The Perils and Promise of Insurtechs
Funding is up for insurtechs, but the number of new entrants is declining.
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.
Reinsurers are finding new routes to the customer, both through primary clients and by creating alternative brands.
Insurtechs have attracted the attention of insurers, with some insurers content simply to observe.
For many insurers, it's easier to authorize a larger investment in an insurtech than it is to integrate its technology.
