{"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&#8217;t 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&#8217;t 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":{"_crdt_document":"","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}]}}