The JMP Securities InsurTech Forum
Tuesday, September 28, 2021
*Please register below for each of the sessions that are of interest to you.*
10:00 a.m. ET - 10:45 a.m. ET
Private Equity's View of Insurtech
HSCM has been active in the InsurTech sector, investing in several companies in recent months/years. We will sit down with HSCM and two of its portfolio companies to get their views on the landscape overall, private equity investment in the space, and what attracted them to these investments in particular.
Participating Companies: HSCM, Branch, reThought Insurance
HSCM (Private): Andrew Sagon, Managing Director
Hudson Structured Capital Management is an asset manager focused on alternative investments targeting mezzanine level returns, with a focus on the reinsurance and transportation sectors. HSCM has several investments in the InsurTech landscape, including Bold Penguin, Branch, Buckle, Kin, Ladder, Noblr, and States Title.
Branch (Private): Steve Lekas, Co-Founder & CEO
Branch operates an insurance platform intended to offer home, car, renter, and umbrella insurance services. The company uses innovative technology to make it easier to save money by bundling home and auto insurance in seconds, thereby providing clients with accessible and affordable insurance services.
reThought Insurance Corporation (Private): Cory Isaacson, CEO
reThought Insurance operates a managing general agency intended to offer commercial flood insurance on behalf of carriers. The company's services mainly focus on forming strategic relationships with the insurers, reinsurers, and other capacity providers in order to offer insurance through its underwriting methodology and risk assessment technology, enabling enterprises to get access to critical insurance services in a cost-effective way.
11:00 a.m. ET - 11:45 a.m. ET
How is InsurTech Changing Insurance Distribution?
Despite many of the public companies thus far being carriers that retain risk, a large portion of the InsurTech market is focused on distribution. We will sit down with a few market leaders to better understand how they are changing the distribution game and how InsurTech will shape the world of insurance distribution over the long term.
Participating Companies: The Zebra, Jerry
The Zebra (Private): Keith Melnick, CEO
The Zebra simplifies car and home insurance by allowing consumers to anonymously compare dozens of insurance companies in real time. Customers begin seeing estimated quotes with as few as two pieces of information. Real-time updates provide a transparent shopping experience by giving consumers the ability to instantly see what affects their rates. The Zebra is an unbiased insurance agent with licenses in every state in the U.S. We expect to see more product offerings from The Zebra in the future, likely to include renters, RV, boat, and others.
Jerry (Private): John Spottiswood, COO
Jerry operates an AI, ML, and bot-powered car ownership super application intended to save customers' time and money on car expenses. The company facilitates shopping and comparing quotes from all major insurance companies, reminding of renewals, completing required paperwork to switch policies, and negotiating rates, enabling users to make the entire car insurance buying experience convenient.
12:00 p.m. ET - 12:30 p.m. ET
Fireside Chat with Commercial Lines Unicorn Next Insurance
Next Insurance (Private): Guy Goldstein, CEO and Michelle Cheung, CFO
Next Insurance is an online insurance company for entrepreneur-led small businesses. Next Insurance designs insurance plans for business sectors that are often overlooked by more traditional insurers and distributes its products 100% online. The small business sectors where Next Insurance offers general and professional liability insurance currently include construction, consulting, contractors, daycare, fitness, cleaning, beauty, therapy, entertainment, and education. The products offered by Next Insurance include business insurance, general liability, professional liability, errors & omissions, commercial auto, and workers’ compensation.
12:45 p.m. ET - 1:15 p.m. ET
Fireside Chat with Hippo (HIPO): A Home-Focused InsurTech Striking the Right Balance of Insurance and Tech
Hippo (HIPO): Assaf Wand, Co-Founder & CEO , Stewart Ellis, CFO
Hippo Holdings Inc is a home insurance group that created a new standard of care and protection for homeowners. It provides insurance for computers, home offices, electronics, appliances, water backup, service line coverage among others.
1:30 p.m. ET - 2:15 p.m. ET
Cyber Insurance - A Market in Dire Need of Creative Solutions
Recent years have shown that cyber insurance solutions from traditional carriers are lacking as they struggle to understand insureds’ needs and seek to avoid aggregation. On this panel we will host several InsurTech companies focused on the cyber insurance market with a focus on how they are bringing better products to the market that better fit customers’ needs.
Participating Companies: At-Bay, Corvus, Cowbell Cyber
At-Bay (Private): Rotem Iram, Founder & CEO
At-Bay operates a digital insurance platform intended to provide cyber insurance for the digital age. The company's platform offers proactive risk management service to go along with insurance coverage and analyze, model and predict cyber risk to create the coverage for clients and partner with brokers to deliver a comprehensive risk management program, enabling clients to manage and control cyber risk.
Corvus (Private): Lori Bailey, Chief Insurance Officer
Corvus Insurance provides AI-driven commercial insurance that empowers brokers and policyholders to predict and prevent risk.
Cowbell Cyber (Private): Jack Kudale, Founder & CEO
Cowbell Cyber provides AI-powered continuous risk assessment and cyber insurance.
2:30 p.m. ET - 3:15 p.m. ET
Telematics & Pay-Per Mile: How InsurTech is Changing the $250B Auto Insurance Market
The auto insurance market is a rapidly-changing landscape. On this panel we will host two companies that are leading this charge, but in very different ways – one focused on charging drivers based on how they actually drive (telematics) and not surrogates for risk (like credit score, gender, age, etc.) and the other focused on saving drivers money by more closely linking the premiums they pay to the largest driver of exposure (mileage).
Participating Companies: MetroMile, Root
MetroMile, Inc. (MILE): Dan Preston, CEO
Metromile, Inc. is a technology startup that offers pay-per-mile car insurance, licenses a digital insurance platform to insurance companies around the world, and provides a digitally native offering featuring smart driving features, automated claims, and vehicle information.
Root, Inc. (ROOT): Alex Timm, Co-Founder & CEO
ROOT is a direct-to-consumer personal auto insurance, renters’ insurance and mobile technology company. The Company, by collecting and synthesizing sensory behavioral data across various driving variables, including distracted driving, prices policies based more on causality than correlation. Through its mobile platform, customers can manage policy adjustments digitally, including through intelligent chat functions.
3:30 p.m. ET - 4:00 p.m. ET
Fireside Chat with Insurtech Pioneer Lemonade
Lemonade (LMND): Tim Bixby, CFO
Lemonade offers renters, homeowners, and pet health insurance in the United States, and contents and liability insurance in Germany and the Netherlands, through its full-stack insurance carriers. Powered by artificial intelligence and behavioral economics, Lemonade set out to replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback.