Profiles in Risk

Show Notes: https://www.forbes.com/sites/omribarzilay/2017/04/26/hippo-insurance-launches-on-a-mission-to-redesign-the-home-insurance-market/#28793447322d http://www.builtinchicago.org/2017/04/24/kin-digital-homeowners-insurance Innovator's Dilemma: https://www.amazon.com/gp/product/0062060244/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0062060244&linkCode=as2&tag=insn-20&linkId=f0dea54f977e16cd7372c87924f7ec1e The Model: https://insnerds.com/insuretech-models/ Lemonade's InsNerds articles: https://insnerds.com/the-sheer-genius-of-lemonade/ and https://insnerds.com/lemonade-hype/ Hippo InsNerds articles: https://insnerds.com/digital-insurers/ Nick's IoT article: https://insnerds.com/iot-partnership/

With guest Justin Fowler: https://www.linkedin.com/in/justinfowler/ Show Notes: Reformed Chicken Farmer image: http://www.eastoregonian.com/storyimage/EO/20160219/ARTICLE/160219692/EP/1/1/EP-160219692.jpg&MaxW=600 Ninja Rater: https://www.ninjarater.com/ Homer Simpson bird that automates his job image: https://www.diabloii.net/gallery/data/500/simpsons-drinking_bird.jpg Dinosaur in a meteor shower image: https://insnerds.com/wp-content/uploads/2017/05/animals-dinosaur-extinct-extinctions-positive_outlook-positive_attitude-bfrn350_low.jpg

Link to Octo Telematics: https://www.octotelematics.com/ Nick's IOT article: https://insnerds.com/iot-partnership/ Don't just network, build relationships: Never eat alone book Find your passion article: https://insnerds.com/so-good-cant-ignore-you/

Show Notes: https://insnerds.com/wp-content/uploads/2017/04/113u61.jpg Nick's flood paper: http://www.naic.org/documents/cipr_study_1704_flood_risk.pdf

Show Notes: Our book: http://amzn.to/2oqVXwU Average age of an insurance pro in the US is about 60 years old The number of insurance pros over 55 has increased by 74% between 2002-2012 compared to 45% in overall workforce (McKinsey & Company Building a Talent Magnet) There's 80 million Boomers, 60 million Xers and 80 million Millennials. That 25% difference with so few Xers is a huge deal By 2014 Millennials were already largest generation in the US (Council of Economic Advisers) By 2025, 3 out of 4 workers will be Millennials (https://www.bdcnetwork.com/workplace-design-trends-make-way-millennials) Only 4% of Millennials are interested in working in Insurance (The Hartford - A Generation of Leaders) RMI programs only exist at 70 schools (out of 3,000+) and only feed 10-15% of our new talent needs each year (McKinsey Building a Talent Magnet) 30% more Boomers in insurance than in the overall economy (McKinsey Building a Talent Magnet) 88% of CPCU Members are over 40 years old Only 41% of Millennials expect to be at their current job in 2 years (Gallup There's no job millennials won't leave) Since 2015 Millennials are already largest generation in the workforce Insurance companies expect 25% retirements in the next 4 years (2017 Insurance Industry Employment and Hiring Outlook Survey) some expect it in the next 2 years (2016 Insurance Industry Trends) Only about 25% of insurance workforce is under 35 years old (Solving the Insurance Industry Talent Crisis by Investing in RMI Graduates - IRMI) Only 2% of recent grads express an interest in insurance (Accenture - The Insurance Workforce of the Future) 66% of Millennials plan to be at a different company in 3 years (2016 Deloitte Millennial Survey) Good people, awful structure = crappy managers

Show Notes: Wesley Todd: https://www.linkedin.com/in/wesley-todd-a9225929/ Casglide: http://www.Caseglide.com http://www.insurancejournal.tv/videos/12272/ https://www.caseglide.com/blog/ https://www.linkedin.com/pulse/improve-collaboration-between-claims-underwriting-your-grant-woolven http://stoptexaslawsuitabuse.com/ https://en.m.wikipedia.org/wiki/Wally_Pipp https://en.m.wikipedia.org/wiki/Billy_Beane

Your favorite nerds have fun discussing the most unlikely of topics: regulation! Show Notes: At around minute 16 Carly forgets the term for "Adverse Selection" which Tony will never let her live down! :-D Personal Auto Rate: http://www.insurancejournal.com/news/national/2017/03/30/446206.htm Policyholders in Limbo: https://www.nytimes.com/2017/04/01/business/policyholders-in-limbo-after-rare-failure-of-insurer.html Article about how Personal Lines is advertised: Sleeping with the Enemy: https://insnerds.com/sleeping-enemy-might-way-save-personal-lines/ What if life expectancy hits an exponential curve? https://www.ted.com/talks/aubrey_de_grey_says_we_can_avoid_aging Leave us a review on iTunes: https://itunes.apple.com/us/podcast/profiles-in-risk/id1209984530?mt=2 then click on "View in iTunes" then click on "Leave a Review". Thanks! Request a career chat with Tony: http://ChatWithTony.com

Your favorite insurance nerds Nick, Carly and Tony discuss whether insurance is gambling. Show Notes: Gambling Article: http://www.bbc.com/news/business-38905963 Lemonade 80% article: https://www.lemonade.com/blog/saving-80-90-seconds/ Nassim Taleb books: The Black Swan: https://www.amazon.com/gp/product/081297381X/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=insn-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=081297381X&linkId=98e64d55935a1b624ffa5daafc15a0ca Fooled by Randomness: https://www.amazon.com/gp/product/0812975219/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=insn-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=0812975219&linkId=bca5847b46659a4389c6cd229bc560dd Antifragile: https://www.amazon.com/gp/product/0812979680/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=insn-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=0812979680&linkId=e5f7b5e2632e98155d888211522aa6f9 Hurricane Andrew - Nature's Casino Michael Lewis: http://www.nytimes.com/2007/08/26/magazine/26neworleans-t.html IoT Article: https://insnerds.com/iot-partnership/ FM Global - Basically an engineering firm that sells insurance: http://www.fmglobal.com/ Tim Harford Amazon Author Page: https://www.amazon.com/Tim-Harford/e/B003CHGYPI

Nick, Carly and Tony discuss innovation in the Insurance and InsurTech industries and whether a carrier can innovate like a startup. Show Notes: The Medici Effect by Frans Johansson. Kill the Company by Lisa Rodell. Insurify article: https://www.dig-in.com/news/insurtechs-sell-coverage-with-facebook-messenger-chatbots Peter Hancock AIG article: http://www.insurancejournal.com/news/national/2017/03/15/444464.htm ITA Announcement about Erie Bridge Award: http://www.marketwired.com/press-release/erie-insurance-digital-partners-slice-labs-partnership-awarded-2017-ita-bridge-awards-2202447.htm

Show Notes: Lemonade article: https://www.lemonade.com/blog/saving-80-90-seconds/ Author who writes for Vox: Sarah Kliff http://www.sarahkliff.com/