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Could your hiring and firing strategy be hurting your startup? This week on the Startup Savant podcast, Ethan is joined by Karn Saroya, founder of Re a blockchain-based reinsurance startup. The pair discuss Karn's evolution as a leader from his first startup to now, how performance management and hiring (or firing) employees can make or break your startup, and the real value behind Y Combinator's personalized growth metrics. Re Links: https://re.xyz/https://twitter.com/REprotocolEmail Karn: karn@re.xyzStartup Savant Links: https://startupsavant.com/podcasthttps://www.youtube.com/@StartupSavantPodcast/https://www.instagram.com/startupsavantpodcast/https://www.linkedin.com/company/startup-savant/
Karn Saroya knows how to build and raise seed funding for insurtech ventures. In this episode of Reinventing Insurance, Karn joins Paul Ricard and shares his secrets, challenges, and experiences as a serial insurtech entrepreneur. Over the last 10 years, Karn has launched three successful businesses — the latest is Re, a Web3 reinsurance startup valued at $100 million post valuation. Tune in as our conversation discusses the latest happenings in the insurtech space, technology breakthroughs— such as AI and Web3 — that are redefining growth opportunities, and Karn's broad spectrum of experiences with launching three successful startups. Learn more: www.oliverwyman/reinventinginsurance
Karn Saroya is CEO of Re, an on-chain, fully collateralized reinsurer. Re is the world's first blockchain-powered reinsurer is building a decentralized global reinsurance market. The protocol provides investors with access to a massive and uncorrelated asset class: insurance premiums. Re as a protocol will back insurance programs that support the risks that people, businesses and governments take to build better lives, and navigate an uncertain future. Karn's first company, Stylekick, was acquired by Shopify in 2015. Over the next seven years he scaled Cover.com into a national insurance platform. Karn holds a Bachelor of Commerce from Queen's University with Distinction and a Master of Finance from the Massachusetts Institute of Technology, where he attended as a Fulbright Scholar. He is also a Y Combinator fellow and alumnus. 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.
Benjamin Ensor joined by a fantastic panel of guest to discuss the most recent and exciting news in the world of insurtech. Joining us today: * Louise Birritteri, CEO and Founder of Pikl * James Harrison, UKI Head of Insurance at Dun & Bradstreet * Karn Saroya, CEO and Co-founder of Cover We cover the following stories: * Cowbell raises $100m to build out its AI-based cyber insurance platform for SMBs 1:54 * Lloyd's of London fines insurer Atrium over initiation games 13:23 * Water leak insurtech Ondo completes £8m London SPAC IPO 24:05 * Zurich Insurance removes Z symbol after letter used to show support for Ukraine war 33:23 * The most bizarre pet insurance claims in the UK revealed 38:52 All that and much more on this week's episode of Insurtech Insider! Subscribe so you never miss an episode, leave a review on iTunes and every other podcast app. Spread the insurtech love by sharing or tweeting this podcast. Follow us on Twitter: @instechinsiders where you can ask the hosts questions, or email podcasts@11fs.com! Special Guests: James Harrison, Karn Saroya, and Louise Birritteri.
In this conversation, we chat with Karn Saroya, the co-founder & CEO of Cover, a YC-backed insurance technology company that simplifies the process of getting property insurance and focuses on underserved communities. Karn is responsible for operations, business development, growth and investor relations. To date, Karn has raised $27M for the company through its seed, Series A and Series B rounds. More specifically, we touch on the inefficiencies of the property insurance industry, introducing things like financial transaction history and elements of behavioral data results in a better risk segmentation, fair prices, and in many cases - access to the insurance in general. We also discuss how Karn left a career in finance for startups, and shares details of developing and selling StyleKick, a high-end fashion e-commerce business, to Shopify. Karn talks about the future of insurtech and how crypto plays a part, and so so much more!
Karn Saroya is the co-founder & CEO of Cover, a YC-backed insurance technology company that simplifies the process of getting property insurance and focuses on underserved communities.Karn talked to us about the inefficiencies of the property insurance industry and explained how introducing things like financial transaction history and elements of behavioral data results in a better risk segmentation, fair prices, and in many cases - access to the insurance in general.Karn also discusses how he left a career in finance for startups, and shares details of developing and selling StyleKick, a high-end fashion e-commerce business, to Shopify. Karn also details what made them decide to focus their efforts on young people and under-banked communities.Karn shares his thoughts on building a diverse workplace and challenges that startups face during the hiring process. He also talks about building a business with his wife and how that influenced their fundraising process for Cover.
Co-Founder and CEO of Cover, Karn Saroya walks PwC Tech and the Raise podcast through his Series B raise and how his company is disrupting the insurance industry.
Erik is joined on this episode by Karn Saroya (@karnsaroya), CEO of Cover, and Sheel Mohnot (@pitdesi), investor in FinTech.They talk about…* How Karn navigated the idea maze in starting Cover.* The quirks of the insurance market and the real business model of big insurers.* How insurance is comparable to prediction markets.* Their requests for startups in the space, where the opportunities are, and what to stay away from.* Why there has been a trend towards specialty insurance.* How companies are using new sources of data to make underwriting decisions.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.Venture Stories is brought to you by Village Global and is hosted by co-founder and partner, Erik Torenberg, and the show is produced by Brett Bolkowy.
