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Run Time: 27:23
in On Point

InsureTechs “Move Beyond PowerPoint Presentations”

If there has been any shift in insuretech strategy in the last 12 months, one trend has emerged: Traditional insurance carriers and eager startups realize they need each other to achieve long-term success. Martha Notaras, with XL Innovate, a venture fund with a sole limited partner in XL Catlin, is no newcomer to the insuretech space, having invested in data and analytics companies since the 1990s. In 2018, she says, “we will definitely see some failures – which is normal in any innovation – but we’ll see a continuation of what we started to see in 2017, which is some insuretechs making excellent progress from PowerPoint decks and business plans to creating products and getting them to the market.” In this engaging podcast, Martha points to a number of trends, including a sense of urgency by incumbent carriers to understand and leverage the newcomers’ talents.

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