FinTech startup Revolut is hiring a VP of Insurance signaling their entry into insurance. This week, Shefi, Avi and Nick discussed the implications of this to Insurtechs, Insurance incumbents and even to other outsiders such as Amazon and Google. With so many different business models being introduced how should we all be thinking about our strategies? As usual, we don't always agree, but we debate the pros, the cons, the tradeoffs and the implications.
McKinsey/Allstate article: https://www.injurytriallawyer.com/blog/mckinsey-documents-allstate-insurance-unethical-business-practices.cfm