Insurtech has become one of the fastest growing segments in fintech. McKinsey & Co. reported that over $10 billion has been invested in insurtech since 2012. Already there are over 2,500 insuretechs around the world, a number that will surely continue to climb.
While there’s no debate over whether insurance is ripe for disruption, there’s still uncertainty over which insurtech distribution model is the most innovative, profitable, and efficient. The core options include: broker, MGA, or carrier.