FNO: InsureTech

Startups require attention, resources, and time. Finding an investor or partner that offers these factors is not an easy task and requires thoughtful and methodical intent. Our guest for this episode has fostered, developed, and nurtured innovation, idea, and startups. 36 companies have had the opportunity to work with this venture group, and hundreds of others continue to reach out. On this week'...

On this episode of FNO: InsureTech, we are joined by Darin McCarthy, Vice President of Claims at Hippo Insurance. Hippo has automated the process and modernized coverage, allowing them to offer policies that cover the homes and possessions that consumers own today, with cost efficiency and effectiveness. Tune in to this episode to hear Darin take us through Hippo's model and how they view claims a...

Strategy is important when it comes to developing an idea, a goal, an action, and for our intent and purpose, insurance. By developing a strategy, a path can be formed that allows for clarity, understanding, and identifying the problems, as well as the solutions. On this week's episode of FNO: InsureTech, we are joined by Mark Breading, Partner & Chief Research Officer at Strategy Meets Action (SM...

Weather is the lifeblood of claims. It can be the decisionmaker, the telltale sign, the cause.  One company has taken its roots in the weather, providing data points that can be used in predicting claims patterns and insights and determining when an insurer should file a claim.   On this week's episode of FNO: InsureTech, we are joined by Demetrius Gray, CEO & Co-Founder of WeatherCheck. WeatherCh...

Data is power. It creates. It moves. With data comes knowledge and information that can be integral and crucial to a business, organization, even an infrastructure of a city.   This week, we talk with a business that makes sense of data points and turns it into useable, logical big data.   On this week's episode of FNO: InsureTech, we are joined by Carey Ann Nadeau, Founder & CEO of Open Data Nati...

***This episode of the FNO: InsureTech was recorded prior to Hurricane Dorian. Our thoughts and prayers are with those impacted by this storm.*** The world of insurance is constantly evolving. As technologies innovate and improve the claims processes, customer-insurer relationships are also evolving and adapting. Innovation is becoming a practice in and of itself.  This week, we get a glimpse of t...

Communicating with customers is integral to any business. When it comes to communicating with the insured, it's important to build rapport and relationships that allow easy flow of information.  On this week's episode of FNO: InsureTech, we are joined by Miguel Fernandez, Founder of Claimbot (https://www.claimbotcx.com). Claimbot's technology integrates with your systems to ensure users receive ac...

"Artificial Intelligence" and "Drone Technology" have been recent and relevant buzz phrases in the insuretech industry. The application of these technologies have mostly been used in separate situations, but when you put the two together, you get a result that can do amazing things. On this week's episode of FNO: InsureTech, we are joined by Andy "Maverick" Liu, Founder & CEO of Bees360 Inc. (http...

SMS is has become a commonplace form of communication. Notifications have become the normal. The ease of communication has opened up opportunities to contact customers on a more personable, direct way. One company has taken a direction in harnessing the power of SMS for smart and intelligent communication for businesses. On this week's episode of FNO: InsureTech, we are joined by Alex Beller, Co-F...

In the space of insuretech, there is a lot of opportunity. Efficiency opportunity, growth opportunity, distribution opportunity, and more.  Growing a startup may involve an acquisition of funds, resources, and support to gain those opportunities. One such company that provides these opportunities is American Family Ventures. On this week's episode of FNO: InsureTech, we are joined by Dan Reed, Man...

Not many people have a front row seat to insuretech. To see ideas and concepts from conception to reality, to watch the wave of innovation crash on the shores of the insurance industry. Our guest this week has the unique experience of having perspectives from boots on the ground to director, a full scope of knowledge and expertise. On this week's episode of FNO: InsureTech, we are joined by Tony T...

The rise of IoT (Internet of Things) has given customers the connectivity, and ability, to control and monitor their property. Partnering IoTs with insurance has created a new experience and changed the way that insurance providers interact with their customers and provide services.  Notion is one of those companies that is bridging insurance and technology with an enhanced customer experience. On...

