RiskGenius Blog

Insights into our world of Insurance & Technology.

Fixing Commercial Property Insurance (Part 2)


Hopefully, from the last post, it is apparent that there is a disconnect that exists in the commercial property underwriting world. There was certainly a lot of feedback from the first post over on Linkedin. For example, I loved this in depth response: 

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Fixing Commercial Property Insurance (Part 1)

This blog post has been five years in the making. Five years ago, we started exploring how our company could help with policy wordings. Immediately, we started hearing from commercial property underwriters. Can you help us review broker-manuscripted policies, these underwriters asked.

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Besurance vs. Lemonade: The P2P Insurance Battle

Last week I highlighted Lemonade as a company to keep an eye on in the Peer to Peer insurance space.  Lemonade claims to be the first peer sharing insurance carrier in the United States.  However, Besurance, based out of Calgary, Canada, is a P2P risk sharing company claiming to be the first of its kind in North America. According to their website Besurance Corporation is made up of three different divisions: Besure, Besure Agency and Besure.x.  What are these different divisions and how does it differ from Lemonade? 

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The Insurance Push Model is Dying

Chris's Note:  I asked Clara Stahl, RiskGenius Marketing Analyst, to write about how she views insurance.  While there are many articles claiming to understand millennials and insurance, I thought it would be helpful to hear directly from a millennial.  Her message is simple:  the traditional manner of selling insurance won't work anymore.  Make sure you read to the end, where Clara provides tips for all insurance agents selling to millennials.  

 

As a person in my twenties, I do not have many insurance needs. I have my health insurance plan, my renters insurance, and soon I will be needing an auto-insurance policy. Despite my current needs, I cannot tell you the countless times I have gotten unsolicited phone calls and emails from agents and insurance companies (my current providers and others) about things that I am not yet ready to buy.

 

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Welcome to the Peer to Peer Risk Sharing Revolution?

 

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Is Insurance Technology Insanely Great?

Ever since I read the Steve Jobs biography, I have been obsessed with Apple's approach to technology.  The company's approach to technology can be summarized with one mantra:  

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