In insurtech 2.0, tech is a driving force — a tide lifting all boats — rather than just a tech sales angle. While the 1.0 cohort's heavy focus on the top-line proved a poor fit for insurance, the 2.0 generation sticks to what has worked historically: accurate risk assessment, assiduous pricing, and a focus on loss ratio — balanced against still-ambitious growth goals. (Credit: Shutterstock) In insurtech 2.0, tech is a driving force — a tide lifting all boats — rather than just a tech sales angle. While the 1.0 cohort's heavy focus on the top-line proved a poor fit for insurance, the 2.0 generation sticks to what has worked historically: accurate risk assessment, assiduous pricing, and a focus on loss ratio — balanced against still-ambitious growth goals. (Credit: Shutterstock)

A reckoning is here. After more than a decade of capital-fueled growth, the tech industry is undergoing retrenchment and a sea change in the way startups are measured and valued. This sudden shift came as a shock to operators, VCs, and rank-and-file employees alike.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Commercial Lines
Technology Solutions
E&S/Specialty
Cybersecurity