Choosing your friends: how to select an insurtech partner
One person who sees many new entrants come into—and leave—their sector is Scott Whitehead, managing director, Markel Insurtech Underwriters. He spoke with the 1.1 Club, Intelligent Insurer’s online, on-demand platform for one-on-one interviews with industry leaders, to talk about how he sees the market and the art of finding the right allies.
Whitehead’s department works under the mandate of looking at what technology is entering the insurance space and working to develop them into their best iteration.
“We started about four years ago,” he said. “We saw this wave of money, intellect, and talent coming into the industry and trying to make things better, faster, smarter, and cheaper.