Indenseo was featured on the front page of @CarrierMgmt yesterday.
Our article, "Why Insurance Telematics Integrations Fail," was the newsletter's lead story. We explore the barriers to commercial auto profitability.
Read it here: https://t.co/rl8OS7Vkro
#InsuranceNews
Listen to podcast Episode 1: "The Operating Layer."
Why 82% of carriers have telematics programs but only 40% use the data.
Why the gap is structural, not technical. And what that pattern means for every industry generating IoT data.
Listen free: https://t.co/2mutYG0eRy
Progressive's commercial auto combined ratio: 88.2%.
Industry average: above 107%.
They built operational excellence. The institutional capability that only comes from doing the hard work of making things actually work.
https://t.co/80O3ufUIvC
https://t.co/2mutYG0eRy
The operating layer is the space between having data and getting value from it.
Between the model that proves the data has value and the organization that cannot absorb it.
Between the demo and the workflow.
That is where 80% of data monetization projects die.
Between 2021 and 2024, active insurtech investors making multiple deals dropped 72%. From 406 to 113.
That was capital structures discovering they were incompatible with the market's actual timeline.
Insurance transformation requires 7-10 years. Standard VC needs exits in 5-7.
Episode 1 is live: "The Operating Layer"
82% of insurance carriers have a telematics program.
40% actually use the data.
Why? Not technology. Not data quality. It is the operating layer.
https://t.co/80O3ufUIvC
https://t.co/2mutYG0eRy
Listen free on leading podcast apps.
“This generation really wants to keep learning. They want their leaders and their team members to be people they can learn from. They don’t want to be the most senior person in the room or the most expert at something in the room.”
@MichelleRZell of @boschusa
“In many ways, the insurance industry has always been service-oriented, mission-oriented, serving communities, doing good, practicing honor, integrity, mission, servant leadership. This has always been baked into insurance organizations."
Margaret Resce Milkint of @DivSearch
“There’s a huge trust factor there that I think has to be addressed… to change the narrative to make it an attractive space for millennials. They’re not thinking about the behind-the-scenes technology. They’re thinking about their experience with it”
@tammarrian of @Snap
"[Margaret] Milkint reported that change is in the works. 'We’re still changing…This is a journey. There’s a lot of intersectionality going on, and there’s a lot of questioning. What’s next? How do we accelerate?'”
Margaret Resce Milkint of @DivSearch
“Panel Moderator Ned Desmond, kicked off the session by asking [Margaret] Milkint to summarize ‘the state of play for the established insurance companies’ and what he called 'insurgents' in InsurTech."
@neddesmond of @SOSV