InsurTech v. Traditional

After spending a week at InsureTech Connect, it’s inevitable that the debates will start.

Insurtech companies are disrupting the industry and fixing what’s broken.

Traditional insurers have won for over a century because of what they built.

Well can’t both be right?  That’s what I talk about in this episode of The Insurance Nerdery

Oh, and you think I’d run into Billy Idol and not make that a part of my next video.  Let’s get serious!

The One With Rob Galbraith

I happened to catch The Most Interesting Man in Insurance in the insurance wild.  He was releasing his book, The End of Insurance As We Know It, at the Insurance Library Association of Boston.

While on my insurance safari, Rob Galbraith spoke with Nick Lamparelli about some major themes in his book.  Then he opened to the audience for any questions.

During audience participation, Dan Findley of the Andover Companies showed that even carriers that have centuries of experience are looking to the future when he asked Rob:

What should incumbent carriers be thinking (read:  worried about) when it comes to new insurtechs entering the marketplace?

Rob gives us a couple of non-insurance examples in his response.  And you’ll be surprised when he says the time to worry is not when the insurtechs are doing what the carriers are doing.  But something else.

We were able to capture this moment of the Q & A in this episode of The Insurance Nerdery.