The effects of the coronavirus pandemic have been felt in the global economy, and also for startups. This is potentially problematic for those that are underfunded , as funding is projected to decline in the next months.
What does this mean for the insurtechs?
Some insurtech startups in a very early stage, may struggle with restricted or decreased access to venture capital. For others, coronavirus might be a catalyst to accelerate digital transformation in the industry. Insurtechs with strong technical infrastructure and digital solutions are oriented in a leading position , and may find an opportunity to outpace competitors; those that have not adapted to digital structures may face difficulties.
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27 Mar 2020