Why legacy tech is a key driver of M&A in insurance

InsurTech - InsureTech - Insurance Technology - Innovation and Emerging Technologies in the Insurance Industry - Conceptual Illustration

Jeff Heine, chief revenue officer of Novidea, explores how insurers with outdated technology stacks are less attractive to buyers who are looking for acquisition targets who are tech-savvy or have already undergone a significant digital transformation.

The insurance industry is undergoing rapid transformation, driven by the dual forces of technological innovation and shifting consumer expectations. 

Insurtech has emerged as a disruptive powerhouse

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