Insurance, Meet Technology: Interview With An 'Insurtech' Innovator
There are two places, according to Wayne Slavin, where people come up with good ideas. One is the bathroom. The other is a flight to Las Vegas (not on the way back, however). And it was on such a flight that Slavin had an idea.
“I said ‘We’re doing 100+ million mobile commerce transactions at my current company. I wonder if instead of selling food through an app, if we could sell insurance?” he said. “I ended up standing up on the plane and asking people three rows ahead of me and three rows behind me ‘Hey if you could buy insurance right now before we took off through an app, would you buy it?’ And everybody said ‘Yea, how could I not buy it?’”