Fintech hub and Australian insurtech champion Stone & Chalk is relocating to the Wynyard Green building as part of the NSW Government’s $35 million Sydney Start-up Hub.

It will allow the group to accommodate up to 600 people in 4252 square metres of secure labs and co-working, meeting and collaborating space – a 70% increase on its current space.

It will be one of the largest fintech hubs in the world.

Over the past seven months Stone & Chalk has convened three insurtech roundtable discussions, involving 15 insurance players, plus a “pitch-fest” as part of the Australian and New Zealand Institute of Insurance and Finance insurtech conference.  

Stone & Chalk Ecosystem Engineer Chris Kirk told insuranceNEWS.com.au the group aims to build industry capability and tackle platform and individual organisation “pain points”.

The hub will provide insurance companies with “a tested, curated process to develop solutions” in a cost-effective and timely manner.

Mr Kirk says there is a “unique opportunity” to solve complex insurance industry and organisational problems.

The 17,000-square-metre Sydney Start-up Hub at 11-31 York Street will host up to 2500 entrepreneurs at subsidised rents, and is expected to open early next year.

In just 18 months Stone & Chalk has become one of the leading fintech hubs globally, with 24 Australian and international corporate partners, including IAG.