Erik is joined on this episode by Karn Saroya (@karnsaroya), CEO of Cover, and Sheel Mohnot (@pitdesi), investor in FinTech.They talk about…* How Karn navigated the idea maze in starting Cover.* The quirks of the insurance market and the real business model of big insurers.* How insurance is comparable to prediction markets.* Their requests for startups in the space, where the opportunities are, and what to stay away from.* Why there has been a trend towards specialty insurance.* How companies are using new sources of data to make underwriting decisions.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.Venture Stories is brought to you by Village Global and is hosted by co-founder and partner, Erik Torenberg, and the show is produced by Brett Bolkowy.