InsurTech layoffs mark a pivot from ‘growth at all costs’ to ‘cash is king’
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InsurTech layoffs mark a pivot from ‘growth at all costs’ to ‘cash is king’

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Difficult fundraising conditions have pushed many InsurTech CEOs to scale back their headcount, sources said, marking a complete reversal from the rapid growth mantra that up until recently was religiously followed by venture capital investors in the sector.

It is understood that companies that were originally encouraged by VC funds to “beef up staff” with a view to growth are now revising their business models as investors re-evaluate their priorities and seek out leaner structures.


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