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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. ┬áIn 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.