Finding Peak [Formerly The Ryan Hanley Show]

239. David Gritz on Why Bespoke MGAs are Changing Insurance

Mar 25, 2024

David Gritz, Co-founder of InsurTechNY, shares insights on how Bespoke MGAs are reshaping the insurance industry. He discusses the transformative impact of MGAs on independent agents and consumers, the potential of AI in insurance, and the success factors for aspiring MGA businesses. The conversation delves into the entrepreneurial journey in the tech sphere, highlighting the importance of accessibility and efficiency in InsurTech ventures.

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Introduction

00:00 • 4min

Discussion on Podcast Studio Setup and Audio Quality Enhancement

03:58 • 2min

Admiration for Meticulous Podcast Presentation and Quality

06:05 • 2min

Navigating Branding Strategies

08:31 • 8min

Innovative Concepts and Evolution of InsureTech MGAs

16:58 • 37min

Strategic Geographical Expansion in Insurance Industry

54:07 • 10min

Became a Master of the Close: https://masteroftheclose.com

Unlock the secrets behind the burgeoning InsurTech industry with David Gritz, the co-founder and managing director of InsurTechNY.

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Connect with David on LinkedIn: https://www.linkedin.com/in/davidgritz/

Our enlightening conversation peels back the layers of how MGAs and MGUs are revolutionizing insurance, offering targeted risk solutions and reshaping the industry for independent agents and consumers alike.

Hear firsthand about the incubator-like MGA lab where innovation thrives, and the transformative impact these entities have on both commercial and personal insurance realms.

Navigating the tech sphere's entrepreneurial waters can be a tumultuous journey, one that often serves up equal parts laughter and frustration. We swap stories of customer service mishaps that remind us of the importance of accessibility and efficiency—key ingredients to a successful InsurTech venture.

The dialogue veers into the potential of artificial intelligence and the seamless integration that entices even investors to become customers, as exemplified by the ease of policy purchases with companies like Chase.

The insurance world is a complex tapestry, but this episode cuts through the intricacy with precision, revealing how aspiring MGA businesses can scale and prosper. From the nitty-gritty of actuarial strategies to the tactical maneuvers of geographic expansion, the keys to a thriving MGA enterprise are laid bare.

And for those eager to dip their toes into the InsureTech revolution, we extend a warm invitation to join the vibrant community at InsurTechNY, your launchpad for networking and innovation in the heart of New York.

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