Mike Furlong is CEO and co-founder of Indio Technologies, a software platform for commercial insurance brokers. He is an entrepreneur whose career spans finance and technology.
Furlong previously started Sliced Investing, an online investment platform focused on streamlining alternative investing. Sliced was backed by leading investors, such as Y-Combinator and Khosla Ventures.
Following Sliced, Furlong was a partner and founder at StratiFi, a fintech company managing more than $350 million focused on providing investment solutions to financial advisers. Prior to Sliced, he worked in sales at Twilio and was an analyst at Citigroup.
There’s a quote attributed to Henry Ford: “If I had asked people what they wanted, they would have said faster horses.” While Ford was speaking about cars, there is still a lesson for the insurance industry. In an increasingly digital world, agencies and the insured don’t need to continue trying to improve outdated coverage processes […]
Many brokers take a generalized approach to their business. In a competitive field, the thinking goes, it’s best to be able to cover as many industries as possible. However, this line of thinking may be doing more harm than good, as specializing can in fact greatly improve business as a broker. Specializing within one industry […]
When is the last time a P&C insurance application or renewal was a simple and comprehensive process? Chances are the applicant spent hours going through extensive and repetitive paperwork, much of which was the same information that was provided last year. The insurance agent likely spent an equally lengthy amount of time reviewing, reminding and […]
Venture capital money has poured into insurance technology to the tune of more than $3 billion in the last 18 months. Much of this capital has financed companies founded under ambitious missions and goals: “It’s a digital-first, direct-to-consumer agency — we’ll be a carrier in 18 months.” “We’re a mobile-first, full-suite personal insurance shopper.” “We’re […]