35 min listen
RHS 086 - Steve Lekas on Why Insurance Needs Another Startup Carrier
RHS 086 - Steve Lekas on Why Insurance Needs Another Startup Carrier
ratings:
Length:
61 minutes
Released:
Jan 28, 2021
Format:
Podcast episode
Description
In the latest episode of the Ryan Hanley Show, host Ryan Hanley interviews Steve Lekas, the Cofounder and CEO at Branch Insurance. Steve talks about what led him to love the insurance industry and shares three insights on creating real value for consumers.Episode Highlights:
Steve shares why the mutual should have been the perfect insurance model. (7:00)
Steve mentions what led him to love the insurance industry. (14:32)
Steve shares his background. (16:34)
How did Steve come up with the name for his agency? (19:31)
Steve shares the three insights that led him to start an agency. (22:12)
What makes Branch different from any other agencies? (26:33)
How was Steve able to piece it together, when everyone else has not been able to? (35:19)
Steve mentions what has been fascinating and exciting for their agency. (36:53)
What does the future of working with independence look like for Steve? (52:44)
Key Quotes:
“Part of how we built this idea of community is with some real product innovations, and how the community can benefit each of the members. And I love the metaphor of a tree creating coverage, I love that it grows, and it was a name that ended up sticking, as we incorporated and went to market.” - Steve Lekas
“I think we come at it from a little bit of a different angle because of the experience of working with consumers and understanding their buying, and shopping behaviors. And architecting a business that was built to solve the problems I couldn't solve in some of my past lives.” - Steve Lekas
“I think our mission is to make insurance less expensive, and by making it less expensive, we can help more people be insured, which we most explicitly go after through our nonprofit arm safety nest.” - Steve Lekas
Resources Mentioned:
Agency Intelligence
Reach out to Ryan Hanley
Steve Lekas LinkedIn
Branch Insurance
Advertisers:
Tarmika
We Got Your Podcast
Learn more about your ad choices. Visit megaphone.fm/adchoices
Steve shares why the mutual should have been the perfect insurance model. (7:00)
Steve mentions what led him to love the insurance industry. (14:32)
Steve shares his background. (16:34)
How did Steve come up with the name for his agency? (19:31)
Steve shares the three insights that led him to start an agency. (22:12)
What makes Branch different from any other agencies? (26:33)
How was Steve able to piece it together, when everyone else has not been able to? (35:19)
Steve mentions what has been fascinating and exciting for their agency. (36:53)
What does the future of working with independence look like for Steve? (52:44)
Key Quotes:
“Part of how we built this idea of community is with some real product innovations, and how the community can benefit each of the members. And I love the metaphor of a tree creating coverage, I love that it grows, and it was a name that ended up sticking, as we incorporated and went to market.” - Steve Lekas
“I think we come at it from a little bit of a different angle because of the experience of working with consumers and understanding their buying, and shopping behaviors. And architecting a business that was built to solve the problems I couldn't solve in some of my past lives.” - Steve Lekas
“I think our mission is to make insurance less expensive, and by making it less expensive, we can help more people be insured, which we most explicitly go after through our nonprofit arm safety nest.” - Steve Lekas
Resources Mentioned:
Agency Intelligence
Reach out to Ryan Hanley
Steve Lekas LinkedIn
Branch Insurance
Advertisers:
Tarmika
We Got Your Podcast
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jan 28, 2021
Format:
Podcast episode
Titles in the series (100)
RHS 003 - God Will Not Have His Work Made Manifest by Cowards: In the first solo episode, Ryan Hanley digs into the reason this podcast exists and what listeners should expect moving forward. Get more: https://ryanhanley.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices by The Ryan Hanley Show