How can early-stage core-system providers achieve profitable growth amid market shifts?

Core-system providers are vendors that offer policy administration systems, payments and billing solutions, and data and analytics tools for the insurance industry.

Insurtech providers are companies that develop and sell software and data solutions to enable carriers and Managing General Agents (MGAs). This includes core-system providers and carriers and MGAs that are technology focused.

The core-system software market is growing rapidly and expected to grow even further but if current spend on sales and marketing persists, profits will likely be concentrated among only large Insurtech companies. Understanding the drivers for cost of sales and developing a strategy specifically tailored to a company’s situation will be key to driving performance from sales. 

Navigating growth in Insurtech: opportunities and challenges

Technical operations of a modern insurance company are complex, requiring highly…