YouTube
Spotify
Amazon
iHeart
Apple
Sidd Gavirneni
Hosts James Benham & Rob Galbraith are joined by Sidd Gavirneni CEO & Co-Founder of Zeguro. James, Rob & Sidd discuss the in and outs of Cyber Insurance and Cyber Security.
The full episode
The whole conversation, straight from the show feed.
INTRO
On episode 24 of the InsurTech Geek Podcast, talking about CyberInsurance and CyberSecurity with Sidd Gavirneni from Zeguro.
INTERVIEW
JAMES: You know there's songs about summertime. And I am convinced they were written by people who did not live in the South in the summer. You know what I mean? Summertime… It is like, that was not written by a southerner. Because a Southern was just saying, how do I get out of the heat, right? They are not singing songs about summer, right, Rob? I mean, come on.
ROB: Yeah. So, I grew up in Michigan. A lot of our listeners know that, and I was always outside every day during the summer, right. Because summers in Michigan are beautiful, but they last for two months in the winters last six months. And when I moved to Texas, in the middle of summer, I would be like laying down in the grass. People are like, what are you doing? It is a 100 degrees. You got fire ants everywhere, like this is not the time to by laying on the ground. So, it has taken me years, but, yeah, like spring and fall, like those are the times that I am out like early morning or late evening and the summer is not bad either, but yeah. During the day, definitely stick it inside in the heat of Texas.
JAMES: Yeah, just not right now. That is the thing. Not right now. Now I will say of course, I bail out on the Texas heat, Rob and I have the Michigan, Texas connection. He was born in Michigan. I married into Michigan. But I come up here in the summertime. I am up here, and it is 74 today. It is nice and there is no fire ants. They do not have a concept of fire ants. It is hilarious. People walk around barefoot on grass here all the time. In Texas that is a death sentence. You cannot do that there. It is wild. Now, I do not know. Now, we have a guest here. who grew up in a small village of India? Not so small village of 8 million people. Sidd Gavirneni, how are you doing today?
SIDD: Alright, I am doing fantastic. Enjoying the summer here in San Francisco.
JAMES: Well, San Francisco is pretty nice in the summertime. I mean, it can get cool and foggy.
SIDD: Yeah, exactly. And then you see all of the tourists from Europe in their shorts and t-shirts lining up outside Uniqlo trying to buy a jacket. That is summer.
SIDD
JAMES: Yes. But the starter comes for free. So, I can at least scan one app, get security training for 10 team members, have some policies, and add my own stuff and get the town. It is a compelling offering. I am excited. So, where are you at and where are you going? Like roughly, whatever you can tell me. I do not want to, obviously, whatever you are comfortable saying. How many policies do you have? Where do you want to go?
SIDD: Yeah, I can't give you all the numbers, but yeah, we have been writing insurance for 18 months in all 50 States and DC, except for the last two weeks as for the next two weeks as I mentioned, but, we have quite a few policies in the market. No losses yet. But that is the goal here, right? For just to keep the loss ratios low. And you will see some more announcements in the next few weeks, which I cannot talk about right now.
JAMES: Oh, you do not want to do an announcement on the podcast? Come on budd!
SIDD: I should have waited for two more weeks for the Podcast.
JAMES: Yeah, I can embargo this thing for two weeks so we can do it then. Oh, that is awesome. Well Sidd, it has been a really great discussion. I know I tend to dive down the technology rabbit hole. That is who I am. But I appreciate your willingness to dive down there with me and talk about it. Digital MGA's, really, we certainly have talked to a lot of technology service providers that provide technology services for traditional companies, but there's a whole other half pool that Rob and I talked to and that's companies that decided to bypass being a service provider and just being an insurance company. And it is really exciting to see what you are doing. We wish you absolute a ton of success. I am excited that you are in the market. Excited you are doing what you are doing. If you wise up like so many other hundreds of thousands of Californians and decide you want to come not pay state income tax and move to the state of Texas just let us know.
SIDD: It is a very, very tempting deal so far. And that is definitely on top of the list!