Today’s guest is a true pioneer in insurance and also in insurtech.
In fact Richard Leftley, Executive Vice President of MIC Global has had about fifteen years head start on many of the other others in that game.
As a trailblazer in microinsurance in the developing world, where premiums per customer can often be measured in $single digits, Richard learned right away that without a digital-first approach you are going to get swamped by the expense ratio and you won’t have a viable product.
As technology and robust data sources have advanced so the microinsurance opportunity is finally coming into its own.
But what’s particularly exciting is that it turns out the hard operational lessons learned from that tech first, very high volume, low individual premium microinsurance experience are transferable to the high-growth emerging embedded insurance applications in the gig economies of today’s most developed countries.
And now that MIC Global has been given in-principle approval for a syndicate in a box at Lloyd’s it seems poised to benefit from strong growth in both of these incredibly different worlds.
Richard is passionate and eloquent and really knows his business inside and out. There is a lot you can learn from him and I can highly recommend a listen today.
LINKS:
We thank our naming sponsor AdvantageGo:
https://www.advantagego.com/
We also thank Claims Direct Access (CDA) for their support today:
https://www.claimsdirectaccess.com/
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Ep 81 Ash Bathia CEO Probitas 1492: Driving your own destiny
Ep 80 Matthew Shaw CUO of TMK: The most submissions for a decade
Ep 79 Neil Eckert and Trevor Carvey of Conduit Re: Big enough to be impactful but small enough to be nimble
Ep 78 Steve McGill: Building Excitement and Scale
Ep 77 Stephen Catlin & Paul Brand Convex: Being ready ahead of the market
EP 76 Keith Wolfe President Swiss Re P&C US: A complete view of the world's biggest market
Ep 75 Greg Collins CEO of Miller: A speedboat among supertankers
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Ep 74 Matthew Wilson Group CEO Brit: Pretending Brit didn't exist
Ep 73 Mitch Blaser CEO Mosaic: If you're a hammer everything looks like a nail
Ep 72 Colin Thompson Group CEO Nexus: Eat your own cooking
Ep 71 Ross Howard Global Executive Chairman of Lockton Re: Why knowledge is key and king
Special Episode: Bonkers or Brilliant? A fresh perspective on innovation from Insurtech Gateway’s Robert Lumley and Stephen Brittain
Ep 70 Greg Hendrick CEO Vantage Group: Being what the market will let us be
Special Episode: Introducing Supercede with founders Jerad Leigh and Ben Rose
Ep 69 Pina Albo CEO Hamilton Group: The wait is over
Ep 68 Steve Hearn CEO Corant Global: One broker, many brands
Ep 67 Charles Mathias Group CRO Fidelis: A market not lacking capital, but profit
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