In the last eight years the national banks of Iceland, Ireland, and Cyprus have failed. Without government bailouts, the banking crisis of 2008 would also have destroyed major banks in the United Kingdom and United States.
Are you about to invest in an Insurtech startup? Working with one? Or founding one? How do you know if you're likely to be successful (= make money?)
We are still in the hype stage of Insurtech startups. There have been no major failures.
But statistically most startups will fail.
So what should we look for to have confidence that the early excitement we feel is supported by evidence that we are in for a long and fruitful relationship?