239. David Gritz on Why Bespoke MGAs are Changing Insurance

Unlock the secrets behind the burgeoning InsurTech industry with David Gritz, the co-founder and managing director of InsurTechNY. ✅ Join over 5,000 newsletter subscribers: https://go.ryanhanley.com/** ✅ For daily insights and ideas on peak performance: https://www.linkedin.com/in/ryanhanley** ✅ Subscribe to the YouTube show: https://youtube.com/ryanmhanley Connect with David on LinkedIn: https://www.linkedin.com/in/davidgritz/ Our enlightening conversation peels back the layers of how MGAs and MGUs are revolutionizing insurance, offering targeted risk solutions and reshaping the industry for independent agents and consumers alike. Hear firsthand about the incubator-like MGA lab where innovation thrives, and the transformative impact these entities have on both commercial and personal insurance realms. Navigating the tech sphere's entrepreneurial waters can be a tumultuous journey, one that often serves up equal parts laughter and frustration. We swap stories of customer service mishaps that remind us of the importance of accessibility and efficiency—key ingredients to a successful InsurTech venture. The dialogue veers into the potential of artificial intelligence and the seamless integration that entices even investors to become customers, as exemplified by the ease of policy purchases with companies like Chase.  The insurance world is a complex tapestry, but this episode cuts through the intricacy with precision, revealing how aspiring MGA businesses can scale and prosper. From the nitty-gritty of actuarial strategies to the tactical maneuvers of geographic expansion, the keys to a thriving MGA enterprise are laid bare. And for those eager to dip their toes into the InsureTech revolution, we extend a warm invitation to join the vibrant community at InsurTechNY, your launchpad for networking and innovation in the heart of New York. Learn more about your ad choices. Visit megaphone.fm/adchoices