Targeting growth with hockey pucks, insureon ceo seeks constant improvement


A major online provider of commercial insurance for small businesses in the United States keeps track of its growth milestones with hockey pucks. Usd ringgit exchange rate OK, that might be a bit of a stretch but Chicago-based Insureon definitely has found hockey pucks to be useful targets for, well, targeting growth.

“You can’t come into the office and not see hockey, that’s for sure. Pound usd converter It’s all over the place,” said Insureon CEO Ted Devine, a former high school hockey player who also coaches youth teams.

He explained that when he joined Insureon the company had about $20 million in premium after purchasing a small agency in Texas. Usd jpy technical analysis Setting a premium goal of $25 million, they wrote $25 on a hockey puck to symbolize that goal. Binary code to text Next came a $50 puck, a $75 puck, a $100 puck and so on. 1 usd to zar Now that the company has surpassed $250 million in premium “we’ve got a lot of hockey pucks,” he said.

Launched in 2011 by TechInsurance Group LLC, which at the time specialized in insuring technology firms, Insureon was created as an expansion into online insurance offerings for businesses of all kinds. Gbp to usd exchange rate In 2012 it had around 6,000 small business customers, according to information on the company’s website. Joy news ghana Today, Insureon’s customer base is around 150,000, growing at a rate of about 25 percent to 30 percent per year, Devine said.

“We’re the largest online small commercial provider in the U.S. 2000 usd to inr and we can’t rest on our laurels. Conversion of usd to rupees We have to get better every day. 1 usd to sek We’ve got to make our technology better every day. Aud convert usd We’ve got to add better and better products,” he added.

“My dad taught me a long time ago a phrase that I’ve kept near and dear to my heart, which is you have to be comfortably uncomfortable. Convert decimal to binary We are constantly comfortably uncomfortable,” Devine said.

Beyond the need to continually improve, there are other risks, he said. Usd shop “We’re a technology company. Can to usd We have all the risks that any technology company would have.”

Insureon doesn’t keep Social Security numbers or online payment information but it does have risks as an online technology company and “we also have the risk of giving people advice,” Devine said. Usd brl “We’re a professional services firm at heart, so we’ve got our own professional liability risk, just like everybody else.”

“Some other players who are new use terms like that. Exchange rate usd myr They’re proud of being part of the revolution. The future of digital marketing is you That’s not who we are. Historical exchange rates usd to inr We are very proud to be part of the insurance industry. E mini msci emerging markets futures We are very proud to work with seven of the 10 largest and most respected insurance carriers in the U.S. Us stock futures tomorrow We’re proud to have and the ability to offer their products to our customers,” Devine said.

While there are a lot of new start-ups in the insurance technology sector, Devine said they face many of the same hurdles Insureon has had to overcome and may not yet realize how difficult it is.

It has taken nearly five years and a very large investment to build the necessary connectivity to carriers that has enabled Insureon to create its model, and deliver products and services to its customers, he said. Euro conversion to usd There’s “an incredible amount of technology integration, an incredible amount of application design to make sure the user experience is really efficient.”

“A company like Hiscox comes to mind. Eur usd historical chart They’ve been, I think, very, very successful. Currency converter usd to rm There are also carriers that are experimenting with going direct themselves. Market futures cnbc I really believe that real innovation here is going to come from streamlining the product,” Devine said.

Though Insureon does sell directly to the small business consumer, Devine said the company also works with independent agents. Gender differences in language “We service and serve thousands of independent insurance agents and insurers and we are very proud of that support.”

To further serve independent agents, the company this year formed a new managing general agency, Insureon Underwriting Managers, which operates as a division of Insurance Noodle, the company’s wholesale brokerage subsidiary.

While additional products are planned, the new MGA launched with offerings that include niche coverage for coastal homeowners — including named-storm coverage — and for home-based business risks.

Ultimately, the intent is to make it as easy as possible for “the small business heroes of America to get the right insurance … so that they can continue to focus on doing what they really want to do, which is running a small business,” Devine said.

Technology is making the process for securing commercial insurance for small businesses easier, Devine said. Euro chart 2016 And as a 24/7 online business, Insureon’s goal is to help small business owners with their insurance needs at the times those businesses want assistance. Translate binary code But, Devine said, “often small business owners want to talk to somebody just to make sure that they’ve got the right coverage.”

In that event, the customer would have access to any of 75 brokers “who are divided in specialty desks, so they can talk to somebody that’s an expert in their field,” he said. Chf usd conversion Whether it’s a tech consultant, a contractor, a restaurant owner, a retailer or a nurse, “they need to be able to talk to somebody who really, really understands their” business.

“If you’re a janitor, and you’re working in an office building, we need to talk about lost key coverage. Latest exchange rate pound to euro Every single vertical has very specialized risks. Gender identity test If you can’t talk to an agent or broker that understands the risks of your business, then you’re probably not being covered correctly,” he said. Usd to aed From This Issue