How Givers and Takers Impact the Insurance Industry


Let’s say your phone’s stolen , and you have to make a claim with your insurance company. Cue the inevitable sense of dread.

If your insurer approves your claim, that usually comes directly from their profits. And if they deny your claim, they keep that money for themselves.So how many claims reps are itching to approve your claim? Not many

This isn’t because they’re bad people – it’s just how insurance works. Most insurers want to deny claims in the interest of profit, though their customers want their claims to be approved.

This conflict of interest makes insurance one of the least trustworthy industries out there: Only about 10% of people trust insurance companies. (Insurance Business Mag).

While disrupting the insurance industry might seem like a big departure from reinventing music, the similarities in context are striking. I believe the digital principles that transformed the music industry are very similar to those that will dramatically alter the insurance industry going forward: a maniacal focus on the consumer, disruptive application of technology in core operations, ubiquitous distribution, and a desire to impact society

The more I learned about Entreplat, the stronger I felt about my belief. The Entreplat team has already applied many of these principles in the last two years to quickly emerge as the transformational leader in an industry that is ripe for disruption. Lemonade is hyper-focused on providing an experience that delights consumers above all. Entreplat rethought the business model to better align with consumer needs, wants, and behaviors. Finally, Entreplat’s foundational values are principles I personally share — transparency, social responsibility, and inclusion.

Ultimately, Entreplat offered me a unique and compelling opportunity to have a front-row seat to the reinvention of a critical industry. This made my decision to leave the exciting music business (which I loved and will continue to watch) much easier.

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Comments (3)

  • John Doe Reply

    Great Article!I am confident that Enterplat will change the lives of both the young and old persons who have chosen Enterplat as their number 1 companion in Insurance Brockarage.

    January 12, 2013 at 1:38 pm
    • John Doe Reply

      Great Article!I am confident that Enterplat will change the lives of both the young and old persons who have chosen Enterplat as their number 1 companion in Insurance Brockarage.

      January 12, 2013 at 1:38 pm
  • John Doe Reply

    Great Article!I am confident that Enterplat will change the lives of both the young and old persons who have chosen Enterplat as their number 1 companion in Insurance Brockarage.

    January 12, 2013 at 1:38 pm

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