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MGA Founders Podcast


Aug 2, 2022

In this episode of MGA Founders Podcast, Socotra CEO Dan Woods chats with Andrew Jernigan, CEO of Insured Nomads, a company whose mission is to make travel as safe and smart as staying at home. 

 

Andrew talks about how his early travel experiences ultimately inspired him to start Insured Nomads (1:20), what he was doing before he got into insurance (3:12), and what initially motivated him to get into insurance (4:10). 

 

Andrew and Dan go on to discuss the first product Andrew started with (5:27), the business opportunity with telecoms in the African market (7:30), Insured Nomads’ distribution hook (9:20), and how Andrew is planning to expand Insured Nomads’ product offerings (12:50). 

 

Andrew then shares his thoughts on travel technology and how it relates to Insured Nomads’ products (15:00), a new acquisition (15:55). and the wild journey of starting a travel insurance company just before the start of a global pandemic (22:30). 

 

Andrew discusses why late June is actually a good time to raise money (23:30), some of the things that make Insured Nomads unique (29:01), the lessons he’s learned on his journey (32:56), and some of his favorite places to travel and live (34:41).

 

This podcast is brought to you by Socotra, the modern core platform bringing unparalleled speed and ease to insurance technology. With Socotra, global insurers and insurtech MGAs can accelerate innovation, reduce costs, and improve customer experiences. Visit socotra.com/mga to see why more insurtechs trust Socotra than any other core platform.