How are public InsurTech companies doing? That's what Matteo Carbone explored in his latest essay. 👉 https://lnkd.in/dcSGqYvN As the market has shifted from pursuing growth at all costs to prioritizing profitable growth, he analyzed the performance of these players in terms of insurance (technical) results. He focused on three prominent players and conducted a comparative analysis of their recent financial results, balancing considerations of growth and profitability. I perceive it as an excellent benchmark for full-stack players, presenting an encouraging outlook as the figures consistently demonstrate improvement over time. #insurance #insurtech #venturecapial
Thanks for sharing Florian ! As we talk about improvement, Root Inc. have just released strong results, once again : https://www.bizjournals.com/columbus/news/2024/04/30/root-insurance-q1-2024.html
Supporting Insurtech & insurers to reinvent the industry | 1st employee @ alan, ex-COO @ wakam
8moIndeed, profitability improvement over time is a well known pattern in insurance, provided - it is proactively managed - it doesn't come out of the blue - time / funding allows the insurtech to do their homework