RHS 120 - David McFarland on Why Speed, Simplicity & Service Win Small Business Insurance

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Speaker 2 In a crude laboratory in the basement of his home.

Speaker 6 Hello, everyone, and welcome back to the show. Thank you for being here.
I love you for being here. We have an absolutely tremendous guest today.

Speaker 6 It is David McFarlane, the founder and CEO of Codery Insurance. Now you've heard Coderinsurance.
You've heard about them from, I'm sure, many of the things they're doing.

Speaker 6 And maybe you see some of their LinkedIn posts and you probably heard me read some ads for them and stuff, talk very highly about them. We don't talk about Codery.
a ton in this episode.

Speaker 6 We do a little.

Speaker 6 But more what I wanted to learn about was David's experience essentially founding an insurance carrier and why he did and what he has to think about. And

Speaker 6 I just think this is, I think it's a wonderful episode. I had so much fun.
I've known David in the past before he started Codery. I think just this is a smart dude doing really smart things.

Speaker 6 And remember, remember when I told you we had Stephen Lakis from Branch on? Like, and I just said in the intro, I think I just said, like, this is a dude that just freaking gets it.

Speaker 6 Like, this is an insurance guy. Branch is doing amazing things.
You can go back and listen to that episode. I have no idea what number it is.
David is cut from the same exact mold.

Speaker 6 Like, this is an insurance guy through and through, understands our business, who's incredibly smart, hardworking, and is changing the game.

Speaker 6 And those are all things that we can take and dissect and kind of pass through our own filters and apply in our own business. And it's why I love having guests like David.

Speaker 6 But before we get to David, just want to say thank you for listening. Said at the beginning, subscribe if you're not subscribed.
That helps push our numbers up and my ego. Love that.

Speaker 6 And then I get to rub it in Caruthers' face and Cass's face and Bradley and Scott's Scott's face when my numbers are bigger.

Speaker 6 Because, you know, what don't we love more than smushing our success in our friends' faces?

Speaker 2 I'm joking. Only a little bit.

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Speaker 6 Every single person that I've personally referred over has worked with McConnell, every single one, because his team, what they're doing, their method is that good. All right, guys,

Speaker 6 let's get on to David McFarlane.

Speaker 2 Hey, Ryan.

Speaker 7 What's up, man?

Speaker 2 How's it going? I'm going good, bud. Good, good.

Speaker 7 How you doing?

Speaker 2 I'm doing well. It's been

Speaker 2 a pretty good week, so can't complain too much. Yeah, that's a good thing.

Speaker 7 just talked to your buddy Ray last week. And we had a, we had a cool, we had a good kind of high level discussion on a lot of things.
And I'm looking forward to kind of

Speaker 7 maybe going a little deeper and maybe a little nerdier with you. So this will be fun.

Speaker 2 All right. I'm in.
Cool.

Speaker 7 Cool. I, you know, I think, I think

Speaker 7 one of the things that

Speaker 7 I think a lot of people who are in insurance know the term, but don't necessarily have any clue clue what they actually do.

Speaker 7 You were in a previous life, the chief actuary at Clearcover.

Speaker 2 What the heck is an actuary? What the heck do they do?

Speaker 7 Because, you know, I mean, everyone, you hear insurance people spout off about actuaries all the time, but I'm like, you don't even know what those people are doing.

Speaker 7 You've never even met one, most likely. So talk to me a little bit about like the super hyper nerdy side of our business and

Speaker 7 just, you know, kind of get into, I want to start there.

Speaker 2 Yeah, happy to.

Speaker 2 So I actually had no idea what an actuary was when I set out to become one. I was

Speaker 2 I was a

Speaker 2 math major, but even that was a little bit odd. So

Speaker 2 I was a history major and then I switched to math in like my junior year. And so I just had to figure out how to get done as soon as possible.
And there were two tracks.

Speaker 2 And I just said, put me on the one that makes me graduate soonest. And that was the actuarial track.
And again, didn't know what that word meant.

Speaker 2 And then one of the girls who was in my class, she asked me, she goes, are you studying for the actuarial exams? I was like, of course I am.

Speaker 2 And that's how I became an actuary. So

Speaker 2 I'm not kidding at all. And

Speaker 2 I ended up knocking out the first couple of actuarial exams. I got a job at the National Council on Compensation Insurance.

Speaker 2 I guess that's really where I first kind of realized what an actuary was because I was doing the job. And what we do

Speaker 2 is we

Speaker 2 like really succinctly, we quantify risk.

Speaker 2 So risk is this abstract idea, right? Like that we generally don't want. Sometimes we do want it, but it's something that people are willing to trade away.
in exchange for something else.

Speaker 2 So like insurance is really the

Speaker 2 market for selling risk, right? Like I don't want this risk. I selectively say, I will trade this risk for something else.

