The Perils and Promise of Insurtechs
For some insurers, working with insurtechs allows them to pursue innovation without disrupting core operations.
Insurtechs typically fall into one of three categories: distribution, risk-bearing carriers or focused service providers filling holes in the value chain.
Among the largest insurers, building a stake in the insurtech movement takes various forms, including direct investment, acquisition and supporting tech accelerators.
Funding is up for insurtechs, but the number of new entrants is declining.
Reinsurers are finding new routes to the customer, both through primary clients and by creating alternative brands.
