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The Era of Uncertainty: Insurance

How Insurers Can Turn Gathering Headwinds Into Opportunities

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About This Report
A difficult market environment is reshaping insurers’ priorities. Insurers that focus on improving customer lifetime value and meeting evolving consumer expectations can turn challenges into opportunities.
Table of Contents

Executive Summary

Worsening inflation and market turmoil have compounded insurers’ struggles with high commoditization and competition. Insurtechs have seen their valuations dwindle and are now faced with sparser and costlier funding that could break them.

Key Question: What do short- and long-term challenges and opportunities mean for insurance providers?

KEY STAT: In Q1 2022, insurtech funding fell 58% quarter over quarter to $2.2 billion, the worst level since Q2 2020.

authors

Eleni Digalaki

Contributors

Tyler Brown
Senior Analyst
Caitlin Cahalan
Researcher, Financial Services
Maria Elm
Senior Analyst
Oscar Orozco
Director, Forecasting

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