Executives from insurtech companies have shared insights into common mistakes they see within the industry. According to these leaders, a prevalent error made by many insurtechs is prioritizing the development of products before identifying the problems they aim to solve. This approach can lead to challenges in gaining traction and finding market fit.
These observations were discussed in a report focusing on the strategic misalignments that can occur when insurtech firms lead with products rather than addressing market needs and customer challenges.
Original Source: https://www.dig-in.com/news/insurtechs-biggest-mistake-leading-with-a-product-not-a-problem