Insurtech

Insuring their future: Career advice from top women in insurtech

  • Insurtech is becoming a hot topic in fintech circles.
  • Top women execs share their advice for women looking to enter this fast-growing field.
close

Email a Friend

Insuring their future: Career advice from top women in insurtech

Insurtech, we’ve been told, is the next big thing: online and mobile insurance is set to shake up the fossilized insurance industry. While insurtech may be fintech’s darling, however, women decidedly aren’t. The lack of gender diversity in fintech is very real: women make up only 5% of the senior executives at top 50 EU Fintech companies in 2015.

This week, we asked top women executive in insurtech to share their advice for women (young and older) looking to enter the field. Here’s what women CEOs from the U.S. and Germany have to say about breaking through insurtech’s glass ceiling.

 

Jennifer Fitzgerald, cofounder of PolicyGenius. To date, the company has raised more than $20 million in capital.

Jennifer Fitzgerald, cofounder of PolicyGenius

Know the customer and the problems you need to solve for them. This is critical knowledge, whether you’re in marketing, product or operations, and is the most effective way to add value when you’re new to an insurtech company.

 

katelyn

Katelyn Gleason, CEO and Founder of Eligible

It’s okay to stay sweet and sincere while remaining focused and driven. When I first started my company
I became really hard and cold and it held me back from a lot of relationships and opportunities.

 

ann

Ann Mond Johnson, CEO of ZestHealth

Think holistically about the problems you’re solving. When you think about insurance, think about both the ease of transacting business using technology and the ability to create a relationship for advice and services. Technology on its own doesn’t do the trick. You need a human component, as well.

 

marti

Marti Ryan, CEO and Founder of Telematic

The insurance industry is changing at a time when the women’s movement is gaining momentum so the timing couldn’t be better for more women to enter the industry. The industry NEEDS fresh and diverse perspectives to help shape the next generation of insurance.

 

marina

Marina Zubrod, CEO of Asuro

The insurance business is driven by men, even more than the banking industry. If in the banking industry 2 of 10 professionals are women, in the insurance industry, you’re lucky if it’s 1 out of 10.

My advice to women looking to enter insurtech is that they shouldn’t be afraid of presenting themselves in a particular way. Male colleagues will accept and respect women who stand up for themselves, as long as she is suitable for the job.

Just speak up and present yourself.

0 comments on “Insuring their future: Career advice from top women in insurtech”

Insurtech, Podcasts

Fabric’s Adam Erlebacher: ‘No one wakes up thinking about how to buy life insurance’

  • Buying life insurance via digital channels isn't just about getting a policy.
  • Firms like Fabric are using a collaborative planning process to nudge customers the right way.
Michael Deleon | September 09, 2019
Insurtech

‘Insurance brokers aren’t going anywhere any time soon’: Behind Azur’s decision to structure as a Managing Digital Agent

  • A lot of tech firms are trying to disintermediate insurance brokers.
  • Azur took a different approach of trying to empower them.
Michael Deleon | May 30, 2019
Insurtech, Podcasts

Haven Life’s Yaron Ben-Zvi: ‘People don’t wake up in the morning wanting to buy a policy’

  • Yaron Ben-Zvi set out to build an insurance product to scratch his own itch.
  • Now part of MassMutual, Haven Life was born.
Zack Miller | January 24, 2019
Insurtech

Policygenius expands into home and auto insurance

  • Policygenius began offering life and disability insurance.
  • Now with auto and home, the company gets closer to its vision of a marketplace.
Zack Miller | January 16, 2019
Insurtech, Podcasts

Clearcover’s Kyle Nakatsuji: ‘Transformational insurance companies are built on fundamental shifts in cost’

  • Clearcover spent a year and a half in development before it launched.
  • California was the first state the new car insurance firm targeted.
Zack Miller | January 15, 2019
More Articles