September 2019 – Money continues to pour into the InsureTech market, and insurers are waking up to the benefits of InsureTech partnerships: access to technical expertise, new talent, and a low-cost way to test new technology, to name a few. Yet time and resources are precious to startups, and many insurers want to see a track record of success before entering an engagement. This combination can introduce challenges when it comes to partnering.
Novarica discussed the experience of working with insurers with more than 25 startups, ranging from early-stage to more established companies to help insurers understand the startup perspective: what’s working, what’s not, and how insurers can take advantage of partnerships.
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