Ask HN: Are there any innovative startups in the insurance industry?
Seems like most innovation in this space consists of incremental improvement. Are there any companies actually disrupting this industry?
Insurance seems ripe for disruption, but by its very nature it is extremely risk-averse -- and that's not something that will change, nor should it. It's also a heavily regulated industry with thin margins, which favors the enormously capitalized incumbents with years of actuarial data and armies of experts.
On the other hand, because insurance operates with thin margins yet deals with gigantic amounts of money, what seems to be merely an "incremental improvement" can potentially make you quite wealthy, and if you could somehow figure out how to genuinely disrupt a significant insurance market the rewards would be commensurately mind-boggling.