According to an analysis, some insurtech companies initially boasted of dramatically altering the insurance sector but lacked sustainable and scalable concepts. An executive director commented that these companies did not sell any insurance, indicating a gap between their claims and actual market impact.
Original Source: https://www.insurancetimes.co.uk/analysis/techtalk-insurtech-revolution-enters-a-second-coming-as-investment-shifts/1459483.article