InsurTech startups must grasp industry ecology: Devine

The wave of InsurTech ventures must apply experience, insurance
knowledge and an understanding of how the industry functions if
they are to succeed, according to Insureon CEO Ted Devine.
The executive warned that investors backing start-ups that lack
such a foundation won't make money, particularly in small
commercial segments like the one where his firm operates. Devine, a
former Aon president and Aon Re CEO, made the comments today during
a panel discussion at The Insurance
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