EP 29 – Jay Weintraub – co-Founder & CEO InsureTech Connect – Learn To Speak Incumbent

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Michael Waitze has been podcasting with some of the best investors and business builders globally and discussing all things startup with them from an Asian perspective. Michael worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley, and Goldman Sachs, primarily in Tokyo. Michael always maintained a particular focus on how technology could be used successfully to make businesses more efficient and to drive P/L growth. Michael is quite skilled at connecting people and capital to innovative ideas and is a trusted advisor to both investors and founders. Michael is a leader in the digital media space, having pioneered the concept of a podcast network in Asia while building the biggest and fastest-growing listener base in the region. His flagship website, AsiaTechPodcast.com, has listeners in over 100 countries and is available on virtually every podcast player that supports RSS feeds.

In this episode, Michael Waitze spoke with Jay Weintraub the Co-Founder and CEO of InsureTech Connect. InsureTech Connect was founded in 2016 to bring InsureTech entrepreneurs and startups together. Jay was born in Texas and studied Psychology at the University of Pennsylvania. Jay has always had an entrepreneurial spirit, founding, among other things,  companies such as Grow.co and HR Transform

He speaks about how he originally met Caribou Honig, his InsureTech Connect co-Founder. Michael asks him how they managed to grow so big, so quickly in the last 3 years. While Jay mentions that hard work is essential, he also notes that good timing, a passion for the insurance business and the real desire to help people connect is key.  The conversation moves on to why Asia is the market of the future. Jay discusses an interesting experience he had in Shanghai at an insurance event with Ping An Insurance in 2016.

Michael and Jay discuss the difference between the US market with all his states and their own laws and regulations and the Asian countries which are all different on their own. He touches on his prior companies Grow.co and HR Transform and how his experiences in building those businesses helped him scale InsureTech Connect. The inevitable topic of alternative distribution came up as well.

Listen all the way to the end to find out why we call this episode, “Learn To Speak Incumbent.”

Other companies mentioned in this episode:

GoJek, CBIRC, Grab, Tokopedia, Lazada, and Alipay

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