The Perils and Promise of Insurtechs
Insurtechs have attracted the attention of insurers, with some insurers content simply to observe.
For some insurers, working with insurtechs allows them to pursue innovation without disrupting core operations.
Among the largest insurers, building a stake in the insurtech movement takes various forms, including direct investment, acquisition and supporting tech accelerators.
For many insurers, it's easier to authorize a larger investment in an insurtech than it is to integrate its technology.
For many insurers, the most important takeaway from dealing with insurers is exposure to faster-moving, adaptive cultures that embrace, rather than reject, change.