Insurance Industry News & Views - June 16 2021
Bob Frady is CEO and Co-Founder of HazardHub, a leading supplier of geospatial risk data to speed the awareness and underwriting of hazard risks for personal and commercial property insurance. HazardHub translates huge amounts of geospatial digital data into easy-to-understand answers that are used by carriers, MGAs and partners to make real-world decisions. We caught up with Bob to ask a few questions about insurance innovation, the ‘API-fication’ of insurance, and how new sources of data are transforming the way commercial insurance companies assess risk and serve their customers.
Bob, prior to founding HazardHub, you had a successful career outside the insurance industry with leading brands like Live Nation, Expedia, and Zeeto Media. What led you to insurance?
I actually started in the insurance industry in the mid-90s. I worked for a company called National Decision Systems and they needed someone to try to sell to insurance companies in Boston. I’m from Boston, so I was nominated. Bingo! I’m in the insurance business. Liberty Mutual was my first customer. They were awesome and taught me a ton. Since that time, I’ve zoomed in and out of the insurance industry. Sometimes on the marketing side, sometimes on the underwriting side. I think the skills I’ve learned outside of the insurance industry have really beneficial to our work here at HazardHub.