The Asia InsurTech Podcast spoke with Japhire Gopi Kannan, the founder and CEO of Jaguar Transit, an insurtech that addresses the challenges faced by the trillion-dollar cash, gold, and valuables in-transit industry. Combining on-demand insurance, high-security bags, and a risk intelligence technology platform, it offers an innovative approach to in-transit insurance.
Japhire shares the unique process through which he identified his niche market segment and how his business attracted the attention of market chasers. He explains how his company transformed into a platform rather than merely an application, emphasizing that it serves as a single source of truth for security and logistics.
He details the company’s focus on the lower tier of delivery, leading to a global expansion plan that’s underway, with Europe and the US being major targets. Japhire discusses the future of insurance in the US and how it fits into the ecosystem.
The conversation then takes a turn towards the innovative use of telemetrics for car insurance and welfare medical insurance for low-income groups. He notes how technology has significantly transformed the insurance industry.
Japhire provides valuable advice to young entrepreneurs, underscoring the challenges they face in their journey. He concludes with an interesting perspective on overnight success, emphasizing that there’s no shortcut and every success story is a result of continuous struggle and perseverance.
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