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As the WSJ reports - ‘Insuretech’ companies have found it makes more sense to collaborate with old-line insurers, rather than replace them.
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But as insuretech ventures, as they are collectively known, have raked in growing sums of investment over the past couple of years, a nondisruptive business model has emerged as a path to success in life insurance. Newcomers have their sights on big dollars, including $3 billion in new annualized premiums for term-life policies, according to industry-funded research firm Limra. Term life is a popular option that pays a specified amount if death occurs in a specified number of years.
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