A group of 10 insurtechs selected for last month’s trip to London and Munich gained valuable insights and networking opportunities, according to Insurtech Australia.

They and 30 other industry executives were part of a delegation that met with investors, innovators and industry experts over five days. The first stop was London, where the delegation visited consultant EY’s office, Lloyd’s Labs and Instech London.

In Munich the delegation attended the Digital Insurance Agenda conference, networked with leading European insurers and engaged with potential investors.

“The feedback has been overwhelmingly positive which is really good to hear,” Insurtech Australia CEO Simon O’Dell told insuranceNEWS.com.au.

“As far as the insurtechs are concerned, they had a really good opportunity to pitch to some of Europe’s top venture capitalists. And they have been able to achieve some really good grounds to develop some commercial relationships.”

Codafication was one of six global insurtechs to win an award at the Munich conference, in recognition of its strategic impact.

An itinerary for next year’s trip has not been set, but it will likely take in Europe again because of the positive feedback, Mr O’Dell says.

The inaugural trip last year was to Las Vegas.