The Perils and Promise of Insurtechs
For many insurers, it's easier to authorize a larger investment in an insurtech than it is to integrate its technology.
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.
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.
