If traditional companies aren’t attracting lots of capital, making tons of profits and returning amazing shareholder value, adding technology isn’t really going to do much for a P&C company. Its safe to say the “Tech” part is awesome in these companies. It’s the “Insure” part that doesn’t work out so well.
It’s what I’ve said from the beginning. Insure techs aren’t going to change much about how insurance is distributed. They will however make things easier on the distribution channels that already exist.
This shouldn’t shock anybody. Valuations & funding levels in turn were through the roof without achieving widespread profitability.
If traditional companies aren’t attracting lots of capital, making tons of profits and returning amazing shareholder value, adding technology isn’t really going to do much for a P&C company. Its safe to say the “Tech” part is awesome in these companies. It’s the “Insure” part that doesn’t work out so well.
It’s what I’ve said from the beginning. Insure techs aren’t going to change much about how insurance is distributed. They will however make things easier on the distribution channels that already exist.