Don’t Count Out Insurtech Disrupters, Carrier CEOs Say

By | June 29, 2022

  • June 29, 2022 at 9:33 am
    Tiger88 says:
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    It bears repeating, it isn’t the “Tech” that is in doubt, it’s the “Insure”. No matter how you slice it, predicting future property and casualty liabilities is getting more and more complex. Mold? Massive blizzard with hundreds of thousands of collapsed roofs? Massive hurricanes in places they normally don’t hit? New litigation loopholes in auto crashes? Roof replacements for minimal hail storm damage? Workers injury cycles doubling because of a new law? Windshields costing $3,000 instead of $500?

    Shaving a (very) few points off of the expense ratio by distributing your products online just can’t overcome the facts about P & C insurance. It is completely unpredictable and mostly unprofitable.

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