• Partnering with WithCoverage: Insurance As It Should Be JD, Max, and their team are breaking the scaling laws of risk management. • As the old saying goes, insurance is bought not sold. • businesses alone spendhundreds of billionson it each year, yet the details go unnoticed. • Coverage is understood as “the cost of doing business” while many companies go without the protection they actually need. • In a market that still runs on emails and PDFs, customers have nonetheless come to expect that their premiums will increase every year. • And business owners also accept, or simply don’t know, that commissions-often as high as 30%-incentivize brokers to sell them expensive policies that too often don’t actually mitigate the risks they face.
Article Summaries:
- Partnering with WithCoverage: Insurance As It Should Be
WithCoverage, founded by JD Ross and Max Brenner, is reshaping U.S. business insurance by applying AI to conduct comprehensive risk audits. The platform replaces manual broker processes-emails, PDFs, and high commissions-with a digital interface that identifies coverage gaps and potential savings, often up to 30% of a company’s insurance spend. Early customers report significant cost reductions and improved claim experiences. The firm has secured Series B backing, led by Keith Rabois, and positions itself to scale personalized risk management beyond the Fortune 2000, aiming to make thorough insurance audits accessible to all businesses.
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