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ITA Pro Weekly, April 04, 2019

ProSight "Effortless" Insurance, A Preview of Keynote Speaker Martha Notaras at ITA LIVE 2019, and a LOT more news from ITA

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ProSight Direct Offers “Effortless Insurance for Today’s Professional”

ProSight Specialty Insurance, a leading specialty insurance company, today announced a significant expansion of its ProSight Direct digital platform that makes the insurance experience effortless for today’s professionals. This extensive launch offers over 20 new classes of independent professionals access to customized coverage through a simple online platform, adding to ProSight Direct’s existing offerings for DJs, fitness instructors and wellness specialists.
ProSight Direct’s platform offers a modern approach to insurance, with custom policies, instant access, and dedicated online support. And, unlike many online commercial insurance brokers, ProSight Direct customers deal with the same company that will take care of their claims, instead of being handed off to another company that doesn’t understand their needs.

“Today’s professional has come to expect an incredible online experience from their financial services providers, but the insurance industry just hasn’t kept up” said Darryl Siry, President of ProSight Direct. “ProSight combines the security and service of a real insurance company with the online capabilities and ease of use of a modern tech company, making the whole experience effortless for our customers.” 

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Martha Notaras: The "Outsider" with an
 Amazing Inside View

Editor's Note: Martha Notaras is a partner with venture capital fund, XL Innovate. She is one of three keynote speakers at ITA LIVE 2019. Her presentation, titled "Insurtech: Past, Present and Future,” is scheduled for 5:15 p.m. on Sunday, May 5, 2019. This is an excerpt from an article that appears in the March/April edition of ITA PRO magazine, due out shortly.

From an insurance perspective, Martha Notaras considers herself the ultimate “outsider.” Her background is not in personal lines insurance, commercial lines insurance, any insurance at all. 

It’s her investment acumen and expertise – acquired over 25 years of investing in tech-driven companies -- that gives her insight on what is truly happening in the business world. And it offers a unique viewpoint on the whole insurtech revolution.

Her early career included investment banking at Merrill Lynch and commercial banking at Credit Suisse. Her “insurance” career started at the Daily Mail and General Trust PLC, where she was involved with business data and analytics. She invested in 20 companies during her time there; two of those investments achieved valuations over $1 billion. The portfolio was so small that “it looked like a rounding error on the income statement.” That small portfolio grew to represent 20 percent of the top line at the Daily Mail and even more
 of the bottom line.
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