In Depth: Insurtechs – brokers beware before before entering this sector

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Does the insurtech sector offer brokers a land of opportunity or is it more about style over substance? Rachel Gordon reports.

Like a glorious swimming pool on the hottest of summer days, the insurtech sector appears the only place to be – so no wonder new entrants continue to take the plunge. However, are regional brokers part of this inviting picture? Or should more dive in, or at least dip a toe in the water?

A recent article in the Financial Times, albeit focused on the US, claimed some insurtechs are under pressure as “hype dies down and losses mount”. A UK source said he was aware a number of UK insurtechs “are

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