May 2024, Amplified – China’s New Chip Investment Fund, New Legislation for Air Travel and Parametric Insurance

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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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In This Month, Amplified, May 2024, ⁠David Gritz⁠, co-Founder and Managing Director of ⁠InsurTech NY⁠, discussed several critical topics including the U.S. Chips Act, China’s technological advancements, and the state of public companies in the U.S. Gritz highlighted the significant yet potentially insufficient impact of China’s $47 billion U.S. fund on the global semiconductor industry. He pointed out China’s strategic long-term investments in technology, which, despite currently lagging behind the U.S., aim to close the gap. They also touched on the declining number of public companies in the U.S., emphasizing the importance of public investments for economic democracy and how platforms like ⁠Sweater⁠ and ⁠Allocate⁠ are working to democratize venture capital.

The conversation further explored issues in the U.S. aviation industry, where David underscored the deteriorating customer service and the importance of new legislation ensuring compensation for canceled flights. They delved into the rise of parametric insurance, which offers more efficient claims processes for certain types of events. Finally, they discussed the legal charges against Hunter Biden, viewing it as a test of the U.S. justice system’s independence. Throughout the episode, a recurring theme was the human element in policy and technology, emphasizing the far-reaching consequences of decisions made by individuals and governments.

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