The value of naivety and micro entrepreneurs in creating new products: An interview with Justine Levine, CEO, Shepherd
Description
Ever wondered how "Naivete" could be an advantage in insurance innovation?
In this week’s The Leadership in Insurance Podcast🎧 with Justin Levine, CEO at Shepherd, I explore his unique background and how this has enabled him to challenge traditional views of insurance including focusing on hiring ‘micro-entrepreneurs’.
We look at the advantages of Justin's background in 🏢construction and his journey into the tech-enabled insurance space via risk management and construction finance.
💡 He emphasises the advantages of being "naïve" and questioning the status quo, in an industry that can often be resistant to change, whilst still valuing experience and expertise.
🤔Insurtech is more than a buzzword…. Justine provides us with great explanation of Insurtech (listen below for more details👇 ) including technology that:
➡ Supports improved underwriting including integrating novel sector-specific data sources
➡ Improves data extraction and analysis
➡ Enhances risk management services
We also explored the importance of evolving your business model whilst finding a balance between improving direct client services and enhancing cores platform for internal efficiency
💬Justin also explains how Shepherd focuses on seeking out 'micro entrepreneurs' passionate about innovation and transforming the traditional insurance model and those excited about their multi-product approach and expansion plans.
💡 including a discuss of Shepherd’s upcoming plans to complement their core casualty offering with a builders risk insurance product and their wider plans too expand into industries adjacent to construction.
Hosted on Acast. See acast.com/privacy for more information.
🎙️ New Episode Out Now! 🎙️
This week on The Leadership in Insurance Podcast, Alex Bond is joined by Juan Garcia, Co-Founder of Tuio, to discuss how this cutting-edge insurtech is simplifying insurance for a new generation of customers. If you’re curious about how technology is revolutionizing the...
Published 11/18/24
What if the biggest hurdle to starting a family – the financial cost – could be eased by a breakthrough insurance model? In this eye-opening episode, The Leadership in Insurance Podcast welcomes Ines Cheaib, the COO at Gaia, a company reshaping fertility care with a purpose-driven, outcome-based...
Published 11/11/24