Friday, April 14, 2023

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- Just move on
- Assured meeting with Theo
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- Young - bright eye undergrad
- insurance of car, property etc
- 80 B goes for claim processing
- Assured makes SaaS selling on transaction basis to help them digitize and automate processing
- With structured data can help make better claim decision - fraud etc
- 5 year vision: 80-90% claims should be automated. Vast majority 2 party, low speed
- Company
  - 50 M series A
  - 17 full time - 8 in eng.
  - Looking to grow to 20-25 folks. Philosophy **small teams.**
- 1 in 200 claims is touching assured. Got **?? customers**
- Customers are desperate for rest of the roadmap.
- Head of engineering
  - Theo started as IC. Hired the team.
  - **Tech Stack**?
  - Theo is looking for partner. Org. Hiring. Aggressive targets.
- **Why this industry?**
  - Bla bla - drone - justin and I
  - lots of inefficiency in legacy financial services. Volume is high so cost of ineffeciency is very high. Insurance is generally overlooked un-sexy space. Claim is even more overlooked.
- **Enterprise sales?**
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