The Perils and Promise of Insurtechs
For many insurers, the most important takeaway from dealing with insurers is exposure to faster-moving, adaptive cultures that embrace, rather than reject, change.
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.
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.
