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Insurtech

Shape the Future of Insurance, Pursue Insurtech in Ohio

Ohio is a hub for insurtech innovation and it starts with the state’s leadership in insurance and financial services. Ohio has the tech talent, venture capital and low operating costs to support insurtech companies.

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.
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
Success Stories

Insurtech

Branch Insurance app on phone

Branch Financial Extends its Reach

A better way to market, training, and onboard
Beam offices

Beam Dental

Shaking up dental insurance in Ohio

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.

With the cost structure, access to talent, strong infrastructure, the low cost of living, and support structures like JobsOhio, we’ve been able to thrive in Ohio.
- Steve Lekas - CEO and Founder / Branch Financial, Inc.

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