I was very fortunate to be able to spend a few days at Plug and Play in Silicon Valley. My company was part of the lucky cohort that was invited to pitch. Here is a description of Plug and Play:
Silicon Valley in a Box
Plug and Play is a global innovation platform. We connect startups to corporations, and invest in over 100 companies every year.
We have 22 locations across the world with success stories that include PayPal, Dropbox, SoundHound, and Lending Club.
The insurance silo is one of the largest and fastest growing in the Plug and Play ecosystem. I was so impressed with what these special startups are doing in the insurance sphere that I decided to pull out my phone and speak to a few of them.
In this episode of Profiles in Risk you will meet:
Jim Rice – Jim is my partner and co-founder of reThought Insurance. Jim is never shy in giving his opinion, especially when it concerns me.
Ali Safavi – Ali is the director of the Insurtech silo and Managing Partner of Plug and Play. While he prefers to remain behind the scenes, Ali and his team (also interviewed Pablo and Haddia) are the driving forces of making Plug and Play successful. (and no..he is not an alcoholic, he was just playing around with us)
Janet Anderson – Janet is the CMO of Lapetus Solutions, a company whose motive is the prediction of life events. I was able to get an estimate that my life expectancy could be into the eighties, which was encouraging since I predicted I wouldn’t last past my fifties.
Jennifer Linton – Jen is the founder and CEO of Fenris Digital, which is reinventing the quoting process for global P&C. Jen is another professional who prefers to work behind the scenes, getting stuff done and allowing others to take the glory, but I wasn’t about to allow her to get away from the microphone.
Kate Stillwell – Kate is the CEO and founder of Jumpstart Recoveries. As a structural scientist, Kate is very familiar with what earthquakes can do to buildings. She is also keenly aware that most earthquake policies have very large deductibles. Kate is looking to solve the problem of homeowners having damage to their property that is below in the deductible by providing a first-dollar paying policy triggered by a parametric payout (in other words, the policyholder gets an immediate payout as a claim if the USGS shows that the home faced ground motion past a certain threshold…that means no claims adjuster!)
Jack Crawford – CEO of Datalog.ai. Jack and his CTO Stephane Egly, Datalog.ai’s CTO discuss the use of artificial intelligence and chat bots to simplify, scale and automate the customer service experience in insurance.
If you thought insurance was boring, you will not think so after listening to this podcast.