Q to publish what you sent me as a blog post, and we'll link to that in the show notes when this comes out. Uh, I just found the whole narrative about how, how an insurance company works under the scenes totally fascinating. So maybe just as a little teaser on stage, What are the three layers of an insurance company, and what do you do versus what do you outsource?
A Yeah, ah, so the, the three layers start with distribution, ah, then you have underwriting, and then you have capacity, right? So the capital to actually pay the claims, you know, when bad things happen. And so, most companies, the vast majority of the industry focuses on one of those layers, right? So distribution is your typical broker, they go to underwriters, and then in the event of a claim, underwriters go to their capacity providers. What's unique about Vouch is that we started off with getting licensed to sell insurance like anybody else, and if we were taking the, like, lean startup methodology, we would've just stopped there, and just sold you guys a Chubb policy, a whatever policy, like anybody else.
AI assessment note: “the three layers start with distribution, ah, then you have underwriting, and then you have capacity”