In this podcast episode, Reid talks with a returning guest – Luke Magnan, co-founder and CIO of Combined Ratio Solutions.

 
 Luke believes that core insurance software should be accessible and affordable, much like the dependable Honda Civic. Tune in to hear Luke’s vision: to empower insurance companies by simplifying their operations without breaking the bank (and more).

Episode Highlights

• Catching up on Combined Ratio’s mission (00:50) 
• Carriers running IT as an engineering shop (11:42) 
• How to become the industry standard (12:39) 
• Aspiring to be the Honda Civic of Policy Systems (19:34) 
• The relationship between the insurance industry and tech experts (26:12) 
• The next big move in the industry (28:56) 
• The role of Salesforce in insurance (34:00) 
• Practical solutions over cool tools (39:36) 
• A concept for large companies to consider (43:49) 
• How keeping exits out of the conversation opens up opportunities (47:25) 
• Disadvantages of private equity and venture capital (53:51) 
• Thoughts on AI (58:41)