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Instant Insights / InsurTech & startups: What you need to know

Insurance technology, or InsurTech as many know it, is changing the insurance industry — whether it is ready for the transformation or not.

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partnerships Startup MGAs and greenfield insurers are increasingly partnering with existing core systems providers — as clients. (Photo: iStock)

One of the most pressing questions that has arisen from the InsurTech movement is this: Will InsurTech startups have a need to utilize the incumbent tech market’s capabilities?

In the past three years, startups have been actively partnering with other startups, insurers, and tech incumbents. Partnerships, of course, come in many different flavors.

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