Insurance, Tech Stocks Outpacing Insurtechs in 2021: HSCM Index
May 4, 2021
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.
“We believe this is the first and only index of its kind available to the public,” wrote Adrian Jones, a managing director of HSCM and a partner in HSCM’s Insurtech group, in a LinkedIn post.