Gutterman’s take should be taken with a hefty grain of salt. His firms aren’t selling HO in the FL market. In fact, as an Insurtech founder, he has every incentive to paint the incumbent industry as inept. How else can he convince potential investors of his whiz-kid capabilities? Problem is, he clearly has missed the memo on how his peers who take similar approaches have fared (hint: not great). Hard to paint yourself as the savior of a market in trouble when… the incumbents aren’t in as much trouble as advertised.
*If more storms hit FL in Q4 – I’ll concede his currently dramatic take as accurate. Until then though – his take is overly dramatic & mis-informed at best.
Gutterman’s take should be taken with a hefty grain of salt. His firms aren’t selling HO in the FL market. In fact, as an Insurtech founder, he has every incentive to paint the incumbent industry as inept. How else can he convince potential investors of his whiz-kid capabilities? Problem is, he clearly has missed the memo on how his peers who take similar approaches have fared (hint: not great). Hard to paint yourself as the savior of a market in trouble when… the incumbents aren’t in as much trouble as advertised.
*If more storms hit FL in Q4 – I’ll concede his currently dramatic take as accurate. Until then though – his take is overly dramatic & mis-informed at best.
No comment.