Insurance Evolution Partners’ Post

What does Growth mean when the market is really difficult? Rick McCathron, President & CEO, Hippo Insurance, shares the underlying question you have to answer before knowing where and how to grow – can you grow profitably? As Hippo looks at growth now, they’re taking that nuanced approach to succeed. Watch the clip at https://lnkd.in/euBhFqJK and catch the full episode at https://lnkd.in/eU-8qnT9 #insurtech #insurance #futureofinsurance #innovation

Nick Lamparelli, Managing Partner, Insurance Nerds, says how the 5-10% wind coverage deductible that carriers are moving to in states like Florida means a loss isn’t affordable for insureds, while having a low-enough deductible isn’t affordable coverage to buy for insureds or to see for insurers. This is why product innovation is needed to create some form of coverage that is affordable to buy, sell and have. Watch the clip at https://lnkd.in/efUSra4Z and catch the full episode at https://lnkd.in/e2NAwM8G #insurtech #insurance #futureofinsurance #innovation

Hippo's Rick McCathron shares the strange paradox of high success rates in sales in insurance. For tech companies, great sales is a good thing. In insurance, if your hit rate is high and you’re growing really fast, you need to ask “Why?” Are you underpricing risk or missing something others know? Watch the clip at https://lnkd.in/eWgxGGcG and catch the full episode at https://lnkd.in/ewmkg44p #insurtech #insurance #futureofinsurance #innovation

To build a successful ecosystem approach, Sabine VanderLinden believes it’s about Trust when you’re building a network or a platform. Each player needs to trust every other player that they are building toward a shared vision, will support each other on that mission, and be transparent on the journey. Watch the clip at https://lnkd.in/eDmhBrgs and catch the full episode at https://lnkd.in/ekh-J3aY #insurtech #insurance #futureofinsurance #innovation

Insurance people are generally risk averse, which is part of why many of the early InsurTech founders were not from the industry. Kate Terry, Co-Founder and COO of Surround Insurance, which was started by two Insurance veterans, reflects on what that means. Early solutions were about solving for universal issues like tech, efficiency and CX. What was left is the hard stuff that takes depth in the industry – the product. This is what Surround aims to solve for by using the depth their team brings. Hear Kate’s thoughts in this clip at https://lnkd.in/eihzpSFk and get the complete episode at https://lnkd.in/ecjSB5Px #insurtech #insurance #futureofinsurance #innovation

John Swigart, Co-Founder & CEO of Pie Insurance, shares how the algorithms they’ve developed go beyond what rating services, who create general rates across an entire industry class. Pie looks at individual risks to relatively assess the risk in it against similar businesses across geographies and other situations. Pie tries to understand the frequency differences between accounts, with leads to better frequency experience than the industry, allowing them to grow rapidly with better loss ratios. This is different from underpricing-based rapid growth. Watch the clip at https://lnkd.in/e4Nsuta7 and catch the full episode at https://lnkd.in/ehmahGpT

John Swigart, Co-Founder & CEO of Pie Insurance, shares how the algorithms they’ve developed go beyond what rating services, who create general rates across an entire industry class. Pie looks at individual risks to relatively assess the risk in it against similar businesses across geographies and other situations. Pie tries to understand the frequency differences between accounts, with leads to better frequency experience than the industry, allowing them to grow rapidly with better loss ratios. This is different from underpricing-based rapid growth. Watch the clip at https://lnkd.in/eCr6TxqJ and catch the full episode at https://lnkd.in/efDdxQVG

Cold calling, relationships, and resilience paved the path to success. 🚀 🎧 Check out the full conversation with Aatur Thakkar, co-founder of Alliance Insurance Brokers Pvt Ltd at: podm.in/alliance ▶️ Watch the full episode at: podm.in/alliancevideo #insurance #AllianceInsuranceBrokers #IndianStartups #FounderThesis

Well worth a visit to Fleet & Mobility Live. Always good to see old faces and meet a few new ones along the way.. If we didn't manage to catch up, feel free to drop me a message and I can give you an insight into what we do at HRIB. Hamilton Robertson Insurance Brokers Jack Dalton #fleet #insurance #riskmanagement

Build or Buy – That’s the big question. Christian Mitchell, Chief Customer Officer of Northwestern Mutual, talks about how they have evolved their thinking to be much more open to buying great solutions and partnering with great externally-built solutions rather than feeling the need to build and create everything themselves. Watch the clip at https://lnkd.in/gVzjtrQD and catch the full episode at https://lnkd.in/g4nnUazV #insurtech #insurance #futureofinsurance #innovation