Rethinking Flood Risk - with Cory Isaacson, CEO & Co-Founder, reThought Insurance

“The insurance experts in the company define the technology requirements”, says Cory. With a career background of building technology for strategic advantage, Cory shares his journey to co-founding reThought Insurance, a US-based insurtech focussed on flood protection for commercial buildings and HNW homes.“Flood is the most challenging peril to underwrite. It’s difficult to price flood risk adequately,” says Cory, explaining how 90% of buildings in the US aren’t covered for flood, despite 99% of US Counties having suffered from flood since 1996. Licensed in all 50 States and with risk spread across 40 States, Cory outlines the benefits to policyholders and brokers and the biggest challenge he’s faced in building the business. “Insurance is a complex multi-party transaction. It took us 2.5 years before we could write one policy.”With a current headcount of 31 and fundraising for Series B, Cory gives insight in to growth plans, maintaining a collaborative, fast-paced start-up culture as the business moves forward and reThought’s approach to hiring new talent. A completely distributed, remote company, even before the pandemic, Cory highlights the value of insurance knowledge to the business and the foundations needed to build a successful insurtech. “Pick the right market, have the right insurance expertise and back it with technology. In that order.” Connect with Cory Isaacson on LinkedIn, email [email protected] or find out more about reThought The Insurance Coffee House Podcast is hosted by Nick Hoadley, CEO, Insurance Search, the Executive Search Consultancy for growing Insurance and Insurtech businesses across the globe.To discuss identifying & attracting the very best talent to your team or being a podcast guest, reach out to Nick via [email protected] or connect on LinkedInCopyright Insurance Search 2022 – All Rights Reserved.    

Om Podcasten

The weekly Insurance Coffee House Podcast series is the place where you’ll be inspired by some of the most successful insurance business leaders on the planet. With each guest asked the same set of ten questions you’ll understand the recurring patterns and traits that make them successful. Covering morning routines, favourite success quotes and how they overcame their largest setbacks, they’ll give a personal insight in to what it takes to be a successful insurance business leader. This podcast will suit senior executives from inside the insurance industry and ambitious insurance business leaders of the future, giving you practical management tips and advice to help you achieve your career ambitions. The show is hosted by Nick Hoadley, CEO of leading international insurance executive search firm, Insurance Search. If you would like to contact Nick about the podcast or to discuss any executive search assignments, please email [email protected] or call (+44) 203 9488 501