The Perils and Promise of Insurtechs
Funding is up for insurtechs, but the number of new entrants is declining.
For many insurers, the most important takeaway from dealing with insurers is exposure to faster-moving, adaptive cultures that embrace, rather than reject, change.
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.
Among the largest insurers, building a stake in the insurtech movement takes various forms, including direct investment, acquisition and supporting tech accelerators.
