The Leadership in Insurance Podcast - Insurtech & Innovation Surfacing The Science of Risk : An Interview with Jared Kaplan, CEO at Indigo Insurance
19 snips
Apr 22, 2025 
Jared Kaplan, CEO of Indigo Insurance and a tech-savvy entrepreneur, shares his insights on modernizing medical malpractice insurance. He discusses the challenges of traditional players and emphasizes the need for innovation through automation. Kaplan highlights the power of alternative data in transforming underwriting processes. He also touches on the advantages of incubated companies in reducing risk for startups. Additionally, he offers lessons in leadership, focusing on building a strong company culture and the importance of learning from failures.
AI Snips
Chapters
Transcript
Episode notes
MedMal Market's Disruption Potential
- Medical malpractice insurance remains a $13 billion market largely untouched by automation and machine learning.
- The sector relies heavily on manual underwriting with limited data points, creating significant opportunity for innovation.
Value of Incubator De-risking
- Incubator-backed startups benefit from de-risked ventures based on deep pre-launch research.
- Founders should operate with eyes wide open, expecting the initial plan to evolve substantially once live.
Rewiring Risk Assessment Culture
- Insurance underwriting culture is entrenched with many questions that add little pricing value.
- New entrants can sharply improve risk pricing by using focused, granular data specific to individuals.