Top 10 Insurtech 2020
Relay was selected by its investor Plug and Play as a Top 10 Insurtech Company for 2020, a semi-finalist in the 2019 ACORD North-American Challenge, and a finalist in the upcoming Insurtech North 2020 Pitch Competition. We are also backed by Fortune-500 American Family Insurance, NFP Ventures (part of the NFP group), and VC firm Highline Beta.
Greg Boutin, CEO
Greg previously launched Techstars-graduate venture Velocia, managed 900 people and rolled out process automation at Deloitte Canada, and operated a large eCommerce retailer’s digital content. He also drove organizational transformations with Boston Consulting Group, interned at incubator Idealab, and obtained a Stanford MBA as a Fulbright scholar.
Edmund Lo, Head of Product & Engineering
Edmund is a product/engineering lead who previously worked at Flipp. He drove and launched a new digital marketing product used by major retailers, e.g., Walmart, Home Depot and Best Buy; and generated over 2 million of revenue within the first year. Before Flipp, Edmund was at TextNow and launched a free call and messaging service with over 1 million daily active users. He is an honour graduate from the University of Waterloo.
Harry Mills, Head of Technology & Infrastructure
Harry previously built and scaled payroll, tax filing, and accounting systems for thousands of SMBs in the UK with FreeAgent, and managed and scaled the infrastructure for Neuranet's digital ad design and delivery platform used by Fortune 500 companies. Most recently he worked as part of the Highline Beta team to take Relay from an early stage concept to the rapidly growing product it is today.
American Family Insurance
Based in Madison, Wisconsin, American Family Insurance group https://www.amfam.com/ is the nation’s 13th-largest property/casualty insurance group, ranking No. 306 on the Fortune 500 list. The group sells American Family-brand products, primarily through exclusive agency owners in 19 states. The American Family Insurance group also includes American Family Connect Property and Casualty Insurance Company, the proposed new legal name of Ameriprise Auto & Home https://www.ameriprise.com/auto-home-insurance/aah/, The General http://www.thegeneral.com/, Homesite http://www.homesite.com/ and Main Street America https://www.msagroup.com/.
Highline Beta builds and funds new ventures with forward-thinking global enterprises. Combining the industry experience of enterprises, agility of startups, and methodology of investors, Highline Beta is building a new model for corporate innovation and venture capital. Highline Beta helps assess market and industry opportunities, kickstart accelerators, initiate strategic collaborations and spark venture investment to unlock innovation and drive growth.
Read more: https://highlinebeta.com/
NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review). NFP Venture, LLC (NFP Ventures) is a venture fund launched by NFP that focuses on strategic partnerships and investments in the emerging Insurtech, Fintech and HR Tech arenas. NFP Ventures' mission is to find, fund and work successfully with visionary executives, providing them with expertise to foster long-term success. Typically, NFP Ventures targets companies seeking Seed to Series B investment that can benefit from NFP's distribution, human capital and other unique assets to accelerate their growth.
Visit NFP.com for more information.
Plug and Play Ventures
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 22,000 startups and 300 corporate partners, we have created the ultimate startup ecosystem including business development programs, corporate innovation services, and an in-house VC arm. Since inception in 2006, companies in our ecosystem have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, Honey, and many others.
For more information, visit https://www.plugandplaytechcenter.com
Rick Wiseley, Corporate Account Executive, Relay, and former SVP, Hiscox, and MD, Markel
Rick has held Senior Program Leadership roles within Hannover Re, QBE, Markel and Lloyd’s Syndicate Hiscox. In addition to his primary leadership skills, he was an accomplished Treaty Underwriter for both CNA and Fireman’s Fund. He led program teams with portfolios from $20 to $600 million GWP. He also developed program units for several large national carriers. In addition to his Advisory Board role, Rick also helps Relay as a Corporate Account Executive.
Monica Tigleanu, SVP & Team Leader- International Wholesale - Cyber and Technology Risk, Marsh
Senior Vice President Monica worked in various roles within insurance for 9 years, before joining pre-Marsh JLT Specialty’s cyber team in 2018. Prior to starting at Marsh JLT Specialty, she was employed by leading LLoyds syndicate Beazley Furlonge Limited, as one of their senior underwriters for complex cyber risks . Monica also worked for over 4 years at American International Group, both in Canada and the UK, with a primary focus on cyber risk and executive lines for financial institutions. Previous to joining AIG, she was an executive liability underwriter at Travelers Insurance Company in Canada. Monica is a Certified Privacy Professional, both in Europe and the US, and has a background in finance with complementary studies in fashion management and consulting. In 2019, she also became Certified in Information Systems and Risk Controls (CRISC) and a Certified Information Systems Security Professional (CISSP).
Antonio Ferreiro, Senior Manager | Insurance & Actuarial, Deloitte
Antonio Ferreiro (re)insurance career spans over 20+ years across three continents and multiple countries. A qualified actuary, Antonio has held senior and executive roles at leading (re) insurer’s carriers and professional services firms. His areas of expertise lie within property and casualty underwriting, actuarial reserving and pricing, structured reinsurance, M&A and capital optimization. Antonio currently works as a Senior Manager at Deloitte Canada where he leads the insurance & actuarial P&C practice. Prior to joining Deloitte, he worked at Munich RE for a decade. On his latest role, he was transferred to India as SVP at a leading JV part of the group. He started his career graduating from GE Capital’s Financial Management Program (GE FMP). Antonio holds an Executive MBA, a M.Sc. in Actuarial Science and a Bachelor’s degree. He is a Fellow Actuary in Spain (CAC. IAE), a Fellow Actuary in Germany (DAV) and is an affiliate to the Canadian Institute of Actuaries (CIA). He is also a Charted Enterprise Risk Actuary (CERA) holder.
