This Andreessen Horowitz General Partner talks about the tech companies disrupting the centuries-old insurance industry
At Andreessen Horowitz’s annual Innovation Summit in November, a16z General Partner Angela Strange spoke about the history of the insurance industry and the tech companies that are helping to shape its future.
Strange explains the difficulties that incumbent companies face, which is why no new insurance company has cracked the Fortune 500 list since before World War II.
With the advent of new data analysis technology however, Strange is confident that the insurance industry is bound for a seismic shift.
“The innovation we’ve seen over the last three centuries [in insurance] isn’t going to be nearly as exciting as what happens over the next three decades,” she said.
Chek out BI’s recap of Strange’s presentation on tech and the future of the insurance industry below