Analysis

Tech Talk: Breaching the technology barrier to M&A by bringing insurtech firms in-house?

By 2023-06-05T13:23:00

Russian dolls getting smaller

For larger brokers some do not know where to go in terms of technology as the landscape is very much driven by M&A

Technology is still both a deal catalyst and a barrier when it comes to M&A in the insurance market, but the insurtech element of the market is working to ensure that it is seen as a facilitator rather than a blocker. 

M&A and consolidation has formed a large part of the conversation whenever the UK’s broker market has been discussed over the last few decades, with the amount of brokers operating in the UK falling by an average of 0.4% year-on-year from 2018 to 2023, according to statistics from Ibis World published last year (6 August 2022).

Technology is still both a deal catalyst and a barrier when it comes to M&A, despite a recent uptick in insurtech M&A this year, the broking world has shrunk. 

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