Quote from: martparve on September 22, 2018, 10:36:32 AM

Insurance Business Magazine has published a wonderful interview with Black's founder Risto.

Start-up entrepreneurs radical opinion: brokers can bypass insurers

by Gabriel Olano 22 Sep 2018
As insurtech start-ups try to disrupt the insurance industry, a relatively common theme is insurtechs eliminating or reducing the roles of intermediaries such as brokers.

However, one insurance start-up entrepreneur suggests going the opposite way: brokers bypassing insurers. Risto Rossar (pictured), co-founder of Estonian start-up Black Insurance, shared his opinion on innovation in the insurance industry with Insurance Business.

The operating system of insurance is slow, riddled with red tape, and technologically redundant, Rossar said. Insurance products are one of the most obvious bottlenecks. In order for a start-up or other innovator to have the control over the very insurance product they sell, they should have an insurance license, a substantial organisation to support the compliance, and capital in the magnitude of millions, or dozens of...

Read the entire article HERE

What does it mean by bypass insurer? Is this possible?