The Perils and Promise of Insurtechs
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.
For many insurers, it's easier to authorize a larger investment in an insurtech than it is to integrate its technology.
Reinsurers are finding new routes to the customer, both through primary clients and by creating alternative brands.
For some insurers, working with insurtechs allows them to pursue innovation without disrupting core operations.
