Disrupting the insurance market?
Last week we heard about Travelers acquiring Trōv’s digitals assets , this week Hub International partnered with Bold Penguin to acquire Insurion Holdings to build a stronger market position. Also announced this week, Aon has acquired Tyche , a technology platform for risk and capital modeling. Aon will integrate the Tyche capabilities into its broader client dashboard In other news last week, Lemonade and Root, companies that have set out to disrupt the insurance industry, published their insurance figures, which were a disappointment for many. As commented by on one of the many posts on the matter, it seems that underwriting, even with AI is not so easy after all. These InsurTech announcements caused quite some discussions around the community that went as far as asking if we should feel betrayed by the Insurtechs. What happens when there is disruption The photographic industry went through two disruptive changes in a relatively in under a decade. With digital cameras becoming widel