Startups Startin' Somethin': Insurtech incites business revolution

Every investor in a startup is hoping for the next unicorn, a company that reaches a $1 billion market value in the shortest time possible. Most would settle with a growing company with a defensible niche. In the insurance industry, niches are aplenty.

“There's this sudden realization that every link in the insurance value chain is susceptible to disruption,” says Steven Kauderer, a partner with Bain & Company.