Insurtech start - ups should be developing partnerships rather than taking more funding from insurance carriers , Martha Smith of venture firm XL Ventures has said , after insurtech start - ups raised $ 2bn in venture capital in 2016 . You’ve got to build a history of these datasets.” Notaras , a partner at the firm , said insurtechs are realising they sometimes need the help and expertise of insurance carriers so they can be more helpful to them than investment . She recommended that they " find an interesting startup , they ’re solving a problem that is a problem that you have ” and said the insurance ecosystem had turned out to be more intertwined that she had expected .
Insurtech start - ups should be developing partnerships rather than taking more funding from insurance carriers , Martha Smith of venture firm XL Ventures has said , after insurtech start - ups raised $ 2bn in venture capital in 2016 . Notaras , a partner at the firm , said insurtechs are realising they sometimes need the help and expertise of insurance carriers so they can be more helpful to them than investment . She recommended that they " find an interesting startup , they ’re solving a problem that is a problem that you have ” and said the insurance ecosystem had turned out to be more intertwined that she had expected .