Stock prices of 18 U.S. insurtechs that went public in the last decade soared as a group in 2020. But so far in 2021, large non-insurance technology companies and traditional insurance stocks both outperformed the insurtechs.
Hudson Structured Capital Management reported the relative findings the week of April 18 as it simultaneously unveiled a new stock index created and administered by HSCM—the HSCM Public Insurtech Index, or HPIX—to measure the insurtech sector’s performance in public markets.
