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A wave of insurtech startups are entering the re/insurance market – but that’s not necessarily a disruptive trend, according to a report published by JLT Re. Indeed, the report points to close collaboration between many new insurtech companies and established re/insurance companies as being, so far, mutually beneficial.
“The vast majority of insurtech firms are currently focused on supporting incumbents and improving their businesses, rather than supplanting them,” said the JLT Re Viewpoint report titled “Insurtech: Rebooting (Re)insurance,” which was launched at JLT Re’s press briefing held at this week’s Reinsurance Rendez-Vous in Monte Carlo.
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