Culture, Partnerships & Redefining the MGA model : An Interview with Alex Maffeo, CEO, Boost
Hello and welcome to the latest episode of the Leadership in Insurance Podcast where this week we are lucky enough to be joined by Alex Maffeo CEO of Boost. Boost powers digital insurance programs for innovators across all industries. Their customers are leading technology companies and game changing startups that want to offer white-labeled insurance products tailored to their users’ needs. Their infrastructure-as-a-service (“IaaS”) makes it simple to monetize the insurance vertical by packaging all the back-end components needed to build, launch, and manage a program – including ‘A’-rated paper, dedicated risk capacity, and claims administration – all powered programmatically by thier API-driven policy admin system. Technically, they're a licensed managing general agency. They're just redefining what that means.We had a great conversation this week where we discussed a wide range of topics such as: Embedded Insurance being the insurtech theme of 2022 Where have you had most success in your business? ‘Create your own’ product - what are the limitations from your capacity on what you can create? Any unusual products that you have been asked to create/develop? What is Boost’s team like? How much in-house Insurance support do you have? How do you create the right culture balance because fast moving tech and established insurance teams have a very different feel? Why do you feel now is the time when embedded solutions have exploded? Partnerships What is it about your solution that has attracted such marquee names? Alex’s investment background What’s your take on the valuations we have seen in the Insurtech space? The fall of the largest InsTech stock Are the more traditional Insurance carriers and businesses undervalued? As an insurtech veteran, what is interesting you in the space?Thank you Alex for your time, it was great to speak to you!This Podcast was brought to you by FinPro, an executive recruitment business that works in the Insurance and Insurtech space.Our host in FinPro Director, Alex BondPlease like and subscribe if you enjoyed this podcast Hosted on Acast. See acast.com/privacy for more information.