Blog: Why incumbent insurers must buy out insurtech start-ups
Instead of just driving efficiencies, some start-ups now have the ambition to become full-stack insurers, warns Paul Cuatrecasas, CEO of investment bank Aquaa Partners, urging incumbents to buy out these potential competitors.
Insurtech is booming. According to CB Insights, insurance startups raised $1.7bn (£1.3bn) in 2016, the highest total ever. And it’s not slowing. The second quarter of 2017 saw an extraordinary 248%
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