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Swisspreneur Show
EP #423 - Thomas Crawford & Daniel Delouya: Building AI-Powered Insurance
Jul 28, 2024
Thomas Crawford, co-founder and CEO of Bind, and Daniel Delouya, co-founder and COO, delve into the transformative power of AI in the insurance industry. They discuss how Bind simplifies customer targeting with an AI-driven approach, moving away from traditional methods. The duo shares insights on securing their first commercial agreements and their fundraising journey through the Swisspreneur Syndicate. Personal reflections reveal their entrepreneurial paths, showcasing their transition from corporate life to revolutionizing insurance with technology.
19:21
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Quick takeaways
- AI enhances personalized insurance recommendations by analyzing diverse data sources, making the purchasing process more engaging for consumers.
- Bind's strategy combines traditional broker advice with modern digital accessibility, addressing significant consumer pain points in the insurance market.
Deep dives
Changing Insurance Accessibility
The traditional methods of obtaining insurance are increasingly incompatible with modern lifestyles. Visiting a broker on the high street can be time-consuming and doesn't cater to the needs of all consumers, particularly those looking for quicker, more accessible options. Conversely, purchasing insurance online often leaves many feeling overwhelmed by the abundance of options and unclear on which products actually meet their needs. This gap highlights the necessity for innovative solutions that streamline the insurance purchasing process without compromising on personal relevance or customer education.
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