Are layoffs the ‘new normal’ for InsurTechs?
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Are layoffs the ‘new normal’ for InsurTechs?

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After a period of extensive hiring, layoffs have become the new normal for the InsurTech space, as companies contend with a challenging capital raising environment.

At last week’s Inside P&C Conference, executives pointed out that over the past few years, InsurTechs hired a broad mass of employees, especially in the technology space.

However,

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