This is absolutely true. The opportunity to disrupt insurance is massive, and at this point, almost a certainty.
Through Leaky, one of the things that we've always liked is that there's room for disruption in all parts of the spectrum. Customer acquisition, retention, quoting, pricing, binding, billing, etc ad nauseum. You can even decide if you want it to be B2C or B2B.
For us, we've focused on 1) simplifying the comparing and ultimately the purchasing of personal lines insurance (auto, home, life) and 2) creating a real-time (truly real-time; not the "we'll call you back in 5 minutes" model) commercial insurance comparison and purchasing platform.
There are a lot of headaches to disrupting insurance as an industry, namely there are a lot of regulations and a lot of litigious parties. However, our view is that mounting public frustration (for all forms of insurance) and the current lack of software-based solutions make insurance a ripe industry for disruption.
Through Leaky, one of the things that we've always liked is that there's room for disruption in all parts of the spectrum. Customer acquisition, retention, quoting, pricing, binding, billing, etc ad nauseum. You can even decide if you want it to be B2C or B2B.
For us, we've focused on 1) simplifying the comparing and ultimately the purchasing of personal lines insurance (auto, home, life) and 2) creating a real-time (truly real-time; not the "we'll call you back in 5 minutes" model) commercial insurance comparison and purchasing platform.
There are a lot of headaches to disrupting insurance as an industry, namely there are a lot of regulations and a lot of litigious parties. However, our view is that mounting public frustration (for all forms of insurance) and the current lack of software-based solutions make insurance a ripe industry for disruption.