InsurTechs that over-optimized for growth were ‘destined for corrections’: Branch CEO
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InsurTechs that over-optimized for growth were ‘destined for corrections’: Branch CEO

Giovanna Bellotti Azevedo
July 07, 2022
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Branch logo with Steve Lekas Columbus Ohio.jpg

Branch co-founder and CEO Steve Lekas said that his company has only been willing to “grow as fast as our target loss ratio allows”, which he argued is unique in a market where valuations have over relied on growth and neglected underwriting profitability.

The executive spoke on the heels of Branch successfully raising $147mn in Series C funding, led by Weatherford Capital.

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Giovanna Bellotti Azevedo
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