What: The July insurtech funding breakdown shows a mix of software companies and companies selling directly to customers. It’s a microcosm of the two approaches insurtechs are taking: upgrading the industry vs replacing it.
Why it matters: It is interesting to note that this group is almost evenly divided in betting on current carriers vs startups. It comes down to a simple question: is the head start that existing players have enough to stave off new entrants?
Read: Insurtech funding rounds July 2021