Sign up to save your podcasts
Or
Share From Niche to Mainstream: Parametric Insurance at Scale : An Interview with Samuel Broomer, President, Embedded Parametric Solutions at NormanMax Insurance Solutions
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
From Niche to Mainstream: Parametric Insurance at Scale : An Interview with Samuel Broomer, President, Embedded Parametric Solutions at NormanMax Insurance Solutions
On this week’s episode of The Leadership In Insurance Podcast, I sat down with Samuel Broomer, President of NormanMax Insurance Solutions, to explore how parametric insurance is reshaping the industry and what it means for carriers, agents, and customers alike.
From its early applications in Sub-Saharan Africa to its role today in addressing protection gaps across the U.S., this episode dives deep into how parametric solutions are transforming the insurance landscape.
💡 In this episode, we cover...
✨ The evolution of business meetings & podcasting – how virtual formats and informal storytelling can help build stronger industry connections.
🏢 The NormanMax journey – how an MGA backed by Lloyd’s Syndicate 3939 is delivering innovative parametric products for flood, earthquake, and hurricane risk.
⚖️ Challenges in the middle market – why homeowners and SMBs remain underserved, and how rising deductibles and complexity create barriers to adoption.
🔗 Embedding parametric into traditional cover – the opportunity to integrate parametric triggers with indemnity policies to enhance protection and scale adoption.
💻 Tech vs. fundamentals – why technology should serve the customer experience and efficiency, without overshadowing core insurance principles.
⚡ Transforming the claims experience – how parametric features can deliver clarity, speed, and transparency when customers need it most.
🌍 Strategic advantage of Lloyd’s – how global reach, capital strength, and brand credibility enable innovation and market entry.
📚 Consumer education – the need to simplify messaging and distribution to drive broader adoption of parametric solutions.
This episode is packed with insights for anyone passionate about innovation, customer experience, and the future of insurance. Give it a listen via the links in the comments below 👇👇 👇 👇
Hosted on Acast. See acast.com/privacy for more information.
View all episodes
By Alex Bond
5
66 ratings
On this week’s episode of The Leadership In Insurance Podcast, I sat down with Samuel Broomer, President of NormanMax Insurance Solutions, to explore how parametric insurance is reshaping the industry and what it means for carriers, agents, and customers alike.
From its early applications in Sub-Saharan Africa to its role today in addressing protection gaps across the U.S., this episode dives deep into how parametric solutions are transforming the insurance landscape.
💡 In this episode, we cover...
✨ The evolution of business meetings & podcasting – how virtual formats and informal storytelling can help build stronger industry connections.
🏢 The NormanMax journey – how an MGA backed by Lloyd’s Syndicate 3939 is delivering innovative parametric products for flood, earthquake, and hurricane risk.
⚖️ Challenges in the middle market – why homeowners and SMBs remain underserved, and how rising deductibles and complexity create barriers to adoption.
🔗 Embedding parametric into traditional cover – the opportunity to integrate parametric triggers with indemnity policies to enhance protection and scale adoption.
💻 Tech vs. fundamentals – why technology should serve the customer experience and efficiency, without overshadowing core insurance principles.
⚡ Transforming the claims experience – how parametric features can deliver clarity, speed, and transparency when customers need it most.
🌍 Strategic advantage of Lloyd’s – how global reach, capital strength, and brand credibility enable innovation and market entry.
📚 Consumer education – the need to simplify messaging and distribution to drive broader adoption of parametric solutions.
This episode is packed with insights for anyone passionate about innovation, customer experience, and the future of insurance. Give it a listen via the links in the comments below 👇👇 👇 👇
Hosted on Acast. See acast.com/privacy for more information.
More shows like The Leadership in Insurance Podcast - Insurtech & Innovation
View all
We Study Billionaires - The Investor’s Podcast Network
3,393 Listeners
Pivot
9,484 Listeners
The Foreign Desk
118 Listeners
Flats and Shanks
94 Listeners
InsTech - insurance & innovation with Matthew Grant & Robin Merttens
9 Listeners
Morbid
99,082 Listeners
The Intelligence from The Economist
2,539 Listeners
The Voice of Insurance
26 Listeners
Insurance Covered
3 Listeners
All-In with Chamath, Jason, Sacks & Friedberg
9,822 Listeners
The Ezra Klein Show
16,030 Listeners
What Now? with Trevor Noah
4,210 Listeners
The Louis Theroux Podcast
603 Listeners
The Reinsurance Podcast
14 Listeners
Raging Moderates with Scott Galloway and Jessica Tarlov
1,265 Listeners