May 17, 2019
“Know what problem you’re trying to solve. And who you’re trying to solve it for.” - Ted Stuckey
(click to tweet)
Innovation comes from the startup.
But a startup has only so much power to bring those new ideas to life. When first starting out, the labor required to lift the operation above sea level is so immense that innovation gets lost in the noise of to-do’s.
This is when it may be time to partner with a corporation.
On today’s episode of FNO: InsureTech, we are joined by Ted Stuckey, the Managing Director at QBE Ventures. In this role, Ted looks to invest in technology solutions that have the potential to transform QBE and the international markets in which they operate.
Tune in to this episode to hear Ted’s insights on the insuretech space, specifically what makes a fruitful insuretech-corporation collaboration.
“Innovation is such a culturally dependent beast.” - Ted Stuckey
(click to tweet)
The FNO: Tips
- A corporate venture capitalist is a venture capitalist functioning on behalf of the greater corporation
- In the age of Insuretech, the carriers that do the best are the ones that are the startup’s preferred partner choice
- Technology is enabling carriers to do more than they have been able to do in the past
- Figure out your customer acquisition strategy before getting too far into the weeds of technology
- If you’re seeking out conferences: Onramp Conference Series, InsureTech Connect, and Future Fintech
- Carriers continue to implement artificial intelligence more and more
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