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.
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.
Funding is up for insurtechs, but the number of new entrants is declining.