I was rewatching The Godfather last weekend when something clicked. The parallels between running a “family business” like the Corleones and governing #AI in insurance companies are surprisingly strong. Both require strict codes, clear authority structures, and serious consequences for violations. The insurance industry is at a crossroads with AI. We want the power and […]
Happy New Year. 2022 seems to have been somewhat of a watershed year for Insurance as a whole and especially the Insurtech ecosystem. But our industry pales in comparison to the craziness we have been witnessing over the past week with the 15 votes it took to get the next speaker of the House elected. […]
Today, Insurtechs Root Insurance and Mediaalpha went public. Root was able to set their IPO price above the original estimate of $27, which will net them about $725 million, plus another $500 million from 2 private investors for a total of $1.25B. WOW! They now have a market capitalization of $7B. However, the market was […]
I had the real fortune to head to Davos this year and the World Economic Forum and some of the other forums around blockchain, cryptocurrency, and inclusiveness. I decided to go, mostly because this year’s theme “Sustainability” wasn’t something I hear regularly discussed in my personal or professional circles. I wanted to see if there […]