In this podcast episode, Reid talks with a returning guest – Luke Magnan, co-founder and CIO of Combined Ratio Solutions.
Luke believes that core insurance software should be accessible and affordable, much like the dependable Honda Civic. Tune in to hear Luke’s vision: to empower insurance companies by simplifying their operations without breaking the bank (and more).
Episode Highlights
- Catching up on Combined Ratio’s mission (00:50)
- Carriers running IT as an engineering shop (11:42)
- How to become the industry standard (12:39)
- Aspiring to be the Honda Civic of Policy Systems (19:34)
- The relationship between the insurance industry and tech experts (26:12)
- The next big move in the industry (28:56)
- The role of Salesforce in insurance (34:00)
- Practical solutions over cool tools (39:36)
- A concept for large companies to consider (43:49)
- How keeping exits out of the conversation opens up opportunities (47:25)
- Disadvantages of private equity and venture capital (53:51)
- Thoughts on AI (58:41)
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