3 questions on the insurance industry and insurtech jobs

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1. You’ve experienced a lot of professional successes in a few insurtech jobs, with a concentration on enhancing efficiency through technology upgrades and system consolidation. How has leveraging technology solutions helped you achieve your career goals?  

With the expense-driven cultures that run rampant in today’s insurance companies, it is becoming more and more important to find ways to do things at a lower cost and more efficiently.  Companies must continually identify ways to use the technology wisely and enable them to more efficiently deploy the headcount. As technology evolves rapidly, it is important to maintain that competitive edge both as a company and as an individual employee by deploying a solid mix of technology and human capital.

2. You have decades of experience in a few key insurtech jobs within the insurance industry. What are the biggest changes you have witnessed since the dawn of insurtech and why? 

The biggest thing I have seen is that technology is rapidly changing, while the main carriers in the insurance industry are still using dated systems. This creates a bit of a roadblock for implementing new technologies. It is to the advantage of people working in insurtech jobs to be able to deploy new technology in a way that does not require major changes to the insurance companies' tech stack.

3. What advice would you give to someone looking for an insurtech job or to start their career in accounting and financial management in the industry?

I think knowledge is key. It is imperative to learn as much about the underlying insurance products as possible all the while learning how to perform accounting for those products. Insurance accounting can be complex, and it is key to have a solid understanding of what you are trying to account for.  

Bonus question: Let’s switch gears away from insurtech jobs for a moment because we want to get to know you on a personal level too. You have been married for over 30 years. What have you learned about relationships that make them work?  

One word is key to relationships, whether that be personal or business-based -- and that’s communication. Failure to communicate will always result in missing expectations, which will lead to conflict.

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