BLOGS. August 27, 2024
Advice for Start-Up (Re)Insurers – Tech and Service Provider Choices
New insurance start-ups, ranging from captives to commercial (re)insurers, typically coincide their launch with the renewal season for the P&C market, and many new life carriers also align with a January 1 approach. This can create a frenzy in the last quarter of the year to evaluate and select a range of service providers that will support the new carrier. As we approach Q4 2024, now is a great opportunity to discuss why a more thoughtful and measured approach to planning how a new insurance business will design, implement and sustain its future-state target operating model can ensure a smoother execution from the onset and transition from start-up to a thriving business.
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