Writing a book takes content and a timeline. Being a thought leader requires identifying problems and finding solutions.  Becoming a keynote speaker requires certain depth of knowledge and familiarity. These are things that require time, experience, and motivation. These things have all been done by Rob Galbraith, the "most interesting man in insurance". On this week's episode of FNO: InsureTech,...

It is essential to empower your workforce nowadays.  Utilizing things like mobile technology, automation, and analytics can create useable data, operational insights, and business opportunities. But where do you start? How do you start? GoSpotCheck has the answer. On this week's episode of FNO: InsureTech, we are joined by Matt Talbot, CEO/Co-Founder at GoSpotCheck. GoSpotCheck has enabled over 20...

A startup company can face many challenges in their early stages: fundraising, technology, and developing business relationships.   That is why startups look for help from accelerators, incubators, and partnerships, to turn their possibilities into realities.   That is what KiwiTech is doing for startups: co-building great companies with their startup partners.   On this week's episode of FNO: Ins...

When it comes to innovation, there is a process that is involved in discovering technology initiatives and emerging technologies. When you combine that process of seeking innovation with the oldest mutual insurer of automobiles (as well a provider of other lines of insurance) in the country and winner of 49 J.D. Power Awards, you get Adam Kostecki. On this week's episode of FNO: InsureTech, we are...

When someone knows the market and listens to the market, they can create a product that is able to provide the solutions desired and needed. In today's age, the market is saturated with many possible solutions-- but do they have the right data to give you the exact fit of need? Can integration occur, so that both parties can benefit from one another and be beneficial to the industry?  On this week...

Data is essential in developing a comprehensive claim. It's about making sense of the information collected. Data, however, can be a pain point. The problem? Traditional claims software is outdated, incomplete, and inflexible.  That's where A.I. Insurance Inc. ( http://aiinsurance.io ) comes in. Their aim: bring claim management "to the cloud". On this week's episode of FNO: InsureTech, we are joi...

"Lyft is essentially an insurance company, that just happens to do rideshares." - Caribou Honig (click to tweet) Ideas spread through a community. And for many of us siloed in our desk jobs, this phenomenon may be absent in our lives. That's where the role of conferences come into play. By gathering groups of people within any given industry—ideas are able to bounce between minds, and creativity i...

"It's not a texting tool. It's not a chatbot. It's much bigger than that. It's a hub." - Bryan Falchuk (click to tweet) It boils down to customer satisfaction. At the end of the day, if your policyholders aren't happy—they will just seek out other carriers for coverage. We see this happen in the companies that get lost in the other metrics: annual revenue, marketing budgets, R&D. The bottom is tha...

"We're not doing the internet of things. We're doing the internet of dumb things, retrofitting the smart into place." - Roel Peeters (click to tweet) Everyone is talking about the internet of things. Turning the physical objects of our home into cloud-enabled, smart devices that communicate with each other seems like the way our society should be shifting. But have we taken it too far with new inn...

"Know what problem you're trying to solve. And who you're trying to solve it for." - Ted Stuckey (click to tweet) Innovation comes from the startup. But a startup has only so much power to bring those new ideas to life. When first starting out, the labor required to lift the operation above sea level is so immense that innovation gets lost in the noise of to-do's. This is when it may be time to pa...

"If you can track a pizza on Domino's—surely you can track where you are on your claim." - James Swayze (click to tweet) It's hard to quantify just how valuable data is. We hear the news stories about corporations mining our behavior and reselling it as datasets. But really, how valuable can these facts be? It turns out that in the insurance industry, access to all parts of a customer journey with...

  "So many discussions across industries are the same discussions, with just a different wrapper." - Joe Kirgues (click to tweet) Conferences have a routine. You wake up at the hotel, meet for coffee downstairs, network amongst each other on the conference floor, attend a few keynotes,, go out to dinner, and then repeat the motions the next day. But what happens when you put a conference inside a...

"It's a 50/50 chance—or a coin flip—that in any given year, a major hurricane will hit the U.S based on historical data." - Dr. Philip Klotzbach (click to tweet) Weather is becoming easier to predict. With the advancing technologies and increasing quantities of data, forecasting storms and hurricanes is becoming less and less of a challenge. And for those of us in the insurance industry, this accu...