Maturing start-ups will be targeted for acquisition by more
established market players.
In 2018, insurtech has transitioned in the US from the novelty
fringes of the insurance industry to take centre stage – that
is, insurtech has come to be seen as a broad range of potential
insurance businesses and products, technologies, and business
methods and approaches that will come to revolutionize almost every
aspect of insurance in the future. Established insurance players,
from insurance companies to agencies and brokers, see insurtech as
a crucial piece of planning their near-term and future growth and
strategy.
At the same time, out of the numerous insurtech businesses that
have been launched over the past three to five years, there are
many which have not only survived but which have established a
solid foundation, albeit while continuing to undergo rapid
transformation of their ideas and businesses. In 2019, such more
"mature" insurtech businesses will be targets