Eugenio Gonzalez, Investor, Plug and Play
Eugenio is an early-stage venture capital investor at Plug and Play Ventures, focused on the areas of InsurTech, FinTech, AI, Cybersecurity, and enterprise software. Eugenio joined PNP Ventures from Carey, the largest law firm in Chile, where he led investments and M&A transactions across banks and financial institutions. At Carey, Eugenio was centrally involved in the acquisition of a US-based bank by a Chilean bank and established major technology and strategic partnership relationships. Eugenio has an MBA from MIT Sloan, where he collaborated with Boston-based VCs Accomplice and MassVentures, and a JD from Universidad de Chile. When Eugenio is not spending time in the Bay Area, he is mentoring entrepreneurs back in Boston through his initiative VC Office Hours.
Peter Borst, Investor, formerly SVP, SwissRe
Peter Borst joined Relay Platform’s Advisory Board in June 2019 having seen the potential that Relay presents in making re/insurance placements easier and faster for cedants, reinsurers and brokers. Peter retired from Swiss Re in October 2018 as Senior Vice President of Client Markets where he worked with some of the largest insurance companies in the world. He was also part of Swiss Re Canada’s Executive Leadership team. He previously led General Electric’s (formerly Employers Re) reinsurance business in Canada where he was Chief Agent since 1994 having started with the firm in 1982 as a Facultative then Treaty underwriter.
John Cashin, former General Counsel, Head Zurich Group
John Cashin is retired general counsel for general insurance at the Zurich Group. John has had a 45-year career in the insurance industry, as reinsurance broker, regulator and outside and in-house counsel. From 1980 to 2000 he worked at the three largest insurance brokerages, placing reinsurance for property/casualty insurers throughout the United States. From 2000 to 2002 he served as Deputy Superintendent of Insurance for the New York State Department of Financial Services. John held a variety of legal roles from 2004 to 2014 at the Zurich Group, including, General Counsel for Group Reinsurance, Group Chief Compliance Officer and General Counsel for General Insurance.
Michael Sciole, Managing Partner, Accretive Holdings, LLP and formerly EVP, Berkley Technology Services
32-year insurance industry veteran with 17 years in the C-Suite. Successfully oversaw the implementation of 100’s of value-added insurance applications for personal, commercial, excess and surplus, reinsurance, specialty and international. Participated in 10 acquisitions, worked with 5 startups who had successful exits and was part of a leadership team who consistently hit ROE of 15%. Experience includes Nationwide Insurance, Bearingpoint now PWC, IFG Companies and W.R. Berkley Corporation.
Kieran Borrett, Corporate Partnerships Manager, Plug and Play
Kieran works in Plug and Plays Insurtech practice helping global re/insurers to leverage new technologies and innovations through working with startups. He also leads Plug and Plays UK expansion plans. Prior to Plug and Play Kieran worked for AIR, a Verisk Analytics business, in consulting and business development teams. At AIR he worked on a variety of projects accessing the risk from extreme events this includes the re-modelling and issuance of 144a catastrophe bonds using in house software and technology tools.
ACORD Solutions Group
ACORD Solutions Group (ASG) was born in 2016 of ACORD’s long-standing commitment to enabling efficiency for the global insurance industry. ASG’s mission is to provide full-scale, industry-owned automation services and solutions which enable straight-through processing of data across the insurance value chain, using proven ACORD Standards. https://www.acordsolutions.com/ ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance and related financial services industries. ACORD facilitates fast, accurate data exchange and efficient workflows through the development of electronic standards, standardized forms, and tools to support their use. ACORD engages thousands of insurance and reinsurance companies, agents and brokers, software providers, financial services organizations and industry associations in more than 100 countries. ACORD maintains offices in New York and London. Learn more at www.acord.org.
Global Insurance Accelerator
The Global Insurance Accelerator is a mentor-driven business accelerator designed to foster innovation in the insurance industry by supporting insurtech startups targeting the global insurance industry.
Customer Experience is at our Core
A principle we hold dear at Relay is to enhance – rather than disrupt – the way you do things today. We do not seek to change things for the sake of it, and we do not embrace the “shiny object” pursuit that some other technology ventures do. Relay Platform was designed based on hundreds of hours spent with potential users to understand their needs and aspirations. We pride ourselves in questioning the status quo, but only after understanding it thoroughly. We believe that great design anchored in an in-depth understanding of our user, along with an uncompromising focus on execution mastery, dramatically improves the odds of a solution adoption, and thus its success.
Diverse sources of expertise and perspectives make us stronger
Relay was built by coupling the skills of great designers and technologists together with that of experienced (re)insurance specialists and workflow transformation experts. We believe the diversity all those contributors bring to our efforts every day is unparalleled, and fosters true creativity. Thanks to our multidisciplinary approach, our system is now designed to adapt and respond to both today’s and tomorrow’s needs.
Relay Platform is designed from the ground-up as a native digital application, because current digital technologies, when anchored in user needs, enable incredible enhancements in productivity, quality, consistency and decision-making. Our team has deep-rooted experience in building and deploying SaaS applications that seek to over-deliver on user expectations. We leverage our UX/UI superpower to ensure that our SaaS solution hits the mark. In addition, Relay Platform UX/UI designer, frontend and backend software engineers can quickly and cost-effectively develop intuitive interfaces on our current stack, or legacy system integrations, to extend your Relay solution.
Flexible and Collaborative
Relay Platform utilizes an agile methodology through and through, in both our business and technical pursuits. That methodology encourages collaboration to ensure an optimal outcome. We believe in product iterations and constant feedback to generate better overall results. We work collaboratively with users to ensure full satisfaction with our product.