Exponential Wisdom

Episode 68: Flipping the Insurance Industry

April 7, 2019 by exponentialwisdom

Peter and Dan talk about the history of insurance, and why this age-old industry is ripe for disruption. They discuss which exponential technologies will help inefficiencies and the new business models they see in the near future.

 

In this episode:

  • Peter believes insurance will start to disappear for most people as tech companies begin covering costs (i.e. autonomous car companies like Waymo offering free insurance to their riders).
  • Dan talks about how AI will disrupt the middleman. He outlines a future scenario in which most individuals will purchase life insurance from a robot online, because the process will be that instant, easy and accurate.
  • Peter and Dan discuss how insurance companies should flip the business model from retrospectively protecting from risk to proactively protecting you from risk. This would force insurance companies to keep customers alive longer to retain their business.
https://media.blubrry.com/exponentialwisdom/p/content.blubrry.com/exponentialwisdom/ExponentialWisdomPodcast_EP_68_Flipping_the_Insurance_Industry.mp3

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Filed Under: Podcast Episodes Tagged With: ai, auto, autonomous cars, car, car insurance, disrupt, home, insurance, insurance agencies, life, middleman, waymo

Episode 46: Preparing for the Transportation Shakeout

November 17, 2017 by exponentialwisdom

Peter and Dan discuss the latest technologies in the transportation industry. Electric autonomous cars, Virgin Hyperloop One, flying vehicles like Airbus and Uber Elevate, and Elon Musk’s Boring Company and SpaceX rockets.

 

In this episode:

  • Peter compares today’s (2018 – 2022) transportation transition to early 20th century history, when mass-produced cars started to outpace the horse and buggy in 1908.
  • Dan gives an example of the early adoption of autonomous elevators having an effect on the retail industry. Peter summarizes the implications of “car as a service,” which he believes will be 5-10x cheaper than owning a car because of the loss of car insurance, fuel, parking lots, not to mention fewer car accidents.
  • Peter gives an update on Virgin Hyperloop One and a few companies creating autonomous flying vehicles. How does this change where you live? Where you work? As transportation becomes more agile, faster and cheaper, Dan and Peter discuss why humanity will spread out.
https://media.blubrry.com/exponentialwisdom/p/content.blubrry.com/exponentialwisdom/ExponentialWisdomPodcast_EP_46_Transportation.mp3

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Filed Under: Podcast Episodes Tagged With: automobiles, autonomous, car, cars, electric car, flying vehicles, spacex, Transportation, Virgin Hyperloop One

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