The Future of Insurance – Dennis Ellis, GM of Insurance, Intuit Credit Karma

Dennis is general manager of insurance at Intuit Credit Karma, where he oversees the company’s fast-growing business unit that encompasses auto, life, home and renters insurance for Credit Karma’s more than 120 million U.S. members. Dennis joined Credit Karma through the acquisition of Zendrive, which will enable Credit Karma to accelerate Karma Drive, the company’s usage-based insurance product. At Zendrive, Dennis served as CEO where he oversaw the team and company strategy in pursuit of making roads safer through the power of data and analytics. Dennis is a seasoned technology professional, having held leadership roles at LiveRamp, Bertram Capital and Google X. Dennis holds an MBA from Stanford Business School and a bachelor’s degree from Virginia Tech. 

Highlights from the Show

• Dennis joined Intuit Credit Karma through their acquisition of ZenDrive, where he was CEO
• With credit being such a huge part of Auto insurance, it makes sense for a business like Credit Karma to be focused on the space, and help consumers manage their auto insurance rates and coverage as their credit score changes
• Credit Karma is not exclusively set on Auto insurance, but thinks instead of areas where consumer education and support in navigating something complex can yield better outcomes for them, so there are other possibilities for the business in insurance down the road
• One key thing to manage will be the issue of Privacy, which has been especially fraught in telematics and IoT-based coverage; Credit Karma thinks transparency and clarity are critical to be sure consumers always know where they stand when it comes to their data 

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