Summary

In this episode of the Vertical SaaS Podcast, hosts Gavin Savage and Ben Brown welcome Eli Bozeman, Assistant Vice President of Product at SageSure. The conversation explores Eli's and Ben's career journeys, insights into the Insurance market, and the evolution from Insurtech 1.0 to 2.0. They discuss the challenges of product growth in the insurance industry, the importance of accuracy, and the innovative approaches at SageSure to enhance the insurance experience. The episode highlights the significance of collaboration between technology and product teams in driving success in the InsureTech space. In this conversation, Eli and Ben discuss the intricacies of product leadership in the insurance industry, focusing on the importance of building proprietary models, maintaining team culture, and balancing speed with innovation. They share insights on growth challenges, the significance of curiosity in high-performing teams, and the evolving landscape of insurance technology. The discussion highlights the need for collaboration between product and engineering teams and the excitement surrounding the industry's future as it embraces new technologies like AI.

Takeaways

• Eli Bozeman has a diverse background in tech and insurance.
• Ben Brown transitioned from investment banking to tech leadership.
• Insurtech 2.0 is characterized by experienced disruptors.
• Understanding industry complexities is crucial for growth.
• Direct-to-consumer models can attract the wrong risk.
• SageSure is focused on innovative insurance product development.
• Accuracy in insurance metrics is vital for success.
• Collaboration between tech and product teams enhances outcomes.
• AI is being integrated to improve insurance processes.
• The insurance industry is evolving with new technologies and approaches. The insurance industry requires a balance of proprietary models and vendor evaluations.
• Maintaining a strong team culture is critical for innovation.
• Speed and iteration are essential in product development.
• Creating a framework for learning helps in overcoming fears of failure.
• Trust between product and engineering teams fosters collaboration.
• Curiosity and a desire to solve difficult problems are key traits of high performers.
• Insurance is evolving and can leverage machine learning effectively.
• Retention of team members is as important as hiring new talent.
• Educating team members about industry nuances is crucial for success.
• The future of insurance is promising with advancements in technology.

Keywords

Vertical SaaS, Insurtech, product innovation, insurance technology, growth metrics, insurance industry, technology leadership, collaboration, insurance, product leadership, innovation, team culture, machine learning, growth, collaboration, AI, high performance, industry insights

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