Erik is joined on this episode by Karn Saroya (@karnsaroya), CEO of Cover, and Sheel Mohnot (@pitdesi), investor in FinTech.They talk about…* How Karn navigated the idea maze in starting Cover.* The quirks of the insurance market and the real business model of big insurers.* How insurance is comparable to prediction markets.* Their requests for startups in the space, where the opportunities are, and what to stay away from.* Why there has been a trend towards specialty insurance.* How companies are using new sources of data to make underwriting decisions.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.Venture Stories is brought to you by Village Global and is hosted by co-founder and partner, Erik Torenberg, and the show is produced by Brett Bolkowy.
In our latest podcast, Keane Ehsani (WG ’20) is joined by Karn Saroya, the CEO and co-founder of Cover. In this extensive interview, Karn dives into Cover’s sophisticated customer-centric and elegant apps built to better serve customers. Karn also discusses his pivot from fashion to insurance, how Cover is utilizing native mobile and its Magicam technology to disintermediate the insurance industry, and valuations and consolidation in insurtech. Cover (https://cover.com) is a technology company and nationally licensed insurance brokerage that works with more than 30 insurance companies across the United States. Their apps ensure that customers get the most out of their insurance, the best possible customer experience, and the best rates & coverage. Karn Saroya is the CEO and co-founder of Cover. He is responsible for operations, business development, growth and investor relations primarily. To date, Karn has raised $27M (USD) throughout seed, Series A and Series B rounds. Karn’s first company, Stylekick, was acqui-hired by Shopify in 2015 and, before entrepreneurship, he was a management consultant at Oliver Wyman. Karn holds a Bachelor of Commerce from Queen’s University and a Master of Finance from MIT, where he attended as a Fulbright Scholar. He is also a Y Combinator fellow and alumnus.
Karn Saroya is the CEO and cofounder of Cover, which was in the YC Winter 2016 batch.Cover is a nationally licensed insurance brokerage. You can use their app to take a picture of property you want to insure and they’ll connect you with their insurance partners so that you can get the best price and coverage.You can find Karn on Twitter at @karnsaroya.The YC podcast is hosted by Craig Cannon.***Topics00:36 - Karn’s intro01:01 - Using computer vision to identify and catalogue property2:28 - How Karn ended up starting Cover3:48 - Being a maker vs. an advisor5:58 - Stylekick, Karn’s previous startup9:28 - Joining Shopify10:08 - How the idea for Cover happened11:58 - The capital-light way to start an insurance business16:28 - Underwriting17:58 - Lead generation20:18 - Product development21:28 - Buying Cover.com for $750k24:53 - Being engaged to a cofounder28:43 - Managing two offices and cultures30:58 - Being an international founder in YC31:58 - Advice to people in the current batch of YC
Anyone who has been keeping an eye on the InsurTech space will be aware of a lot of activity around digital disruption, and especially within distribution. Many InsurTechs are seeking to disrupt how products are sold and how customer relationships managed. InsurTech Bytes spoke to one disruptor, Karn Saroya, CEO at Cover, about why distribution is the lifeblood of insurance.
In today’s episode we speak with Karn Saroya, CEO of Cover – a California-based Insurtech reinventing the insurance front-end through mobile video and computer vision. Karn, fresh off a previous venture in online fashion, explains how world-class User Experience (UX) can be every bit as transformative in insurance as in other consumer industries like e-commerce.
In this episode of Profiles in Risk, I spoke with Karn Saroya, Co-Founder and CEO of Cover, an insurtech company whose primary product is a mobile app in which you can take a photo of a personal belonging, submit it to Cover, and Cover will find a market for that item. Karn is a serial entrepreneur who came into insurance from the fashion & marketing side of business. We discuss what lead him to get excited about insurance and what it takes to make a successful company from a startup. Karn & Cover are highly customer focused, which is refreshing and Cover is definitely exploring different ways to build a new insurance business model. CONNECT WITH KARN SAROYA LinkedIn Twitter email
Agency Nation Radio - Insurance Marketing, Sales and Technology
Karn Saroya, co-founder and CEO of Cover, joins Agency Nation for a discussion on what it means to be a technology company first and insurance agency second. Cover, a standout product of Silicon Valley incubator, Y-Combinator, is driving growth through their mobile-first approach to traditional insurance. Cover may be mobile-first, but all measures, a true independent insurance agency and great lesson for all of us to learn just what the customer experience has become in 2017... Get more Agency Nation Radio here: https://www.agencynation.com/podcast
Agency Nation Radio - Insurance Marketing, Sales and Technology
Karn Saroya, co-founder and CEO of Cover, joins Agency Nation for a discussion on what it means to be a technology company first and insurance agency second. Cover, a standout product of Silicon Valley incubator, Y-Combinator, is driving growth through their mobile-first approach to traditional insurance. Cover may be mobile-first, but all measures, a true independent insurance agency and great lesson for all of us to learn just what the customer experience has become in 2017... Get more Agency Nation Radio here: https://www.agencynation.com/podcast