Will Ross, CEO of Federato: Why Layering AI on Legacy Systems is Holding Insurance Back

JUN 1, 202632 MIN
The Leadership in Insurance Podcast - Insurtech & Innovation

Will Ross, CEO of Federato: Why Layering AI on Legacy Systems is Holding Insurance Back

JUN 1, 202632 MIN

Description

<p>&nbsp;This week, host Alex Bond sits down with Will Ross, co-founder and CEO of Federato β€” the AI-native core platform transforming the full insurance policy lifecycle, from underwriting to claims and billing.</p><br><p>Will and his Stanford AI research co-founder built Federato on a simple but bold premise: AI should support high-value human decision-making, not just cut costs. And they're putting that conviction to the test.</p><br><p>In this episode, Alex and Will discuss:</p><br><p>πŸ—οΈ Why legacy "old core" insurance systems can't be fixed by bolting AI on top and what a genuinely AI-native alternative looks like</p><p>πŸ“ˆ The results that speak for themselves: one client saw a 2.2x increase in quote volume, an 89% reduction in time to quote, and improved high-appetite risk selection from 1 in 10 to 6 in 10, all within 90 days</p><p>πŸ’° Why Federato raised $100 million in Series D funding from Goldman Sachs even though they didn't need the capital</p><p>πŸ”„ How the conversation around AI in insurance has evolved from cost-cutting to genuinely transforming outcomes</p><p>🀝 Why Will believes in being radically honest with clients about the scale of change required and why that's built trust rather than lost it</p><p>This is a conversation about what it really takes to modernise insurance from the inside out and why incremental change isn't going to cut it.</p><p><br></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>