“Health Insurance and Employee Benefits lacks connectivity, lacks infrastructure. That’s what we’ve set out to solve”, says Michael.
With a background in colour printer supplies and medical malpractice, Michael co-founded and leads the team at Vericred, who connect health insurance and employee benefits carriers to insurtech companies to simplify the exchange of data.
Headquartered in New York City, the 100-strong team is focussed on the US market for the foreseeable future, enabling digital transformation and efficiencies to brokers and carriers.
Michael shares the benefits those with a background in health insurance or employee benefits bring to the team.
“It’s an exceedingly complex space. When they come in with industry experience, we’re that much better for it. They bring domain experience and can ramp up faster.”
For those with grit, agility and tenacity, Vericred offers tremendous opportunities to be part of the journey. “We have to work very hard but people can evolve in to new roles.”
Advising those who are considering a move in to an early stage company, Michael says, “Immerse yourself in the community, understand the problems that are being solved, understand the culture.”
The Insurance Coffee House Podcast is hosted by Nick Hoadley, CEO, Insurance Search, the Executive Search Consultancy for growing Insurance and Insurtech businesses across the globe.