But always remember 90% will fail so pick from the right 10%. Too many insurtechs making marginal differences so look for vision, strategy and compelling business case.
Follow link below to Dennis Gronger at Shadow Foundr- The Hub to see 4 more reasons.
The insurance industry is one of the last in which companies are still doing most of the value chain on their own. They are doing it with 25+ year old legacy systems and as a result are missing numerous opportunities. For instance, a typical European motor insurer needs to spend 99 cents of each $1 on claims. About a third of this sum are expenses for handling claims. Transforming this into a full digital process could reduce these claims-related expenses to at least 80 cents of each Dollar.
/Passle/5936d4a43d94760a145c92a7/SearchServiceImages/2026-10-07-15-47-10-738-6ac6697ea94b9e84e53c38fc.jpg)
/Passle/5936d4a43d94760a145c92a7/SearchServiceImages/2026-10-05-10-49-57-927-6ac380d5147a7b8e1ace985b.jpg)
/Passle/5936d4a43d94760a145c92a7/SearchServiceImages/2026-09-23-14-13-13-321-6ab3de7902670829c849ef1a.jpg)
/Passle/5936d4a43d94760a145c92a7/SearchServiceImages/2026-09-04-12-26-17-999-6a9ab8e94804626b99cd417a.jpg)