Profiles in Risk

In this episode, I discuss agent/carrier productivity with Tou Yang. Tou created Agent Ave as a way to efficiently organize all of the carrier-related info he had scattered among sticky notes, notebooks, binders, and manuals.

Cyber risks seem to be in the national headlines week after week. Recently credit reporting agency, Equifax was hacked and it is estimated that 143 MILLION Americans could have critical private information (such as social security numbers) compromised. On this episode of Profiles in Risk, I discuss cyber risks with Amit Rai of Cyber Boxer. An insurtech startup, based in India, on what is cyber risk, what are the most common types, how we can prevent them and we also get into the Indian startup scene and how that compares to the tech scene in the Valley.

In this episode of Profiles in Risk, Rob Galbraith becomes the first person to be on both Profiles in Risk and The Attachment Point Podcast. We discuss Rob's time storm chasing as an embedded civilian with the IBHS and the article he wrote for InsNerds on the trip. MENTIONED ON THE SHOW: IBHS - INSURANCE INSTITUTE FOR BUSINESS & HOME SAFETY: https://disastersafety.org/ Disdrometer - https://en.wikipedia.org/wiki/Disdrometer HOW TO REACH ROB: LinkedIn: https://www.linkedin.com/in/rob-galbraith-8707aa1/ Twitter: https://twitter.com/robgalb

In this episode of Profile in Risk, I speak with Kevin Grudzien (pronounced Groo-Jean, as in blue jean). Kevin is a forensic accountant who specializes in reconstructing business interruption losses. Business interruption claims are some of the most difficult to adjust in insurance. Kevin and I discuss why that is, and what companies can do to make sure they have the proper BI coverage and to avoid painful BI claims. We also jump into Contingent Business Interruption, careers in forensic accounting and the opportunities that exist for insurtech to streamline this one adjusting niche. CONTACT KEVIN: https://www.linkedin.com/in/kevin-grudzien-4712806/

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:

Recently I had to complete an application for Errors and Omissions Insurance (E&O) for my startup. Unfortunately for me, the application required me to download, print, complete, sign, scan and email back to the broker. I then had to re-answer several questions by email. A very inefficient process and one fraught with potential errors for insurance agents. Mike Furlong aims to fix this. In this episode of Profiles in Risk, I interviewed Mike Furlong of Indio Technologies and we discussed his anti-Sisyphean quest to help agents break their dependence on paper applications and other unstructured data. We also go into some of the ups & downs of creating a startup Contact: https://www.linkedin.com/in/michael-furlong-6442b332/ mike@uxindio.com https://www.useindio.com/

Jeff Kleid's career really stands out. He started out as an insurance producer but moved to an executive role and used the skills from both positions to become one of the first successful web-based insurance entrepreneurs. Some of his early web-based programs are still alive, bigger and better than ever. ON BEING A GOOD NETWORKER: Toastmasters Internal: https://www.toastmasters.org/ On being a good networker - "It's about quality not quantity" On being a bad networker - "don't throw your business cards around" HOW TO REACH JEFF: email: jeff@jeffkleid.com Twitter: https://twitter.com/JeffKleid LinkedIn: https://www.linkedin.com/in/jeffkleid/ Home Page: http://jeffkleid.com/ Book: Networking With The Cards You Are Dealt Inexpensive video creation: www.powtoon.com

In this episode of Profiles in Risk we spoke with Rick McCathron, the head of insurance at Hippo Insurance. Hippo is a digitally native homeowner insurer currently writing out of California. Rick spoke about Hippo's mission to provide a modern insurance product, that covers assets that the modern homeowners need covered today (yeah, they don't really focus on stock certificates or gold bullion)...all with the modern conveniences of digital technology. Most customers can get a quote in less than 60 seconds and can bind coverage in less than 3 minutes. In the podcast, Rick referred to Hippo's business model as consisting of a 3-legged stool. Leg 1. superior customer experience via the UI, phone, and other technologies; Leg 2. Superior product that matches coverages to modern exposures and Leg 3. taking advantage of big data and other 3rd party data sources to quantify the exposure for underwriting (thereby improving stool leg 1!). BACKGROUND INFORMATION: Linkedin Profile: https://www.linkedin.com/in/richard-l-mccathron-514a4a4/ Hippo Insurance homepage: https://myhippo.com/ Hippo YouTube video (via Milliman): https://www.youtube.com/watch?v=LJmvinO9Pes AS MENTIONED IN THE PODCAST: Loss Pick: https://www.irmi.com/online/insurance-glossary/terms/l/loss-pick.aspx RANK THE RISK: https://www.valuepenguin.com/average-cost-of-homeowners-insurance

In his own words: "I was never formally educated, I'm not very talented, and my IQ is average (at best). I was too small for football, too slow for soccer, and too anxious for baseball. I haven't been very lucky, I rarely caught a break, and still have never been given anything for free. I was raised by pessimism, subconsciously taught to fail, and expected to achieve a standard level of mediocrity. So, what makes me different? I learned to stop listening to others and disengage from the crowd. While they slept in, I prepared for them to wake. When they clocked out, I started a new pot. While they drank with friends, I sharpened my saw. While they watched television, I watched seminars. When they complained, I felt nothing. I'm not better than you or anyone else --- I'm just addicted to defining my future." Show Notes: Jeremy Rittig LinkedIn Profile: https://www.linkedin.com/in/jeremyrettig/ Adjusting to 6 Figures site: http://adjustingto6figures.com/about-us/ 4-Hour Work Week: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357/ref=sr_1_1?ie=UTF8&qid=1501353040&sr=8-1&keywords=4+hour+work+week Gary Vaynerchuk: https://www.youtube.com/user/GaryVaynerchuk Rank The Risk Shark statistics: https://www.floridamuseum.ufl.edu/fish/isaf/what-are-odds/risks-comparison/risk-death/