{"id":598,"date":"2017-07-07T15:39:28","date_gmt":"2017-07-07T20:39:28","guid":{"rendered":"http:\/\/www.insurtechadvisors.com\/?p=598"},"modified":"2017-07-10T15:00:02","modified_gmt":"2017-07-10T20:00:02","slug":"a-contrary-opinion-to-the-impact-of-insurtech-on-incumbents","status":"publish","type":"post","link":"https:\/\/insurtechadvisors.com\/old\/2017\/07\/07\/a-contrary-opinion-to-the-impact-of-insurtech-on-incumbents\/","title":{"rendered":"A contrary opinion to the impact of insurtech on incumbents"},"content":{"rendered":"<p>An interesting article on <a href=\"https:\/\/myinsuranceshark.com\/game-theory-insurtech\/\" target=\"_blank\" rel=\"noopener\">myinsuranceshark.com<\/a> about why predicting legacy insurance carrier <strong>demise<\/strong> at the hands of <strong>insurtechs<\/strong> is wrong.<\/p>\n<figure id=\"attachment_602\" aria-describedby=\"caption-attachment-602\" style=\"width: 250px\" class=\"wp-caption alignright\"><img decoding=\"async\" class=\"size-full wp-image-602 lazyload\" data-src=\"https:\/\/www.insurtechadvisors.com\/wp-content\/uploads\/2017\/07\/game-theory-1-1.jpg\" alt=\"\" width=\"250\" height=\"146\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 250px; --smush-placeholder-aspect-ratio: 250\/146;\" \/><figcaption id=\"caption-attachment-602\" class=\"wp-caption-text\">The demise of legacy carriers is overrated<\/figcaption><\/figure>\n<p>They posit that these predictions don\u2019t take into account game theory like behavior such as what the incumbent legacy carriers will do. \u00a0In the end, these <strong>legacy carriers<\/strong> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"card-text\">An interesting article on myinsuranceshark.com about why predicting legacy insurance carrier demise at the hands of insurtechs is wrong. They posit that these predictions don\u2019t take into account game theory like behavior such as what the incumbent legacy carriers will do. \u00a0In the end, these legacy carriers have significantly larger balance sheets and if they [&#8230;]<\/p>\n<p class=\"m-0\"><a class=\"btn btn-outline-secondary btn-read-more\" href=\"https:\/\/insurtechadvisors.com\/old\/2017\/07\/07\/a-contrary-opinion-to-the-impact-of-insurtech-on-incumbents\/\">Read More<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","wds_primary_category":0,"footnotes":""},"categories":[37,31,30],"tags":[24,29,26],"class_list":["post-598","post","type-post","status-publish","format-standard","hentry","category-acquisition","category-incumbent-advantages","category-legacy-insurance-carrier","tag-competitive-advantage","tag-insurtech-and-incumbent-advantage","tag-legacy-carrier"],"_links":{"self":[{"href":"https:\/\/insurtechadvisors.com\/old\/wp-json\/wp\/v2\/posts\/598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurtechadvisors.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurtechadvisors.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurtechadvisors.com\/old\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/insurtechadvisors.com\/old\/wp-json\/wp\/v2\/comments?post=598"}],"version-history":[{"count":0,"href":"https:\/\/insurtechadvisors.com\/old\/wp-json\/wp\/v2\/posts\/598\/revisions"}],"wp:attachment":[{"href":"https:\/\/insurtechadvisors.com\/old\/wp-json\/wp\/v2\/media?parent=598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurtechadvisors.com\/old\/wp-json\/wp\/v2\/categories?post=598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurtechadvisors.com\/old\/wp-json\/wp\/v2\/tags?post=598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}