Rick Huckstep @ InsurTech
RiskMatch – connecting the disconnected world of commercial insurance
As understatements go, saying that the US insurance market is a big market is up there with the best of them! It’s around $1trillion in size with the market split roughly 50:50 between commercial and personal.
Let’s pick the commercial insurance market and look a little closer.
Here we see a market of 35,000 brokers placing business for 300 plus products with over 15,000 carriers. Brokers still account for 95% of all commercial insurance placed in the US, representing over 10+ million insured and over 200+ million policies.
About the Author
Rick Huckstep
ChairmanRick is a thought leader within the global InsurTech startup community. As an investor, adviser and mentor, Rick publishes many thought leadership pieces on InsurTech with The Digital Insurer and is also the Chairman of The Digital Insurer providing input and advice on the development of the business.
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Rick Huckstep
Chairman
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