@ConSulInsurance The acts corgi is targeting, agents can service an account perfectly and find them the lowest price, but companies on a certain trajectory (like series D to IPO) will always end up with a big broker because of the name brand and resources. It’s like the insurance food chain.
The majority of my book of business is tech startups. For every 10 I write:
5 will remain at a minimum premium
3 will go out of business
1.5 will grow pretty well and be a nice account for me
.5 will do very well and will get taken by a big broker
Alright insurance folks, I am visiting the Corgi Insurance cafe in San Francisco. Check out the thread. Have fun banter, hate speech, healthy debate, whatever it’s X
@matthewqueen84 you probably know captives better than anyone on this platform. Is it that they just don’t want a fronting carriers influence on their business? Is it no one will front this company? I just can’t think that it’s about the money, what a 5% fronting fee is what they worry about.
@matthewqueen84 I can’t get past the non-rated paper. Every contract in America will say the insurance needs to be A-rated and they do not have that. And they want to get into trucking of all things.
Alright insurance folks, I am visiting the Corgi Insurance cafe in San Francisco. Check out the thread. Have fun banter, hate speech, healthy debate, whatever it’s X