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Hogan's Heros

Insurtech Vesttoo’s July 2023 Rapid Rise and Fall: A Cautionary Tale

[vc_row][vc_column][vc_column_text] As a kid, I loved watching Hogan’s Heros.  There are so many funny episodes, I couldn’t choose one to highlight here.  The show was set in a German POW camp during World War II and followed the antics of a group of Allied prisoners led by Colonel Robert Hogan....

12 Month Trailing Insurtech Results

1Q2023 Results: The Insurtech Rollercoaster: Riding the Waves of Innovation and Challenge

[vc_row][vc_column][vc_column_text]During my school years, the staple lunch was often a peanut butter and jelly sandwich (although I personally preferred PBJ + Cheddar Cheese). The sandwich didn't require refrigeration, and while it could be gooey and messy at times, it was generally always tasty. The insurtech results bear a resemblance to...

The illusion of #insurtechs

Old is Gold: The timeless appeal of small carriers and brokers

[vc_row][vc_column][vc_column_text] This week I was reminded that new isn’t always better.  There is a reason Richard Simmons was “Sweatin to the Oldies.” In the rapidly evolving world of technology and digitalization, it's easy to get swept up in the excitement of innovation and the allure of new-age insurance companies. The cutting-edge features and seamless...

How ChatGPT Can Help You Sell More Insurance Than a Talking Gecko in 2023

Summary  ChatGPT is the latest in a line of generational AI that is set to revolutionize the way we interact with machines. It uses natural language processing to understand and respond to customer queries in real-time. It can help streamline your internal processes, such as claims management, and policy underwriting,...

Tip O'Neill

Onward and Skyward: Our first IPO and Insurtech 2022 in review

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...

President Harry Truman

Size doesn’t matter. Lemonade vs Root 3Q22 Results

Lemonade and Root announced their third-quarter results this week. There were some positive developments for both companies, but there are still many challenges ahead for both. Indeed, their results remind me of a quote from former President Harry Truman: “It doesn’t matter how big a ranch you own or how many...

Leave it to Beaver

Insurtech Hippo vs the Beaver 2Q22 Results Unpacked

[vc_row][vc_column][vc_column_text] When I was a kid, I enjoyed watching reruns of "Leave It to Beaver." The story that many of you may remember is about the Cleaver Family, with the near-perfect parents June, yes, the same as quarter-end ?and Ward Cleaver and their two sons, Beaver and Wally. They lived...