Max Cho on Creating Coverage Cat and the Turbulent Insurance World | SVIC Podcast #31

Max Cho, founder of Coverage Cat an insurance startup, will join us to talk about building an insurance brokerage in the age of AI. Before founding Coverage Cat he had prior roles at Two Sigma, Google, and Microsoft 👉DON'T MISS THE CONVERSATION! Gain entry to our exclusive Discord community by becoming a Youtube Channel member or patreon.com/svic supporter to access exclusive episodes, insider updates, and be part of a vibrant group where learning meets laughter Please support us by checking out our sponsors: Thangs - Premium 3D models for your 3D Printer. Save 15% on your memberships by entering promo code: "SVIC" & using this link https://than.gs/?affiliateCode=SVIC to access stores BigBricks, SuperCrazyPrints, and Terra de Verdant. We are looking for more sponsors, reach out to [email protected] if you would like to support the show. 🚀Youtube and Patreon supporters: We just released an exclusive episode on the companies that Nvidia works with and which ones stand to gain during the rise of AI. You can find the full episode at patreon.com/svic . The episode is hosted on patreon AND Youtube. 🎙️Don't Miss Our Live Streams Every Monday, Tuesday, & Wednesday From 11am to 12pm PST Show hosts Joe (Eng VP) and Jordan (M&A Deal Lead) worked at various companies from Google, Apple, Facebook, Microsoft, Salesforce, Slack, Carta, Splunk, Wealthfront, Adobe, and more. Chapters: 00:00 Introduction and Funny Anecdotes 02:59 Misconceptions and Transparency in Insurance 06:02 Coverage Cat's Philosophy and Data-Driven Recommendations 09:00 Challenges of Starting a Company and Scaling 12:59 The Downturn in the Insurance Industry 16:00 Retreating and Waiting for Improvement 19:23 The Role of Reinsurance and its Impact on Insurance Prices 23:02 Assessing Financial Situation and Offloading the Right Risks 25:34 Automation and AI in the Insurance Industry 28:45 The Importance of Finding the Right Insurance Policy