This Andreessen Horowitz General Partner talks about the tech companies disrupting the centuries-old insurance industry

Angela Strange

  • Andreessen
    Horowitz
    ‘s 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 why no new insurance company has cracked the
    Fortune 500 list since before World War II. 
  • She’s confident, however, that the industry is ripe for
    disruption: “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.”
  • The full video of Strange’s presentation can be found here.

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 (you can also watch the full video
here
): 

SEE ALSO: This
Andreessen Horowitz General Partner discusses the future of home
buying and the startups that are turning the ‘broken’ real estate
industry on its head

We protect against our losses by sharing our risk, or pooling.


See the rest of the story at Business Insider

Source: FS – All – Economy – News
This Andreessen Horowitz General Partner talks about the tech companies disrupting the centuries-old insurance industry