In the last year the insurance industry has woken up to the innovation challenge, as InsurTech startups swell in number and attract unprecedented funding.
Feeling the pressure, insurers are scrambling to engage with startups. Working with startups does not come naturally to many of them, but the rewards are too great to be ignored. Similarly, startups have misgivings about working with insurers. However, they are keen to bene t from their experience and capabilities.
We asked 25 InsurTech startups about their experiences of creating something from scratch, and identified key actions they can take to get the most out of their interactions with insurers.