Insurance Innovation is not a Game, Treat it Like a Business (w/Andrew Rear, Chairman of Buckle)
Podcast: Full Episodes | Insurtech Leadership PodcastPublished On: Tue Sep 28 2021
Description: Until 2015 Andrew Rear worked in all facets of insurance in a 30-year career and turned that into an Insurtech second-half, convincing the board of MunichRe to partner and invest in Insurtechs. From 2021 'Andy' has been chairing a few Insurtechs including Buckle, and working with a private equity fund on its investment strategy. ✅His approach to partnering with MGA-insurtechs has always been deploying patient underwriting capital, in return for investing in early-stage entrepreneurs. ✅Andy believes there will be no 'Uber of insurance,' however there is already an Uber of the speciality areas of insurance such as small business insurance, or of gig economy insurance. ✅Andy uses an example of insurance innovation in the credit score space, with those above 650 correlated to paying bills on-time and fewer auto accidents as not being the 'end' of the insurance focus, but digging into the
The note was deleted
The note was saved
Your message was sent