A wave of disruptive start-ups is bringing transformative tech-focused insurance products to market. Traditional industry giants are taking note. Amid capital and regulatory challenges as well as uncertainty caused by the pandemic, will we see a spike in strategic M&A in the coming year?
Last month in Davos, Goldman Sachs CEO David Solomon announced that, beginning this summer, the firm would no longer take U.S. and European companies public unless they have at least one diverse board member. Moreover, the new policy emphasizes the inclusion of women. And, beginning in 2021, the bank will require at least two diverse members. Solomon went on to note that companies with such makeups tend to make better business decisions. Data supports this idea.