FNO: InsureTech

Hosts Rob and Lee discuss topics such as homeowners insurance, inflation, and the impact of A.I. in the insurance industry. They explore challenges in shopping for insurance, the value of human agents, and reflections on technological advancements. The conversation delves into the importance of proper coverage and the transformative potential of A.I.

Join Lee as he talks with Adam Bowe, CEO and co-founder of Cake. Learn how Cake is revolutionizing the buying, selling, and valuation of insurance agencies. Adam shares the platform’s unique approach, using machine learning for precise valuations, and highlights tools for anonymous listings, secure transactions, and escrow services. Discover the challenges and opportunities in the insuretech space, and how Cake is making the market more accessible for agency owners and buyers alike.  

Co-hosts Rob and Lee chat with Scott Kannry, CEO and co-founder of Axio, exploring how Axio helps businesses manage cyber risk. Scott shares Axio's origin story, their unique approach to cyber insurance, and collaboration with Lloyd’s of London. Tune in to learn about the evolving field of cyber insurance and the importance of mitigating cyber risks today.

Listen as Jared Kaplan, CEO and co-founder of Indigo, discusses the challenges and innovations in medical malpractice insurance, sharing his journey from building tech startups to using transforming insurance with artificial intelligence and data analytics. Jared explores Indigo's approach to differentiating risk, offering lower premiums to deserving doctors, and ultimately aiming to impact the healthcare industry positively. Kaplan also shares a lighthearted glimpse into his off-work hobbies when he's not running the business.

In this episode, Rob catches up with Ty Harris, CEO and co-founder of Openly, for his second appearance on the show. Join Ty and Rob as they chat about Openly’s growth, remote work success, and strategies for navigating the current market. Harris shares insights on Openly’s tech-enabled approach to home insurance and targeting the mass affluent market through independent agents. They also explore Openly’s focus on customer and agent satisfaction, the potential to enter the auto insurance market, and the impact of AI. We also get a little peek into Harris’s unique background, from academia to poker and ballroom dancing.  

President of Verisk Property Estimating Solutions, Aaron Brunko, and Chief Product Officer, David Obert, discuss the importance of AI and innovation in insurance, property estimating solutions, and the future of work. They share insights on how AI can streamline processes, improve decision-making, and impact claims management efficiency. The conversation also emphasizes ethical considerations in AI development and the necessity of staying ahead in technological advancements for industry relevance.

A panel featuring InsurTech Coalition founders from Branch, Lemonade, Boost, and Indigo discuss shaping regulation for insurance and technology, being proactive vs reactive, responsible use of technology, AI adoption timing, and collaboration despite competition.

This week, Rob and Lee welcome Ali Azhar, Chief Business Development Officer at HOVER to discuss the company's growth and innovations. Ali talks about leading the charge to work on the current verticals in construction, insurance and moving into new verticals. He discusses HOVER's journey from 2018 and all the changes that have occurred since then. Ali also shares insights into HOVER's commitment to hiring top talent and how artificial intelligence has shaped the company since its early days and their vision for the future through emerging technologies.   Learn More: www.fnoinsuretech.com HOVER  Ali on LinkedIn      What You’ll Hear In This Episode: [7:06] Ali joins from Franklin, TN.  [7:20] Ali shares more about his career history and his family coming to New Jersey by way of Afghanistan.  [10:08] Ali’s growth from a traditional sales leadership role to CRO, focusing on optimizing core businesses and developing new markets.  [12:29] Starting with the construction vertical and scaling to home improvement.  [15:05] Insurance is the fastest growing sector.  [16:40] Monetizing AI-powered design tool for contractors. [19:50] HOVER’s leadership never wavered in their commitment to deliver a solution that would provide incredibly high utility and value to the end consumer.  [21:10] HOVER provides more than measurements.   [24:00] The magic moment of using HOVER’s technology.  [25:35] A counterbalance between the needs of pro users as well as policy holders. [30:45] Why is construction the largest vertical?  [33:20] The importance of human psychology in implementing technology.  [38:26] HOVER’s great hiring philosophy - if you want to work there, you have to be nice!  [41:02] Product development and what can we expect in HOVER’s future?  [44:56] AI’s impact on Hover.   

Guest Gustavo Doria Filho discusses CQCS's growth, Brazil's InsurTech ecosystem, and upcoming events. Brazil's unique insurance regulation, paperless systems, and innovative industry. Insightful discussions on industry community, global perspectives, and exciting Sao Paulo event.

Rob and Lee chat about their recent trip to London and then welcome Danny Chatziprodromou, CEO and Co-Founder of REOR20. Danny talks about how REOR20 is applying AI to revolutionize flood risk assessment and underwriting, and how the innovative technology could transform the flood insurance industry. He details more about how their physics-based AI model is one of a kind and provides more accurate risk predictions, allowing for a transformative solution for engineering-focused underwriting.   Learn More: www.fnoinsuretech.com REOR20 Danny on LinkedIn   What You’ll Hear In This Episode: [7:24] Danny explains more about the meaning and name REOR20. [9:11] Fun Fact: Danny wanted to become a Formula One engineer as a child. [11:03] REOR20 coming out of stealth mode. [11:48] Winning Lloyd's competition, Lloyd's of London. [12:33] Building deep tech, AI that understands physics. [16:47] What REOR20 brings to the market. [23:44] Rewriting the thinking and methodology that has been in place. [25:18] How would this affect claim management? [27:45] REOR20 working with insurance directly. [30:05] Winning the Lloyd Labs contest and what they got out of the collaboration. [32:11] Flooding is the #1 catastrophe on Earth. [33:17] REOR’s customer base. [38:24] REOR is a deep technology company, but it was an organic fit with the InsurTech space. [40:10] The issue of AI working with the dynamics of physics. [42:15] Teaching AI the components of mathematics. [42:42] Building the fluid dynamics engine. [45:13] What is it like to be at the forefront of AI?