Insurtech Heat -- Prudential pays $2B for 3yr old start-up and Tesla insures own smart cars; plus 14 short takes on top developments
lex.substack.com
Hi Fintech futurists -- In the long take this week, I analyze the $3.5 billion acquisition (if including incentives) of Assurance by Prudential, which took many industry observers by surprise given the firm raised no venture capital backing. Combined with other insurtech symptoms, like 3D renderings of home damages composed of selfies, 500 million simulated driver situations for auto claims, and Tesla's entry into the business of insuring its own smart cars, we have a new emerging mental model for risk-taking in the space.
Insurtech Heat -- Prudential pays $2B for 3yr old start-up and Tesla insures own smart cars; plus 14 short takes on top developments
Insurtech Heat -- Prudential pays $2B for 3yr…
Insurtech Heat -- Prudential pays $2B for 3yr old start-up and Tesla insures own smart cars; plus 14 short takes on top developments
Hi Fintech futurists -- In the long take this week, I analyze the $3.5 billion acquisition (if including incentives) of Assurance by Prudential, which took many industry observers by surprise given the firm raised no venture capital backing. Combined with other insurtech symptoms, like 3D renderings of home damages composed of selfies, 500 million simulated driver situations for auto claims, and Tesla's entry into the business of insuring its own smart cars, we have a new emerging mental model for risk-taking in the space.