CT city looks to accelerate business, job growth. Why five overseas tech firms might be the solution. [Hartford Courant]
Five tech firms from the
The scale initially will be small, just a handful of workers for each of the
Daniel O’Keefe, the state’s designated commissioner of economic and community development, acknowledged Tuesday that the presence of the companies would start out modest.
“While that is true, big companies were once small,” O’Keefe said. “And these are the companies that really represent the future of these incredibly important industries. Important to us, but also to (the
O’Keefe’s comments came at a news conference at the
Mainelli, the first American-born lord mayor of
His visit also comes two months after
The five
Also, Gaia Family, which develops personalized IVF, or in vitro fertilization, plans based on risk profiles; and
Mainelli said the intent of the corridor is not only to establish
“The point is that through these connections we will prosper and we truly appreciate the support we have been getting from the industry here in
Mainelli’s visit was hosted by the
The agreement was billed as the first state level financial services agreement between the two countries and had its start in 2019 with a
The partnership was designed to help British insurers navigate their way through a web of state regulations and overcome challenges making contact with investors and other businesses.
InsureTech is a growing segment of the insurance industry that includes startups selling niche insurance products and relying on data and digital technology.
With the advent of digital technology that is disrupting insurance, the industry is now trying to harness it by drawing more startups to
Gov.
“Insurance is changing dramatically right now,” Lamont said. “The nature of the risk is upping geometrically. We have one of the British companies that’s come is helping us evaluate floods, it’s our 100-year floods that are coming every 10 years.”
Lamont said, “This is the nature of the risk, how we’re analyzing it — the AI, the artificial intelligence — this could change things dramatically and we’re able to cross-fertilize our ideas from both sides of the
In an interview, Mainelli said he is coming away from his trip to
“The biggest thing was the international outlook of Hartford,” Mainelli said. “Really not looking at this on a state regulatory basis, but truly looking international, the international discussions on AI.
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