--- title: "Profiles in Risk – E99: Luke Magnan, Insurance Technologist & co-Founder of Combined Ratio Solutions - InsNerds.com" description: "This episode is sponsored by IA Path - Unlocking Your Adjusting Superpowers. Go to https://iapath.com WATCH HERE: OR LISTEN HERE: Luke Magnan was introduced to me by a close friend who told me that Luke was the most thoughtful insurance technologist my friend had ever worked with. In this episode of Profiles in Risk, Luke and" image: https://insnerds.com/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-01-41-56-8897-AM.jpg --- 2 min read # Profiles in Risk – E99: Luke Magnan, Insurance Technologist & co-Founder of Combined Ratio Solutions [![Picture of Nicholas Lamparelli](https://insnerds.com/hubfs/Nick%20Lamparelli(Headshot%20GS).jpg) Nicholas Lamparelli ](https://insnerds.com/insights/author/nicholas-lamparelli) : Jul 29, 2018 12:00:00 AM [Podcast](https://insnerds.com/insights/tag/podcast) ![Profiles in Risk – E99: Luke Magnan, Insurance Technologist & co-Founder of Combined Ratio Solutions](https://insnerds.com/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-01-41-56-8897-AM.jpg) *This episode is sponsored by ** [IA Path](https://iapath.com/)** – Unlocking Your Adjusting Superpowers. Go to **[https://iapath.com](https://iapath.com/)*** WATCH HERE: OR LISTEN HERE: Audio Player [https://www.buzzsprout.com/87086/762828-e99-luke-magnan-insurance-technologist-co-founder-of-combined-ratio-solutions.mp3](https://www.buzzsprout.com/87086/762828-e99-luke-magnan-insurance-technologist-co-founder-of-combined-ratio-solutions.mp3) 00:00 00:00 00:00 Use Up/Down Arrow keys to increase or decrease volume. Luke Magnan was introduced to me by a close friend who told me that Luke was the most thoughtful insurance technologist my friend had ever worked with. In this episode of Profiles in Risk, Luke and I discuss his startup Combined Ratio Solutions, the advantages & disadvantages of bootstrapping vs raising venture funds, the state of the insurtech market, how insurers allow legacy systems to get out of control (and how insurers who have prevented that from happening, did it) and using off-shore resources from Russia. Luke brings a wealth of wisdom to insurance and technology and shares it with us in this episode. **CONNECT WITH LUKE MAGNAN: LinkedIn: [https://www.linkedin.com/in/lukemagnan/](https://www.linkedin.com/in/lukemagnan/) Combined Ratio Solutions Home Page: [http://combinedrat.io/](http://combinedrat.io/) **** MENTIONED IN THIS EPISODE: ****McKinsey paper on insurance ecosystems & platforms: [https://goo.gl/LWqwrK](https://goo.gl/LWqwrK) App to remind you to put your phone down: [https://goo.gl/0R8tm3](https://goo.gl/0R8tm3) Leadenhall Market in London: [https://www.leadenhallmarket.co.uk/](https://www.leadenhallmarket.co.uk/) ** **BOOKS RECOMMENDED BY LUKE: The 7 Habits of Highly Effective People by Stephen Covey: [https://amzn.to/2AjyM2J](https://amzn.to/2AjyM2J) Against the Gods by Peter Bernstein: [https://amzn.to/2K86PKZ](https://amzn.to/2K86PKZ) East of Eden by John Steinbeck: [https://amzn.to/2LRucx8](https://amzn.to/2LRucx8) Revenger by Alistair Reynolds: [https://amzn.to/2LLMEHy](https://amzn.to/2LLMEHy) ** ** SUBSCRIBE AT: [Buzzsprout RSS: https://goo.gl/5K4X3Q](https://goo.gl/5K4X3Q)**** [Google Play: https://goo.gl/WMAvW4](https://goo.gl/WMAvW4)**** **** [iTunes: https://goo.gl/7SqwvP](https://goo.gl/7SqwvP)**** [Overcast: https://goo.gl/8b4cbD](https://goo.gl/8b4cbD) **** [Spotify: https://goo.gl/niAbGN](https://goo.gl/niAbGN) [Stitcher: https://goo.gl/DmE7Mi](https://goo.gl/DmE7Mi)** ** [YouTube: https://goo.gl/1Turar](https://goo.gl/1Turar)**   ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-01-41-56-8897-AM.jpg?width=100&height=100&name=Lamparelli-100x100-Jan-03-2025-01-41-56-8897-AM.jpg) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-01-41-56-8897-AM.jpg?width=100&height=100&name=Lamparelli-100x100-Jan-03-2025-01-41-56-8897-AM.jpg) ### About Nicholas Lamparelli Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist. - [![](https://insnerds.com/hubfs/Imported_Blog_Media/linkedin-Jan-03-2025-01-42-06-1901-AM.png) ![](https://insnerds.com/hubfs/Imported_Blog_Media/linkedin-Jan-03-2025-01-42-06-1901-AM.png) ](https://www.linkedin.com/in/nicklamparelli) - ![](https://insnerds.com/hubfs/Imported_Blog_Media/wordpress-Jan-03-2025-01-41-55-5476-AM.png) ![](https://insnerds.com/hubfs/Imported_Blog_Media/wordpress-Jan-03-2025-01-41-55-5476-AM.png) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-150x150-Jan-03-2025-01-41-56-0919-AM.jpg?width=150&height=150&name=Lamparelli-150x150-Jan-03-2025-01-41-56-0919-AM.jpg) ##### [ Nicholas Lamparelli](https://insnerds.com/author/nick-lamparelli/) + posts Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. 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[Podcast](https://insnerds.com/insights/tag/podcast) [Read More](https://insnerds.com/insights/profiles-in-risk-e98-joey-giangola-of-agency-nation-on-agencies-content-the-creative-process) ![](https://px.ads.linkedin.com/collect/?pid=7110236&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Nicholas Lamparelli", "url" : "https://insnerds.com/insights/author/nicholas-lamparelli" }, "dateModified" : "2025-01-03T01:42:32.684Z", "datePublished" : "2018-07-29T04:00:00.000Z", "headline" : "Profiles in Risk – E99: Luke Magnan, Insurance Technologist & co-Founder of Combined Ratio Solutions - InsNerds.com", "image" : [ "https://insnerds.com/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-01-41-56-8897-AM.jpg" ], "mainEntityOfPage" : { "@id" : "https://insnerds.com/insights/profiles-in-risk-e99-luke-magnan-insurance-technologist-co-founder-of-combined-ratio-solutions", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insnerds.com/hubfs/InsNerds%20Large%20print%20quality.png" }, "name" : "Insurance Nerds" } } ```