When Embroker CEO Matt Miller, who sat on the board of one of the top 10 commercial insurance brokers, couldn't even help his friend navigate the SMB buying experience, he knew something needed to change. Insight by Stanford Business reflects on his journey to transform an archaic and analog $300bn industry.
ligently. “There are opportunities to use technology to provide or create insurance products based on data sets that we can capture,” says CEO Miller, who founded Embroker in 2015 after six years working in private equity, and who now has more than 60 full-time employees. “That data can be about driving habits, or weather, or all sorts factors that could impact a business.”