"The current stagnant results mirror how the peaks of other fintech sectors have worked, according to Deloitte.

“The number of new insurtechs kept rising in both 2015 and 2016, at a time when startup activity in the other financial sectors had already started dropping from their high point,” the report says." Digital Insurance Oct 3rd 2018

Those insurtechs that have a compelling answer to real problems insurers MUST solve urgently are already making an impact meaning there are fewer gaps for new insurtechs to address.

The momentum is with the 10% of insurtechs that have these compelling solutions leaving 90% fighting for survival.