Episode description

In this week's episode, I was joined by Frank Perkins who is CEO of INARI.IO 

INARI.IO is an Instech operating out of Barcelona. They offer a next-generation insurance platform, they digitize and virtualize the different things that happen in the life cycle of risk.   

In this episode we discuss

• Startups are not for everyone - creativity is as important as hard work 
• How the people that join at inception may not be the people to necessarily take you to completion 
• "Is the juice worth the squeeze" Insurance is big enough to have many problems to solve but is it a big enough issue 
• Insurers cannot tackle small problems - Instechs can 
• Innovation can be any change that creates value 
• The insurance culture of the fast follower can inhibit innovation  
• Fresh eyes to insurance are important but regulation requires insider knowledge 
• We should always be asking how change or innovation impacts the customers 
• We need to tackle each point of innovation to make things better in the aggregate for the commercial customer 
• Restrictions of regulated businesses and the MVP tech model  
• Insurance isn't broken  
• Connected technology is key to the future success of insurance 
• How connectivity between technologies is key to progress and also how consumers will judge tech 
• Buy vs make - the shift of mindset over time - integrate vs make job roles in insurers 
• Cost vs Risk with buying or making tech  
• Teams are built on skill, luck, and serendipity 
• The best definition of Innovation so far - "slightly rounder wheels"   

Thanks to Frank for being a great guest - I mention the Star Wars background - you can see this on the YouTube channel so go check it out.

This podcast was brought to you by FinPro​​ an executive recruitment business that works in the Insurance and Instech space   

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