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Home / Business / What happens when Wall Street falls out of love with your sector?
Posted on August 13, 2021 by Stylianos Hatzakis

What happens when Wall Street falls out of love with your sector?

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It’s been an awful week for public neoinsurance companies. A subsector of the larger insurtech world, neoinsurance providers tackled a number of insurance categories using a blend of modern app design and machine learning in hopes of creating more user-friendly and profitable insurance products.
The idea proved attractive to venture capitalists, who invested in a host of companies working on the problem space. And it went so well that in the last year or so we saw a number of U.S. neoinsurance companies go public.

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Category: Business
Tags: Auto Insurance, Business News, Business Updates, car insurance, Carvana, Earnings, EC Newsletter, Hippo, Insurance, insurance underwriting, lemonade, Machine Learning, marshmallow, MetroMile, Next Insurance, ROOT, TC, The Exchange, zego

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