The Perils and Promise of Insurtechs
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.
For many insurers, it's easier to authorize a larger investment in an insurtech than it is to integrate its technology.
Funding is up for insurtechs, but the number of new entrants is declining.
Insurtechs typically fall into one of three categories: distribution, risk-bearing carriers or focused service providers filling holes in the value chain.
Insurtechs have attracted the attention of insurers, with some insurers content simply to observe.
