Hello and welcome to the latest edition of the Leadership in Insurance Podcast (The LiiP) This is a brilliant chat with David Hughes https://www.linkedin.com/in/dapahughes/ David is CEO and Founder of Mulberry Risk which is an Analytics and Actuarial Consultancy to the MGA space https://www.mulberryrisk.com/ David was very open and honest as a guest - even sharing us the secret of what he was hiding in the background of his recording! In this we talk about: - His professional rugby career - ditching this for life as a pensions actuary - Getting early inspiration from working with legendary Insurance entrepreneur John Charman- How simple it should be to keep people happy - How the alumni of some successful businesses have an oversized impact on the insurance business - The Importance of stepping back to go forward - People as catalysts in your career - How important speed is to innovation - The appeal of the MGA market in its entrepreneurial - The risk of a rate rise to the MGA model - The reputation of the MGA in the mind of underwriters - The importance of making your capital fungible for a capacity provider - MGA vs MGU - American carrier relationships vs UK carrier relationships - Flexibility in MGA model thrived in a lockdown environment - What makes a successful Insurtech? - Simplicity the key to successful insurance solutions - How great businesses come out of the customer journey and customer focus Is your niche big enough for the investment? And much more in between. This I a really interesting chat with an engaging founder with a great business concept.
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