Early Insurtech Investors Thought they were Investing in SaaS, but Insurance is Very Different (w/Adrian Jones, HSCM Ventures)

Adrian Jones is a partner at HSCM Ventures, the venture capital investment arm of Hudson Structured Capital Management Ltd., an alternative asset manager in re/insurance and transport.  Today's episode is an in-depth look at capital-raising, whether funding losses is a viable model, revising business plans, and what types of people become successful.   ✅Carriers remain 'followers' rather than fast followers, because culturally the industry has been operated more conservatively than other industries. ✅There are good examples of companies who are early adopters taking advantage of the new technologies and insurtech and exist in all shapes and sizes all over the world. ✅Talented insurance people who find opportunities to connect, which can mean attending ITC and sending around a report afterwards, is how new leadership is identified and formed. Before joining HSCM in 2021, Adrian was Deputy CEO of P&C Partners at SCOR, where he set-up and led SCOR P&C Ventures.  From 2010 to 2016, he was head of strategy at RenaissanceRe.  He started his career in 2001 at Bain & Co and has lived/worked in New York, Paris, Bermuda, Brussels, and Stockholm.   Follow the Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.