Get Your Insurance Fix on “The Insurance Couch” Podcast! ⁠⁠Join ⁠Oliver Lang⁠⁠⁠, former CEO of InsurTech Unicorn Wefox/One Insurance, supervisory board member and advisor and ⁠⁠⁠Nikolaus Sühr,⁠⁠⁠ Co-Founder and CEO of InsurTech enabler ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠KASKO⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ as they bring you unique insights from their experiences in the insurance world.

In this episode they talk about the real power of the in-force book, why customer inertia outweighs customer loyalty, and how insurers can unlock profit through smarter pricing, segmentation, and portfolio management.

Here are the key takeaways:

• Your in-force book is a strong asset, but it’s driven by customers’ inertia, not love

• Not enough is invested in managing the profitability of your in-force book

• New data shows that even beyond-your-dreams price increases don’t change churn ratios by much

• The top reasons for customers to churn are exposure change, adviser influence, and affordability

• Customer centricity and customer satisfaction don’t affect any of these reasons. Don’t over-invest

• Start managing your in-force book profitability with small steps – but start now

Listen to “The Insurance Couch” to stay tuned for the newest chatter about the industry!

#InsuranceStrategy #InForceManagement #CustomerRetention #InsuranceProfitability

Get Your Insurance Fix on “The Insurance Couch” Podcast! ⁠⁠Join Oliver Lang⁠⁠, former CEO of InsurTech Unicorn Wefox/One Insurance, supervisory board member and advisor and ⁠⁠Nikolaus Sühr,⁠⁠ Co-Founder and CEO of InsurTech enabler ⁠⁠⁠⁠⁠⁠⁠⁠⁠KASKO⁠⁠⁠⁠⁠⁠⁠⁠⁠ as they bring you unique insights from their experiences in the insurance world.

In this episode they talk about how insurers can evaluate and manage MGA partnerships: from assessing the team and revenue case to establishing the right controls, oversight and strategic setup for a successful collaboration.

This episode concludes our three-part series on the topic of working with MGAs.

Here are the key takeaways:

• Make collaboration with MGAs a strategic priority if you want to enter the field

• Check the track record and credibility of the MGA team

• Check the robustness of the revenue case

• Verify your ability to monitor and adjust portfolio profitability over time

• Execute appropriate controls according to your risk heat map and the due diligence results

Listen to “The Insurance Couch” to stay tuned for the newest chatter about the industry!

#MGAInsights #InsuranceLeadership #InsuranceDistribution #InsurerStrategy #MGA

Get Your Insurance Fix on “The Insurance Couch” Podcast!
⁠Join Oliver Lang⁠, former CEO of InsurTech Unicorn Wefox/One Insurance, supervisory board member and advisor and ⁠Nikolaus Sühr,⁠ Co-Founder and CEO of InsurTech enabler ⁠⁠⁠⁠⁠⁠⁠⁠KASKO⁠⁠⁠⁠⁠⁠⁠⁠ as they bring you unique insights from their experiences in the insurance world.

In this episode they talk about the rise of MGAs across Europe and beyond, why insurers should (or shouldn’t) consider partnering with them, and how different segments of the MGA market create both opportunities and risks for carriers.

This episode is the second of our three-part series around the topic of working with MGAs.

Here are the key takeaways:

• Working with MGAs comes with some risks for insurers
• While it’s easier to exit a portfolio when working with MGAs in normal circumstances, worst case is that the MGA ends its operations when the insurer can’t take over due to lack of presence and knowledge. This typically ends in chaos.
• There’s a fine balance between minimizing the risks of working with MGAs and replicating every MGA step in-house.
• When starting working with MGAs you should avoid entering lines or regions you don’t know at all.
• It’s wise to avoid working with unskilled MGA-teams while having limited skills in that line of business yourself.

Listen to “The Insurance Couch” to stay tuned for the newest chatter about the industry!

#insurance #insuranceindustry #versicherungsbranche #versicherung #versicherer #insurancesales #mga #distributionstrategy

Get Your Insurance Fix on “The Insurance Couch” Podcast!
⁠Join Oliver Lang⁠, former CEO of InsurTech Unicorn Wefox/One Insurance, supervisory board member and advisor and ⁠Nikolaus Sühr,⁠ Co-Founder and CEO of InsurTech enabler ⁠⁠⁠⁠⁠⁠⁠⁠KASKO⁠⁠⁠⁠⁠⁠⁠⁠ as they bring you unique insights from their experiences in the insurance world.|

In this episode they talk about the rise of MGAs across Europe and beyond, why insurers should (or shouldn’t) consider partnering with them, and how different segments of the MGA market create opportunities and risks for carriers.

