Secrets to launching a successful insurtech

Insights from INSTANDA's CEO on Launching an Insurtech

Tim Hardcastle, CEO of INSTANDA, recently shared valuable lessons he learned while establishing his insurance technology firm. His insights shed light on both the challenges and opportunities within the insurtech landscape.

Key Learnings

Hardcastle emphasized several important takeaways from his journey:

• Understand the Market: It's crucial for insurtech leaders to have a firm grasp of the evolving insurance market and meet the needs of their clients effectively.
• Embrace Change: The insurtech space is dynamic. Companies need to be adaptable and willing to embrace changes in technology and customer demands.
• Build a Strong Team: Success hinges on surrounding yourself with skilled individuals who share your vision. A collaborative team is essential for navigating the challenges of the industry.
• Focus on Customer Experience: Hardcastle highlighted the importance of a user-centric approach in product development. Understanding and addressing customer pain points can set a company apart.

Impact on the Insurtech Community

These insights are particularly relevant for startups and established players in the insurtech sector. By recognizing the importance of market understanding, adaptability, and team cohesion, future insurtech founders can better position themselves for success.

Hardcastle’s experiences serve as a reminder that while launching an insurtech can be complex, a clear focus on key principles can guide firms toward achieving their business goals.

Original Source: https://www.dig-in.com/podcast/secrets-to-launching-a-successful-insurtech