The Perils and Promise of Insurtechs
For some insurers, working with insurtechs allows them to pursue innovation without disrupting core operations.
Reinsurers are finding new routes to the customer, both through primary clients and by creating alternative brands.
For many insurers, it's easier to authorize a larger investment in an insurtech than it is to integrate its technology.
Because of their legacy and sheer size, most insurers' cultures make it difficult to act with agility. The nimble, focused nature of insurtechs can help insurers' respond.
Funding is up for insurtechs, but the number of new entrants is declining.
