InsurTech: Don’t go public until you have to
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InsurTech: Don’t go public until you have to

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If you had one dollar to invest in insurance at the start of the 2010s, the best part of the industry to put it to work in was probably privately owned retail brokers – the Hubs, the USIs, the NFPs of the world.

These firms have in some cases been able to achieve long-term internal rates of return in the 20s and 30s, and the strategy has been pretty much as safe as houses – with even the weaker management teams pursuing...

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