To space and home again….. ever wondered what the formula is to create innovative insurance solutions in emerging markets?
On this week’s insight packed The We are Insurtech Women podcast I talked to Maria Mateo Iborra, co-Founder and CEO, of IBISA about the value of small scale entrepreneurship in skill building, the power of satellite based parametric insurance in closing the protection gap and why having individual user guides is vital to creating strong virtual teams. She also provides insights into maximising value and trust with investors.
This is a must listen for any early stage start-up entrepreneurs – so many amazing insight nuggets!!
We discussed Maria's entrepreneurial journey → Maria talks honestly about the building blocks she learnt through previous roles and various side hustle business ventures that support her journey.
➡listen in to hear about Maria’s early stock market investing, her attempt to break a world record and preserving lemons – AND why the skills gained in this enterprises were invaluable when she started her own business full time.
➡She also talks about how working in the 🛰️satellite industry for many years showed her how technology can be an enabler as growth and inspired her to create her own business
🪜Mind the Gap! - we also dive into the challenges faced by traditional insurance in emerging markets due to high administrative costs and lack of infrastructure, leaving many populations uninsured and vulnerable to climate risks.
🚨In response, Maria founded IBISA in 2019 to close that gap – with a focus on satellite based parametric insurance solutions.
🧑🎓Struggling to master your distribution strategy? Maria also provides great insights into how IBISA has built its distribution channels - with a focus on trust and fit between the product and channel.
(👇 listen to the full episode for insights on how to test different distribution channels)
Ever wondered what happens after you 💰secure funding? – that’s when the hard work begins to build trust and engagement and secure strategic value from the relationship – listen in to hear Maria’s advice on how best to do this… even when you have a diverse set of investors.
We also discussed the value of over communicating and personal user manuals in enable a 😎thriving remote team – as well as the power of food and sports in creating shared interest and team bonding.
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