Insurtech, short for insurance technology, is a new wave of disruptive innovation in the insurance industry. In the same way that “fintechs” changed the landscape of the finance sector, insurtechs have positioned themselves as alternatives to conventional options for consumers. Consequently, they’re poised to be a growing challenge, threat, or opportunity for established firms in the years ahead. How do insurtechs work, exactly? Insurtechs have begun to operate at almost every level of the insurance...
