Spot On Insurance Welcomes Dr. John Wales

Successful insurtechs create a harmonious whole from the diverse skills and mindsets of their team members, balancing tech expertise and relationship building.?So who better to explain how to do just that than Dr. John Wales, who has enjoyed successful careers in both the insurance industry and music education?

John is the General Manager at CoverWallet for Agents, which was recently acquired by Aon.?The company offers an easy way for small and medium-sized businesses to understand, buy, and manage their commercial insurance coverage.?John is also the owner/principal of an independent insurance agency, Wales Insurance Services.?He formed the agency after discovering the unscrupulous practices of his own insurance agent.?He also founded Spotlight Music, which provides affordable arrangements and customizable education programs to enhance public school music education.

He explains that writing commercial insurance policies the “traditional” way is a time-consuming process.?That labor cost can quickly eat up the profit on a policy for a small or medium-sized business.?By harnessing real-time carrier integrations and data analytics, CoverWallet transforms the process into an online experience so intuitive that insureds can often handle their own needs.?The company recently added surplus lines to its scope of services.?CoverWallet also partners with Axis Capital to offer a custom cyber insurance product for its target customers.?At a time when 43% of cyber losses happen at smaller companies – who often can’t afford the loss – that’s an invaluable service!

To connect with Dr. Wales directly:

→ LinkedIn: John Wales , CoverWallet

→ Twitter: CoverWallet

→ Facebook: CoverWallet , Insurance Huddle (group)

→ Website: CoverWallet

And for more great insights from John listen to his Spot On Insurance podcast , Writing & Binding in Under 5 Minutes, releasing on Tuesday, September 7.