On this installment we’re joined by Itai Ben-Zaken, founder and CEO of Honeycomb, an MGA with AI-driven technology to analyze aerial photographs of commercial building roofs to assess their condition. Honeycomb launched with admitted markets but recently expanded to E&S, opening up more opportunities for retail agents to place tough risks. For example, many carriers are active in multifamily property but carve out anything older than 25 years. With 80% of these structures built before 2000, that means 80% of the market is underserved, Itai says. Honeycomb’s “roof model” is hyper-specific, giving underwriters more confidence to take on risks even in troubled areas. Itai also comments on the broader state of insuretech. He sees an opportunity for innovators particularly in the environmental space. “If weather patterns are changing, the traditional insurance models are not accustomed to working with that.”

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