RiskGenius Blog

Insights into our world of Insurance & Technology.

Chris Cheatham

Chris Cheatham
I'm like the Dr. Dre of insurance policies.
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Recent Posts

What I've Learned About Insurance and Machine Learning

I've been quiet the last month or so. There has been too much to learn.

We are learning from our customers.
We are learning from insurance policies.
And, we are learning from the machine learning algorithms.

Since so much has happened in the last six months, I thought I would highlight some of my favorite RiskGenius learnings.

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Why Insurance Needs Search Engines...And Doesn't Even Realize It

by Chris Cheatham | Sep 09, 2016 | Technology, Riskgenius

How many times have you spent a significant percentage of your day searching your company’s database for one small, yet critical piece of information? How many times have you been hours into a cumbersome search and thought, “Does it truly have to be this hard?”

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Machine Learning will Eat the Insurance World

by Chris Cheatham | Sep 02, 2016 | Analytics, Technology

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How RiskGenius Handles Document Privacy

by Chris Cheatham | Aug 26, 2016 | Technology, Riskgenius

If you have ever negotiated with me, you know that I start at a central point: what is fair? My contract law professor would laugh at me right now; she declared on the first day of class that there is no such thing as "fair." I disagree.  I believe that in life and business, we all have a sense of fairness. Whether we choose to follow that sense is the question.  

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Introducing Genius Search:  The Google Search of Insurance Policies

by Chris Cheatham | Jul 27, 2016 | Analytics, Riskgenius

What would you do if you could go to Google.com and search for insurance clauses and policies?  

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Insurance Tech Transparency is a Good Thing

by Chris Cheatham | Jun 27, 2016
My sales guy, Mike, lectured me recently:  "Why aren't you talking about Technology Enabled Policy Review in your blog posts?"
It's taken me awhile to warm up to the idea of talking about our technology for a few reasons.
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Can Insurance Innovate?

by Chris Cheatham | Jun 10, 2016 | Technology
It's a simple question -- can insurance innovate? Think about your answer; I will give you mine at the end of this post.

I've been reading about the history of insurance to understand how we got here. Here's a quick story from one insurance book.

There once was a membership association called the American Insurance Underwriters (AIU). The AIU acted as an agent for member insurance companies in international markets. Each member insurance company held a percentage of the AIU pool by which payments and liabilities were assigned.

In the 1960s, an insurance company and AIU member bid on a contract to insure a large church in Boston. But the insurance company didn't bid the insurance like everyone else. Instead, the underwriting team created a tailored contract with its own rate calculations, "rather than the standard forms and prices other (AIU) insurers had agreed to use."

The incumbent insurer was not pleased:
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Why RiskGenius Published a Guide to Insurance Technology

by Chris Cheatham | Jun 03, 2016 | Technology
My dad worked in insurance for forty years and he subscribes to the RiskGenius blog.  One day he emailed me: "Why aren't you writing about RiskGenius?" 
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Insurance Technology is Just Scratching the Surface

by Chris Cheatham | Mar 30, 2016 | Technology

If you like this article, then you will love our upcoming ebook about Insurance Technology.  Want a copy?  Just sign up for our newsletter to the right and you will get a copy!  Thanks for reading.  -Chris


It's been a good ride over the last year for the insurance technology ("insurtech") community. In 2015, insurtech raised over $2.6 billion. In the first quarter of 2016, insurtech broke a record for money raised.

And yet, I am looking at the companies that are emerging from these fundraise events, and I keep thinking, "Really, that's it?"

There have been some outliers. Lemonade and other peer to peer companies are interesting to me because they have an opportunity to create fundamentally new technology that connects people and just happens to also provide insurance through the connection. I am still awed by the magic of Uber and I hope a Peer to Peer company can replicate that experience.

But when it comes to other insurtech innovations emerging with funding rounds -- well, I am a bit underwhelmed. I call these companies the Aggregators and the Process Improvers. 

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Man + Machine > Insurance Technology

by Chris Cheatham | Feb 04, 2016 | Technology

I was recently thinking about the dilemma faced by many insurance agencies when an image popped in my head:  


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