Ep 272: Driving Growth with Innovation: Great American's Sara Phillips on Federated Models, A.I., and Partnerships

FNO: InsureTech

On this episode of the FNO: InsureTech Podcast, host Rob Beller welcomes Sara Phillips from Great American Insurance Group onto the show to discuss her pivotal role in new revenue, strategic acquisitions, and partnerships. Sara delves into how the organization maintains a federated model with 36 divisions, each operating with significant autonomy, while integrating innovative insuretech solutions to drive growth. This episode offers unique insights into navigating strategic investments and partnerships within the insurance industry and beyond.

Key Highlights

• Sara Phillips explains her diverse role involving new revenue streams, strategic acquisitions, and partnerships at Great American Insurance Group.
• Exploration of Great American's federated model, which includes 36 divisions operating with distinct autonomy.
• Insights into how the insurance marketplace is adapting to changes in valuation swings and strategic conversations.
• Discussion on the importance of strategic investments in fostering partnerships with InsureTech companies.
• Anticipation of the role of AI and generative technology in transforming insurance operations in the coming years.

Quotes

• "Insurance companies should be well positioned to assess young companies and the risk there." – Sara Phillips
• "The next five years is going to be, especially with AI kind of folded into the mix, a really interesting time." – Sara Phillips