Driving innovation in insurance coverage with Scorching 100 awardee Dax Craig

In a current version of Insurance coverage Enterprise TV, IB sat down with Dax Craig (pictured), president, and co-founder of Pie Insurance coverage. Craig was lately added to Insurance coverage Enterprise’s Scorching 100 listing, an annual recognition of the insurance coverage business’s most influential figures. Craig shared insights into the driving forces behind Pie Insurance coverage’s success and the main elements driving its progress and innovation.  

Craig credited the corporate’s success to a dedication to tradition, prospects, companions, and workers, stating that having a optimistic inner tradition can have a profound influence on exterior relationships and navigating business challenges.  

The corporate’s give attention to tradition, progressive partnerships, and technological developments has opened many new alternatives. Notably, the corporate has branched out into the business auto insurance coverage market, creating new partnerships.

When requested about his method to management and firm tradition, Craig famous: “I believe if you happen to give attention to the precise tradition internally, your workers will maintain your prospects, your companions, externally.”

Craig additionally appeared into his firm’s plans for 2024, saying that he anticipated the 12 months to be extremely thrilling for Pie. He revealed plans for an growth of the corporate’s business auto providing because it strikes into new states, and to roll out a number of insurance coverage firms.

“That may give us much more pricing breadth,” he mentioned. “That allows us to cite much more submissions.

“We even have a bunch of inventive issues popping out of our advertising workforce. They’re pushing the envelope in each method doable. There shall be lots of innovation on pricing and underwriting.

“We’re additionally centered on driving an excellent loss ratio and rising – anybody within the insurance coverage business is aware of that’s extremely powerful. We consider ourselves as a tech firm that serves the insurance coverage business, but additionally an insurance coverage firm that’s driving tech – we should be each.”

To study extra about Dax Craig and Pie Insurance coverage, click on right here, to observe the complete interview.