It was time. The insurance industry had been lagging in terms of its digital transformation. But, in recent years, lots of startups have accelerated a change in this market through the use of technology and innovative business models. Investors have certainly noticed the opportunity, as well. Crunchbase recently reported that VC firms have invested over $20B in Insurtech companies over the last three years.
It’s perfect timing for an entrepreneur like Phil. He gained critical domain experience and insights about the commercial insurance industry through the success of his prior company and his current startup is scaling at a massive rate.
Corvus Insurance is the leading provider of smart commercial insurance products powered by AI-driven risk data. The company recently announced a $100M Series C round of funding.
In this episode of our podcast, we cover:
- Phil’s background story and his experience in the insurance industry, including scaling his own insurance brokerage firm which was acquired.
- What led him down the path of starting Corvus Insurance and how they are transforming commercial insurance by leveraging advanced data science, with an AI-driven approach to empower brokers and policyholders to better predict and prevent loss.
- The details on their latest round of funding and growth plans ahead.
- Phil’s experience as an investor in the Insurtech industry and the areas that he believes are still ripe for disruption.
- And so much more.