In today’s episode of Agents Influence podcast, host Jason Cass interviews Chris Cheatham, the CEO of Risk Genius. Chris talks about the importance of knowing your policy coverage, Covid-19 coverage concerns, litigations, and social inflation. Chris also shares what made them build the algorithm, and how Risk Genius can help with technology and automation. Episode Highlights: Jason Cass introduces guest Chris Cheatham. (1:01) Is Chris an Android or an iPhone user? (2:27) What was the last app that Chris downloaded? (2:35) Does Chris love to win or hate to lose? (5:35) What does Chris attribute to his success, skill, or luck? (6:06) Chris shares his background story and the secret of his success. (8:22) Chris tells a story about the carrier who wants to use their software for policy review and checking. (13:49) Chris explains why they develop algorithms that understand General Liability policies. (18:29) Chris states that he was not necessarily an insurance expert when he started. (18:55) Chris shares that it took five years to figure out how they continuously add different lines of business for carriers. (19:26) Chris speaks about the greatest coverage crisis in the history of insurance. (20:53) Did anybody find out that there was actually COVID coverage? (21:56) Chris talks about social inflation. (28:57) Chris shares that Warren Buffett came up with a letter to the shareholders in 1975. (29:02) Chris says that some states are looking to create immunity for businesses that open up like nursing homes. (37:56) Chris states that policy checking will become even more vital going forward. (44:31) 3 Key Points: The idea of Risk Genius for developing the algorithms was if somebody would upload a policy, there would be a checklist of clauses they need to review.

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