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Insurtech

When we started Beam Technologies, we knew quality talent and community support would be critical to our success. The Columbus region’s impressive technology talent ecosystem has proven to be vital for our expansion and was a core reason behind our decision to scale here.
- Alex Frommeyer -
Co-founder and CEO / Beam Technologies

Ohio Has the Ingredients to Support Growth

When you choose Ohio, you gain access to partners, customers, and the talent you need to put your business on the path to success.

#4

Largest Financial Services sector in the U.S. (2022 Real GDP)

#2

Tied for #2 in Top 50 Insurance Headquarters

#5

In number of Fortune 500 and 1000 headquarters in the U.S.

Insurtech Companies that call Ohio Home

Branch Financial Extends its Reach

Branch, a tech-forward insurance company that offers high quality home and auto insurance for affordable prices, took root in Ohio and now is licensed and offering services to 25 states across the country with plans to expand.

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Beam Dental Finds Success in Ohio

Beam Dental, an innovative insurtech business, was growing. With the help of JobsOhio, Beam Dental moved to Ohio and found the perfect market for a growing startup.

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Access to Talent

Sophisticated, tech-savvy

3 Top-25

U.S. Cities for Small Tech Talent Markets (Cincinnati, Columbus, Cleveland)

242K+

Workforce is larger than the City of London’s

39K+

College grads annually qualified to work in the financial services industry

In Ohio, you can…

  • Save capital. The coasts are notorious for their exorbitant cost of living and operating costs, but Ohio is a quarter the cost of coastal locations including San Francisco and New York City.
  • Take advantage of entrepreneurial support. Venture capital support grew in Ohio from 2017-2019 by 134%. Ohio’s Entrepreneurial Services Providers (ESPs) drive growth and create an entrepreneurial ecosystem, including CincyTech, Rev1 Ventures, JumpStart, TechGROWTHOhio, NextTechOhio, and most recently SixThirty.
  • Find plentiful talent with a wide-range of skills. Columbus, Cleveland, and Cincinnati are top cities for millennial talent with many nationally recognized universities supplying a pipeline of qualified talent that costs 11.5% less than national average.
  • Leverage predictive analytics expertise to streamline the underwriting process. Companies currently innovating in technology to automate underwriting are likely going to outperform their more traditional competitors.

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