Briefing: Insurtech buys incumbent – is Hippo’s deal for Spinnaker a pointer to the future as unicorns spread their wings?
The news today that unicorn insurtech Hippo has entered into an agreement to acquire Spinnaker Insurance - subject to regulatory approval - certainly highlights the continued maturity of the sector.
Because while there has been a lot of investment cascading from underwriters to insurtechs, there has not been too much travel the other way.
True, Wefox acquired One, a start-up digital insurer in
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