This episode marks the beginning of our three-part series around the topic of working with MGAs.
Here are the key takeaways:

• MGAs grow faster than the general insurance market in some regions.
• Working with MGAs is a great way for insurers to expand their business with limited investment.
• It’s a way to fail fast and cheap for insurers.
• Insurers must therefore think about working with MGAs to fuel profitable growth.
• It’s important to understand the different segments to the MGA market.

Listen to “The Insurance Couch” to stay tuned for the newest chatter about the industry!

#insurance #insuranceindustry #versicherungsbranche #versicherung #versicherer #insurancedistribution #marketgrowth  #managinggeneralagents #distributionpartnership #MGAs #distributionstrategy

Get Your Insurance Fix on “The Insurance Couch” Podcast!
⁠Join Oliver Lang⁠, former CEO of InsurTech Unicorn Wefox/One Insurance, supervisory board member and advisor and ⁠Nikolaus Sühr,⁠ Co-Founder and CEO of InsurTech enabler ⁠⁠⁠⁠⁠⁠⁠⁠KASKO⁠⁠⁠⁠⁠⁠⁠⁠ as they bring you unique insights from their experiences in the insurance world.

In this episode they talk about whether insurers should consider giving back their licence and transitioning to an MGA model — and why, for most small and mid-sized players, it could be the smarter long-term strategy.

Here are the key takeaways:

• 80-90% of all national/regional insurers with less than 500 Mio. EUR GWP should turn into MGAs
• On average, market capitalization of your business as an MGA is 2.5 x your current valuation as an insurer
• At the same time, you will generate a similar profit as an MGA than as a carrier today

• You will notice minimal changes in your day-to-day work
• Most importantly, you will keep most of your functions, employeesand your brand
• Yet, you can focus on your core strengths and grow your business much cheaper

Listen to “The Insurance Couch” to stay tuned for the newest chatter about the industry!
#insurance #insuranceindustry #versicherungsbranche #versicherung #versicherer #nsurancelicence #managinggeneralagent #insurancestrategy #insurancetransformation

Get Your Insurance Fix on “The Insurance Couch” Podcast!
⁠Join Oliver Lang⁠, former CEO of InsurTech Unicorn Wefox/One Insurance, supervisory board member and advisor and ⁠Nikolaus Sühr,⁠ Co-Founder and CEO of InsurTech enabler ⁠⁠⁠⁠⁠⁠⁠⁠KASKO⁠⁠⁠⁠⁠⁠⁠⁠ as they bring you unique insights from their experiences in the insurance world.

This episode they talk about the fundamental differences between launching an MGA and founding a full insurance carrier, exploring capital requirements, risk management responsibilities, survivorship rates, and how each model impacts growth, profitability, and long-term strategy for insurance founders.

Here are the key takeaways:

• Carrier vs. MGA are two basic options to found an insurance business
• A carrier requires much more capital and has higher cost but also much higher revenues
• You need broader know-how in a carrier as it covers the entire insurance value chain
• Only a carrier can keep the entire profit of the insurance business
• If you know your insurance business is technically highly profitable, and you have plenty of funding, you might want to think about founding a carrier – in all other scenarios, start with an MGA

Listen to “The Insurance Couch” to stay tuned for the newest chatter about the industry!
#insurance #insuranceindustry #versicherungsbranche #versicherung #versicherer #insurancedistribution #managinggeneralagent #MGA #insurancelicense #insurancecarrier

Get Your Insurance Fix on “The Insurance Couch” Podcast!
⁠Join Oliver Lang⁠, former CEO of InsurTech Unicorn Wefox/One Insurance, supervisory board member and advisor and ⁠Nikolaus Sühr,⁠ Co-Founder and CEO of InsurTech enabler ⁠⁠⁠⁠⁠⁠⁠⁠KASKO⁠⁠⁠⁠⁠⁠⁠⁠ as they bring you unique insights from their experiences in the insurance world.

