Search Results for: Straddle carriers
an insurer. they may perform key functions insurers would usually control, such as underwriting and pricing, binding coverage, appointing agents, or settling claims. several insurtechs chose this model, including corvus (cyber insurance), hippo (home insurance) and trōv (item by item insurance). carriers
take the least amount of risk. of course, the downside is they have less control on the product, get smaller cuts of the profits, and have less underwriting freedom. if a carrier's appetite changes, they must strategize quickly to still meet sales goals (though having relationships with multiple carriers...
https://www.forbes.com/sites/alexlazarow/2019/12/03/which-insurtech-distribution-model-gets-it-right/