The Changing Tides of Insurance and InsureTech: Challenges and Creativity in 2023

In this episode,  Bruce and Jeff  highlight the challenges of a hard market and  emphasize the increasing need for creativity in insurance, especially for regular consumers who are affected by the changing landscape. They also touch on InsureTech and how it's evolving to address consumer needs, using examples like cancellation insurance for events. Jeff explains the struggles InsureTech companies face in terms of obtaining insurance backing and how well-heeled investors and insurers are becoming more cautious in funding companies that aren't yet profitable. The conversation underscores the importance of finding a niche and staying in one's lane in the insurance industry.

Jeff Kleid, Founder

VCL Risk

800-979-0176

jdkleid@eliterisk.com