In this episode they talk about how lead generation in insurance is being reshaped by AI-driven search, the coming rise of personal agentic assistants, and the role of speech bots in scaling outreach while reducing costs. This is part 3/3 of their series on Lead Generation.

Here are the key takeaways of the episode:

• More and more people replace Google searches with LLM searches.
• Being found by Large Language Models is very different from being found in manual searches.
• LLMs find you when you’re technically accessible, well-structured, using clear and consistent wording.
• When personal assistant agentic AI will become mainstream, your products and services must not only be machine-accessible but machine-interoperable.

Speechbots can replace human agents in outbound calls (or voice messages). This can lift lead-warming to a new level.

Listen to “The Insurance Couch” to stay tuned for the newest chatter about the industry!

#insurance #insuranceindustry #versicherungsbranche #futureofinsurancesales #leadgeneration #futureofinsurance #sales #growth #ai #bots #automation

Get Your Insurance Fix on “The Insurance Couch” Podcast!
⁠Join Oliver Lang⁠, former CEO of InsurTech Unicorn Wefox/One Insurance, supervisory board member and advisor and ⁠Nikolaus Sühr,⁠ Co-Founder and CEO of InsurTech enabler ⁠⁠⁠⁠⁠⁠⁠⁠KASKO⁠⁠⁠⁠⁠⁠⁠⁠ as they bring you unique insights from their experiences in the insurance world.

This episode is part 2/3 of the discussion around leads.

In this episode they talk about the latest trends in insurance lead generation, the critical role of speed and specialisation in conversion, and why rising lead costs demand smarter optimisation and cross-selling strategies.

Here are the key takeaways:

• More and more insurers and brokers are entering the space of generating their own leads.
• On the other side, some lead providers form their own brokers/agencies to sell insurance, not just leads.
• As a result, lead prices have gone up significantly – you must dramatically increase your conversion in order for your CAC to stay the same.
• We see a lot of investment and upskilling in managing the lead journey. including but not limited to time to react, lead to advisor matching and cross-selling. 

Listen to “The Insurance Couch” to stay tuned for the newest chatter about the industry!

#insurance #insuranceindustry #versicherungsbranche #versicherung #versicherer #insuranceleadconversion #leadgeneration #customeracquisition #salesgrowth #insurance strategy #crossselling

Get Your Insurance Fix on “The Insurance Couch” Podcast!

Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, supervisory board member and advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech enabler ⁠⁠⁠⁠⁠⁠⁠KASKO⁠⁠⁠⁠⁠⁠⁠ as they bring you unique insights from their experiences in the insurance world.

This episode they talk about why most insurance organisations struggle with lead generation, everything it needs for customer acquisition, from basic contact data to booked appointments, the costs, and challenges of acquiring leads, and how salesforces must adapt their skills and processes to convert leads outside their own networks.

Here are the key takeaways:

• The only way to grow the number of customers for many insurers and brokers is to acquire leads from outside their agents’ networks.
• There are many lead categories ranging from a name with contact details to fixed appointments for an insurance consultation.
• Leads can come from many sources – Google or Facebook are just two of them.
• Leads are valuable. You must treat them with great respect and care.
• It is critical that you optimise the end-to-end journey from lead source to closing the deal and cross-selling additional products – not just parts of that journey.

Listen to “The Insurance Couch” to stay tuned for the newest chatter about the industry!

#insurance #insuranceindustry #versicherungsbranche #versicherung #versicherer #insurancesales #leadgeneration #customeracquisition #salesgrowth #CAC

Get Your Insurance Fix on “The Insurance Couch” Podcast! Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, supervisory board member and advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech enabler ⁠⁠⁠⁠⁠⁠KASKO⁠⁠⁠⁠⁠⁠ as they bring you unique insights from their experiences in the insurance world.

This episode they talk about AI for decision makers:

• One use case for AI is to make decision makers / knowledge workers more efficient.
• AI can help throughout the decision-making process including communication and implementation.
• It can cut the time for decision making including communication by up to 60%.
• AI takes voice-to-text to a whole new level as you don’t have to speak like you would write.
• Best advice: simply start with what already exists.

Listen to “The Insurance Couch” to stay tuned for the newest chatter about the industry!
#insurance #insuranceindustry #versicherungsbranche #versicherung #versicherer #AI #KI