The LiiP, S1, E20, Amrit Santhirasenan, CEO, Co-Founder, Hyperexponential
Hello and welcome to the latest edition of the Leadership in Insurance Podcast.
HX is the company you get when you take 2 actuaries with computer science degrees and they find the software landscape lacking! HX provides software solutions for insurance companies with their flagship, next-generation modeling platform, Renew.
In this episode we talked about:
Creativity in actuarial science
Why open-sourced solutions are by nature better – many minds make light work
Googling solutions is a good strategy!
Knowing where to look is as good as knowing.
Good documentation is a competitive advantage
How the tech stack of old insurers hinders their tech teams
HX started because Amrit kept waiting for someone to solve his tech problems – they didn’t so he had to do it
The parallels of starting a business and starting a family – plug for Amrit's excellent podcast “start-up dads”
The gritty reality of start-ups – you HAVE to want to do it. But it can be fun
As co-founders how do you decide who has what role?
We discuss my “less than average” leadership skills
The value of every component of the business – a business as a system and striking binmen!
Why take investment?
The huge importance of trade backing and referrals for a new business
Bootstrapping – is it useful?
How the CEO works for the team, not the other way round!
Sales teams – when to hire one? Do you need one if the product is strong enough?
How the new digital insurers have a huge leveraged advantage – new tech – no legacy
CTO roles at legacy insurers are not incentivized to change
Culture drives change and insurance suffers from Fiefdoms
How it's legitimate for profitable insurers to resist change – it's working why change it!
Thanks to Amrit for being a great guest
This podcast was brought to you by FinPro an executive recruitment business that works in the Insurance and Instech space
Our host is FinPro Director, Alex Bond
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