A Consumer Perspective Global Insurance Summit Jeff Smedsrud
A Consumer Perspective Global Insurance Summit Jeff Smedsrud April 24, 2019
About Jeff Insurance disruptor Investor in Insurtech Involved in healthcare reform
Key Challenges in U. S. Market Misalignment of Incentives The Popcorn Girl & Million Dollar Man ● Claims in excess of $2 M and growing by CAGR of 25% Rational Discussion on Rationing Confusing Messages From Washington, D. C.
Responsible How to engage individuals Renewable How to keep all people insured nearly all of the time Rewards How to create rewards for responsibility and renewability The New 3 R’s
Interesting Companies Reinventing Insurance
2019 Deadlines and Legislation Partial Government Shutdown Ends Jan 25 CR Expires Feb 15 2019 Jan Feb Mar Toda y Apr May Jun Jul May 31 Aug Sep National Flood Insurance Program Authorization expires Mar 2 ACA Taxes (Device, HIT) reinstated Dec 31 End of FIscal Year Sep 30 Debt Limit Applies. Treasury can use extraordinary measures to avoid default for about 6 months Oct 1 Nov Dec 2019 Budget Caps Apply ($125 billion impact)
After 2020 ● Risk selection in an age of reinvention ● Social and political stigma ● $25, 000 deductible insurance … Yes or no? ● Airbnb, Ants, Aliera ● Is winter coming or a new spring emerging? ● Pollsters, Pundits & Politicians Are people being heard?
Thanks! Contact: Jeff Smedsrud jeff. smedsrud@pivothealth. com 612 -801 -8505 www. pivothealth. com
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