'Introverted' (re)insurance industry holding itself back: Mendel

The "introverted and insular" attitude of the traditional
(re)insurance industry is making it vulnerable to disruption by
InsurTech firms, Bought by Many founder and co-CEO Steven Mendel
has claimed.
Speaking at The Insurance Insider's
InsiderTech London event today, the executive said the
industry was constraining itself from being truly innovative, in
part because it cannot decide if InsurTech companies are friend or
foe.
"It's incredibly interesting that businesses like
[start-up InsurTech fi