For those who follow technological innovation, it can often seem like certain areas of investor enthusiasm come out of nowhere — suddenly and with huge momentum. The wave analogy is often used, and not incorrectly — fevered investment propels increasing interest and drives new opportunistic entrepreneurs into a specific industry area, building until it inevitably crashes as certain companies underperform and interest moves elsewhere.
There’s been a lot of discussion this year that insurance tech is driving to the peak of a similar cycle, and it’s understandable why: Fintech has seen a huge amount of investor attention, and dollars have flown into some bold, high-profile insurancecompanies. Many entrepreneurs are waking up to the fact that insurance is arguably one of the most old-fashioned, analog consumer services in existence, and they are creating companies to upend this premise…Read more at Tec Crunch