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S1E10 | Parametric Insurance at Scale: How NormanMax Is Reinventing Embedded Risk - feat. Samuel Broomer
Ready to learn how parametric insurance is being re-engineered for the mainstream?
In this episode of The Age of the MGA Podcast, we sit down with Samuel Broomer, President of Embedded Parametric Solutions for NormanMax, to explore the massive unlock happening in the MGA space. Sam breaks down how they’re converting complex parametric products into simple, zero-deductible features that enhance traditional policies—from personal lines to middle-market commercial risk.
We dive into:
✅ What "products into features" actually looks like in the field
✅ How NormanMax blends Lloyd's capacity with MGA agility
✅ Embedded opportunities, real-time IOT triggers, and rapid claims payout workflows
✅ The role of tech, reinsurance, and portfolio underwriting in enabling scalable growth
✅ The cultural philosophy behind helping others through catastrophic events
This episode is a blueprint for the next generation of parametric-enabled MGAs.
–––––––––––––––––––––––––––––––––––––––––
🔗 Stay Connected & Follow the Movement:
🎧 Subscribe on Spotify, Apple Podcasts & YouTube
📲 Follow the Age of the MGA on LinkedIn → https://www.linkedin.com/company/age-of-the-mga/
👉 Connect with the Hosts:
Doug Ver Mulm: https://www.linkedin.com/in/douglasvermulm/
Dylan Brand: https://www.linkedin.com/in/dylanbrand/
Peter Tilbrook: https://www.linkedin.com/in/peter-tilbrook-50832336/
👉 Connect with our special Guest:
Samuel Broomer, President, Embedded Parametric Solutions: https://www.linkedin.com/in/samuel-broomer-5997616/
Website: https://normanmaxinsurancesolutions.com/
–––––––––––––––––––––––––––––––––––––––––
Sponsored by Loro — The No-Code Platform for Specialty Insurance
Want to take your MGA online instantly?
Loro helps MGAs, carriers, and brokers quote, bind, and distribute insurance products at scale—without ever writing code.
✅ Launch your product anywhere in the world
✅ Complete quote-bind-issue workflows
✅ Real-time reporting, oversight, and compliance tools
🔹 Learn more: https://www.loroinsurance.com
–––––––––––––––––––––––––––––––––––––––––
View all episodes
By Peter TilbrookReady to learn how parametric insurance is being re-engineered for the mainstream?
In this episode of The Age of the MGA Podcast, we sit down with Samuel Broomer, President of Embedded Parametric Solutions for NormanMax, to explore the massive unlock happening in the MGA space. Sam breaks down how they’re converting complex parametric products into simple, zero-deductible features that enhance traditional policies—from personal lines to middle-market commercial risk.
We dive into:
✅ What "products into features" actually looks like in the field
✅ How NormanMax blends Lloyd's capacity with MGA agility
✅ Embedded opportunities, real-time IOT triggers, and rapid claims payout workflows
✅ The role of tech, reinsurance, and portfolio underwriting in enabling scalable growth
✅ The cultural philosophy behind helping others through catastrophic events
This episode is a blueprint for the next generation of parametric-enabled MGAs.
–––––––––––––––––––––––––––––––––––––––––
🔗 Stay Connected & Follow the Movement:
🎧 Subscribe on Spotify, Apple Podcasts & YouTube
📲 Follow the Age of the MGA on LinkedIn → https://www.linkedin.com/company/age-of-the-mga/
👉 Connect with the Hosts:
Doug Ver Mulm: https://www.linkedin.com/in/douglasvermulm/
Dylan Brand: https://www.linkedin.com/in/dylanbrand/
Peter Tilbrook: https://www.linkedin.com/in/peter-tilbrook-50832336/
👉 Connect with our special Guest:
Samuel Broomer, President, Embedded Parametric Solutions: https://www.linkedin.com/in/samuel-broomer-5997616/
Website: https://normanmaxinsurancesolutions.com/
–––––––––––––––––––––––––––––––––––––––––
Sponsored by Loro — The No-Code Platform for Specialty Insurance
Want to take your MGA online instantly?
Loro helps MGAs, carriers, and brokers quote, bind, and distribute insurance products at scale—without ever writing code.
✅ Launch your product anywhere in the world
✅ Complete quote-bind-issue workflows
✅ Real-time reporting, oversight, and compliance tools
🔹 Learn more: https://www.loroinsurance.com
–––––––––––––––––––––––––––––––––––––––––