Broker consolidation could boost reinsurance backing for InsurTechs: Protecdiv CEO
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Broker consolidation could boost reinsurance backing for InsurTechs: Protecdiv CEO

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Protecdiv founder and CEO Kael Coleman said that the proposed Aon-Willis merger was a “big scare” for (re)insurers, encouraging carriers to inject more capital into InsurTechs, despite the movement’s “growing pains”.

Speaking at the Inside P&C North America conference on Monday, Coleman said that insurance brokerage M&A activity could bolster partnerships between InsurTechs and reinsurers as reinsurance carriers seek more diverse distribution channels.

“There

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