How eCommerce Insurance Products Run on Real-time Data (w/Amit Batzir, Co-CEO Spott)

Amit Batzir is the co-founder and Chief Product and Risk Officer at Spott, an eCommerce insurance platform that helps sellers protect their businesses from unexpected losses. Spott provides Liability Insurance, Suspension Coverage, and Stockout Protection. Its solutions are geography-agnostic, revolving around real-time data and underwriting capabilities. For example Spott launched "Pay as You Sell" such that coverage spins up based on actual product sales when they occur.  Amit describes how in eCommerce you have many more data points and signals prior to a claim being filed that provides a basis to train models and create more accurate decisions enabled by real-time measurement of exposure whether number of units sold or other business changes. Amit also discusses Spott's go-to-market strategy, whether being part of Facebook or Whatsapp groups, or being bundled as part of an embedded insurance product. Prior to co-founding Spott, Amit spent eight years at PayPal, most recently as Head of Data Intelligence. Over the course of his career in technology, Amit has acquired more than twenty years of leadership experience working in product, analytics, and data science roles. Amit is a veteran of the IDF’s elite intelligence unit and holds a B.Sc in Electrical Engineering and an MBA from Tel Aviv University. 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.