What Insurers Can Do to Prevent Being on the Wrong End of the Creative-Destructive Process (w/Jay DeVivo, CoFunder)

Jay DeVivo, Founder at CoFunder talks to us today passionately about innovation process at insurance carriers and the process of identifying new market needs and a path to market acceptance.  

Jay calls innovation "creative destruction". He says many insurers have not yet gone "all in" on the necessary process and commit true innovation to take place, including bringing in new people with new skillsets. Instead, we see insurers taking a good game but doing things that are comfortable. They can dismiss ideas because people don't come from their own niche (eg. P&C vs. Healthcare), or hide behind behind data protection. Jay calls on C-Suite members in insurers to have courage, and give their people the resources and support to not find themselves on the destruction-end of the creative-destructive cycle. 

He also calls on founders to have a clear vision and not be "all over the place" when working with carriers.

Follow Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.