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Run Time: 23:37
in On Point

Engaging with All Players

Is it possible for an insurtech to take a page from Switzerland – able to engage with any technology platform, including legacy carrier systems and competing agency management systems? Yes, says Marc Still, an investor and CEO of AVYST. The firm is dedicated to cleaning up haphazard and slow policy submissions, benefiting agents, brokers, MGAs, wholesalers, carriers – as well as the customer, who is frustrated with slow, repetitive processes as well. AVYST is "trying to put insurance back into insurtech," says Marc. "We're not about disrupting anybody. We need to address the legacy systems out there. You have to connect all those data points in an efficient way, and it doesn't matter if you have the fastest API in the world. Two companies each own 40% of the agency management system marketplace – but they're not innovators. It's really important we partner with those folks so we can deliver products." Listen to this recording as Marc, a Wall Street veteran, outlines why the insurance industry is an attractive investment.

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