Insurers are by nature risk averse, conservative, highly compliant and slow moving. But once they get moving they will squash many startups that plan to steal markets and customers.

Whilst some frothy startups announce mid-term adjustments as a major innovation ( just one product and restricted geography) here Munich Re announce the same for a range of products.

And China being a hotbed of innovation with digital giants moving into insurance is a great place to launch such initiatives.

More ammo to the thought that 95% of insurtechs will disappear without trace and a small number of insurers ( 4 to 5 in each market) will win lion's share of revenues and profits as they exploit insurtech combined with their strengths.


"95% investment in Insurtech down the drain?"

"Winner takes most in digital transformation"