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The Changing Tides of Insurance and InsureTech: Challenges and Creativity in 2023
Manage episode 374362509 series 3456082
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In this episode, Bruce and Jeff highlight the challenges of a hard market and emphasize the increasing need for creativity in insurance, especially for regular consumers who are affected by the changing landscape. They also touch on InsureTech and how it's evolving to address consumer needs, using examples like cancellation insurance for events. Jeff explains the struggles InsureTech companies face in terms of obtaining insurance backing and how well-heeled investors and insurers are becoming more cautious in funding companies that aren't yet profitable. The conversation underscores the importance of finding a niche and staying in one's lane in the insurance industry.
Jeff Kleid, Founder
VCL Risk
800-979-0176
jdkleid@eliterisk.com
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