In this graphic provided by Capco, purple represents traditional mergers and relations, and green represents the new territory inhabited by Lemonade and Hippo-Spinnaker. In this graphic provided by Capco, purple represents traditional mergers and relations, and green represents the new territory inhabited by Lemonade and Hippo-Spinnaker.

Historically, the insurance world's value chain hierarchy was as follows: Carriers develop products while captives or independent advisors distribute it.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
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.