InsurTech Advisors LLC

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Could InsurTech Startups Be Friends—Not Foes for the Insurance Agent?

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I recently wrote an article about how Insurance Agents can benefit from the Insurtech Ecosystem.  The Insurance agent or broker should look to partner with appropriate Insurtechs, thus bringing their insurance industry enhancements into their Agency and giving them a competitive advantage.

You can read more @IndAgent:  Could insurtech startups be friends not foes?

Insurtech Advisors helps connect small and mid-sized insurance carriers and agents to the advances occurring in the Insurtech space.  We do this by working individually with each partner to help them understand how to innovate and implement some of these external Insurtech ecosystem advances into their current processes in a cost and resource efficient way.  Additionally, we strategically invest in early stage Insurtech startups, where their offerings can benefit our member insurance carriers or agents.  For more information, please contact us at: info@insurtechadvisors.com or +1.929.282.2031.

A contrary opinion to the impact of insurtech on incumbents

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An interesting article on myinsuranceshark.com about why predicting legacy insurance carrier demise at the hands of insurtechs is wrong.

The demise of legacy carriers is overrated

They posit that these predictions don’t take into account game theory like behavior such as what the incumbent legacy carriers will do.  In the end, these legacy carriers have significantly larger balance sheets and if they are nimble enough, they could imitate or even wait out the demise of these smaller insurtech startups.