January 2024, Amplified – InsurTech Slopes Follow Up, The Problems with EVs and Hartford Stops Writing Homeowners Policies in California

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Michael Waitze worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley and Goldman Sachs, primarily in Tokyo.  Michael lived and worked in Tokyo from February 1990 until December 2011.  Michael always maintained a particular focus on how technology could be used to make businesses more efficient and to drive P/L growth. Michael is a leader in the digital media space, building one of the biggest and fastest-growing podcast listener bases in the region.  His AsiaTechPodcast.com show has listeners in more than 130 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

Guest
David Gritz

David Gritz is an InsurTech community leader, public speaker, and InsurTech advisor. He has been featured in recognized Insurance media including Carrier Management, Digital Insurance, IIR, AM Best TV, and the Re/Image Podcast. David is the co-founder of InsurTech NY, the largest InsurTech community in the NY metro area. David also serves as a strategic advisor to high-growth InsurTechs to help them go from concept to scale. Previously David has served as the Director of Innovation for the Silicon Valley Insurance Accelerator (SVIA) and has led product at Zero, a behavioral safety focused InsurTech acquired by EverestRe. He holds a J.D. from the Mitchell Hamline School of Law and business and industrial engineering degrees from Lehigh University.

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Welcome back to “This Month, Amplified” as we continue the conversation in 2024!

We caught up with David Gritz⁠, a co-founder and Managing Director of InsurTech NY⁠ and discussed unique conference formats, the evolving landscapes of electric vehicles and some ongoing drama in the property insurance space.

David highlighted the success of the InsurTech Slopes⁠ program in Switzerland, emphasizing the importance of natural environments and small invited groups in enhancing networking dynamics. This innovative approach deviates from the traditional “box-in-a-box” conference format, fostering deeper, more genuine interactions among InsurTech founders and investors.

Our conversation shifted to the challenges faced by companies like Hertz in adopting electric vehicles (EVs). David provided insights into the failure of product-market fit in this context, citing issues like range anxiety, inadequate charging infrastructure, hidden costs, and reliability concerns in extreme temperatures.

Finally, The discussion took a turn towards the property insurance market, particularly focusing on the recent decisions by companies like The Hartford and State Farm to pull out of the Californian market due to wildfire risks.

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