgoldGold partner for Transformation Summit 2026.
- ExpleogoldGold partner for Transformation Summit 2026.
- Enterprise IrelandstrategicStrategic partner for Transformation Summit 2026. Enterprise Ireland supports inward investment and helps Irish companies internationalize.
- MAWDY (MAPFRE Group)flagshipMAWDY partnered with Blink Parametric (member insurtech) in October 2023 to integrate Blink's flight delay parametric solution across MAWDY's global network. Launched in Ireland with expansion to Spain and Sub-Saharan Africa. Ireland used as market to launch innovative insurance solutions.
- FurthrcorePartnered with Furthr to design and deliver the InsTech.ie Foundry pre-accelerator programme. Furthr brings over 35 years of experience supporting early-stage startups. The partnership combines Furthr's startup expertise with InsTech.ie's insurance industry connections.
- NinetycorePartnered with Ninety, an insurance innovation consulting firm, to develop the InsTech.ie Innovation Assessment. The assessment helps organizations identify key challenges, opportunities, and potential partnerships through interviews, surveys, and competitor analysis.
- Insurance Institute of IrelandcoreCollaborated with the Insurance Institute of Ireland to create the 'Introduction to Insurance for Insurtechs' course, helping insurtechs understand the Irish insurance market through introductory modules.
- DeloitteminorPartnered with Deloitte to conduct research into key capabilities needed for the future of insurance in Ireland, producing the Insurance Innovation Capability Report.
- IDA IrelandcorePartners with IDA Ireland to support inward investment into Ireland's insurance and insurtech sectors.
- Blink ParametricflagshipMember insurtech that partnered with MAWDY (MAPFRE Group) to deliver parametric travel insurance solutions. Partnership spotlighted as success story of Irish insurtech innovation going global.
- Department of Finance (Ireland)coreInsTech.ie is tasked under the Department of Finance's Action Plan for Finance with building the Irish Insurtech Cluster.
- Central Bank of IrelandcoreMembers of Central Bank of Ireland's Financial Services Forum, sitting on the Innovation sub-group within that Forum.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
InsTech.ie competitors and assessment
Company assessmentDirect peers
- Anthemis: Venture capital firm and innovation ecosystem focused on financial services including insurance, investing in and supporting insurtech founders alongside research, events and community programming. Closely comparable to InsTech.ie in combining ecosystem-building with deep insurance industry specialism.
- Startupbootcamp Insurtech: Global accelerator programme dedicated exclusively to insurtech, running multi-cohort programmes for early-stage insurance technology startups with mentor networks and corporate partner access. Closely comparable to InsTech.ie's Foundry programme in mission, target founder segment, and corporate partnership-driven model.
- Plug and Play Insurtech: Silicon Valley-based innovation platform running a dedicated Insurtech vertical that connects insurance incumbents (corporate partners) with early-stage startups through accelerator batches, pilots and curated events. Operates the same dual-sided hub model as InsTech.ie, bridging carriers and insurtechs at scale.
- Insurtech Capital: Specialist insurtech venture platform supporting early-stage insurance technology companies with capital, ecosystem access and industry connections. Overlaps with InsTech.ie's accelerator, mentorship and ecosystem-introduction functions, but additionally deploys capital which InsTech.ie does not.
- Digital Insurance Agenda (DIA): Global insurtech community and conference operator focused on insurance innovation events, content and ecosystem connection across insurers, insurtechs and investors. Closely comparable to InsTech.ie's Transformation Summit and community-led engagement model, though DIA operates at global rather than national scope.
- Insurtech Hub London: London-based insurtech innovation hub acting as a convenor between UK and global insurers and insurtech startups, offering programmes, events and corporate-startup matchmaking. Functionally identical to InsTech.ie as a regional insurtech cluster builder, just at a different national node.
- The Digital Insurer (TDI): Global community platform serving insurance innovators with learning programmes, professional development and content tailored to digital insurance transformation. Comparable to InsTech.ie in serving the insurtech-skilling and community angle, particularly alongside their Learning Programmes and Bootcamps.
Regional players
- InsurTech Israel: Israeli insurtech ecosystem organisation promoting Israeli insurance technology startups globally through events, delegations and partnership programmes. Comparable in mandate (exporting national insurtechs internationally) and target audience (global insurers, insurtechs, investors), though anchored in a different geography.
- InsurTech Hartford: US-based (Hartford, Connecticut) regional insurtech hub acting as the convenor for the historic US insurance capital's innovation ecosystem, connecting insurers, startups and capital. Directly comparable as a national insurance innovation cluster, but operating in a different geography from InsTech.ie.
Broad incumbents
- Global InsurTech Alliance: Umbrella industry association representing the worldwide network of insurtech hubs, clusters and accelerators including many of the entities above. Comparable at an aggregate level to InsTech.ie as an ecosystem convenor, but operating as a meta-layer over multiple national hubs rather than as a single-country cluster builder.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
InsTech.ie social profiles
Digital presenceInsTech.ie financial estimates
Financial estimateRevenue estimate
Valuation estimate
InsTech.ie leadership team
Management profileNumber of profiles
Profiles5 records
InsTech.ie funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InsTech.ie M&A and investment
M&A and investmentM&A
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about InsTech.ie
What does InsTech.ie do?
InsTech.ie operates Ireland's designated insurance innovation cluster, convening insurers, reinsurers, insurtech startups, and regulators to advance insurance technology adoption. Its core offerings include the Foundry pre-accelerator programme for insurtech founders, the Digital Sandbox for insurer-insurtech collaborative testing, the annual Transformation Summit executive forum, and various learning, mentorship, and assessment programmes.
Is InsTech.ie a public or private company?
InsTech.ie is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was InsTech.ie founded?
InsTech.ie was founded in 2021. It employs 1 to 10 people.
Where is InsTech.ie based?
InsTech.ie is headquartered in Dublin, Ireland, in the Europe region.
How does InsTech.ie make money?
Three revenue lines are on record. Membership Fees are the primary driver. The others are government and EU Funding and event Revenue.
Who are InsTech.ie's main competitors?
Direct peers on record are Anthemis, Startupbootcamp Insurtech, Plug and Play Insurtech, Insurtech Capital, Digital Insurance Agenda (DIA), Insurtech Hub London and The Digital Insurer (TDI). Regional players are InsurTech Israel and InsurTech Hartford. Global InsurTech Alliance is listed as a broad incumbent.
Does InsTech.ie have an API?
No public API is recorded for InsTech.ie.
What industry is InsTech.ie in?
InsTech.ie's product category is Insurtech Innovation Services. Its primary akta.pro industry code is FSANAAAM, Accelerators & Incubators (Investor-Operated), with a secondary code of FSAGAGAE, Data, Analytics & AI for Insurance (Risk, Pricing, Personalization). Its NAICS code is 52429.