More InsurTechs could fail than people expect: MS&AD’s Soberg

04 August 2022

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InsurTechs have attracted eye-watering investments and valuations until recent months, but the market can expect some InsurTech failures soon as funders become cautious and more investees run out of cash, according to a major investor.

This was what Jon Soberg, managing partner of MS&AD Ventures, one of the most prolific early-stage InsurTech investors in the market, outlined to Insurance Insider in an interview.

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More InsurTechs could fail than people expect: MS&AD’s Soberg

InsurTechs have attracted eye-watering investments and valuations until recent months, but the market can expect some InsurTech failures soon as funders become cautious and more investees run out of cash, according to a major investor.

Fuel a smarter strategy with our actionable market intelligence

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More InsurTechs could fail than people expect: MS&AD’s Soberg

InsurTechs have attracted eye-watering investments and valuations until recent months, but the market can expect some InsurTech failures soon as funders become cautious and more investees run out of cash, according to a major investor.

Log in to continue

Fuel a smarter strategy with our actionable market intelligence

Topics

Everest Q1 CoR up 14 points to 102.7% as reinsurance unit hit by wildfires

Axis Q1 CoR decreases 1 point to 90.2% despite higher cat losses

Hamilton Global Specialty cyber head Spencer-Sim to exit

Realistic growth expectation for reinsurance is 6%-7%: Arch CFO

Voss among multiple European TL resignations from Dual

PartnerRe non-life segment swings to Q4 profit

Travelers Europe chief information officer Kitchen exits for Marsh