Speaker 2 Usually it's in the form of like, you give someone money to take your risk, right? You give the insurance company money to take that risk.

Speaker 2 But the people who find out how much money that should be, that's what the actuaries do. And now that's generally like a rate-making actuary.
Then there's reserving actuaries.

Speaker 2 But even reserving actuaries are using mathematical concepts and models to figure out like how things are going to develop over time and understand the cash flows.

Speaker 2 So that's that's generally what actuaries are doing.

Speaker 7 Is it fun

Speaker 2 if you like solving problems with math? It's very fun.

Speaker 2 So I really liked it. At CCI, one of the things that I did was I did legislative pricing and analysis, which just sounds totally boring,

Speaker 2 but I geeked out on it because we had tons of data and I would come into my cube, right?

Speaker 2 And I would have an email that basically had hundreds of pages of legislation saying, this is what we want to do to the Louisiana workers' comp system. Figure out how this is going to impact things.

Speaker 2 You literally have to read through, figure out what's changing, and then you pull all of this data and you just have like a real life math problem

Speaker 2 of

Speaker 2 How are people in this state and the employers going to be impacted by this change in workers' comp? We're going from employee choice to employer choice.

Speaker 2 So we're going to increase our compensation rate from 55% to 66 and two-thirds. Like all these things.
It's a really neat, it's a really neat job. Yeah.

Speaker 7 That's interesting. You know, it's funny you're talking about being a math major.
I was also a math major. Nice.
I also became a math major by walking into my,

Speaker 7 you know, counselor's office or whatever in college and was like, what allows me to graduate on time?

Speaker 7 I have a feeling my reasons for becoming a math major last minute were different than yours. I was, I was a, uh, a failed engineer.
My experiment into engineering failed miserably.

Speaker 7 And I literally walked in and said, hey,

Speaker 7 I don't want to have to come back here for another year, nor can I afford that. So where, how do I course correct and graduate on time?

Speaker 7 And they're like, you have to take like double courses and, but, you know, they like, they basically etched out this path and it was math. And that was it.
That was the only thing I could do.

Speaker 7 And that's how I became a math major.

Speaker 2 So you were taking, you know, like 20 plus hours a semester trying to cram it all in. Yes.
Yeah.

Speaker 7 Also, also had a female who was,

Speaker 7 um,

Speaker 7 you know, that I didn't mind hanging out with, who was taking math class at the same time that I was like, I could do this.

Speaker 2 Like, what classes are you taking?

Speaker 7 I'm going to take, you know, hey, what's on your syllabus this year or whatever? It's funny how we, and you know, and then that decision like course corrects your life.

Speaker 7 And here's how you're making it. You know what I mean? Like out of desperation and using the wrong brain and all that kind of stuff.

Speaker 7 Um,

Speaker 2 it's amazing how we're motivated.

Speaker 7 It's funny how

Speaker 7 it, I shouldn't say funny, our industry is so

Speaker 7 compartmentalized in many ways, right?

Speaker 7 You have the sales arm gets so much attention, marketing, you have the manufacturing piece with carriers, and even inside of that, you have underwriting, you have, you know, the actuarial piece, you have the claims piece, and so much, so many aspects of our business just simply do not interact, do not understand each other, oftentimes have very little respect for each other,

Speaker 7 certainly don't always have the best working relationship with each other.

Speaker 7 Having now jumped from being in the actuarial side, one of those kind of compartments, and moving now into the role of founder and CEO of Codery,

Speaker 7 having a broader view, now you kind of see all these pieces.

Speaker 7 Do you find, you know, how do you navigate some of that? How do you get these departments talking to each other? What are maybe some of the ways that you've operated inside your business to,

Speaker 7 I don't know, solve what seems to be a fairly common problem inside of carriers?

Speaker 2 One thing that we do,

Speaker 2 and it's not unique to Codery, but I'd say it's more on the software side, is

Speaker 2 we create cross-divisional teams to accomplish certain missions. So if we have a particular objective or key result,

Speaker 2 we will put together a group of people who are qualified to tackle this thing. And

Speaker 2 that is their job. And they have to work together.
So it's no longer just an actuary in the back room saying, this is what we should charge, right? Like actuaries, underwriters.

Speaker 2 back-end engineers, front-end engineers, product managers are working together to bring something to fruition.

Speaker 2 And

Speaker 2 that helps in in a number of ways. One, it builds camaraderie across the team.
Two, it makes an autonomous group of people who have the full responsibility of carrying this out. So

Speaker 2 they have the decision-making authority and they have all the resources they need right there. They don't have to

Speaker 2 trek into the other silos and open the door and

Speaker 2 hit the magic button so that people will answer them.

Speaker 2 They can actually work with people in a group that are dedicated to bringing this mission to fruition.

Speaker 2 And And I think what happens is in

Speaker 2 the other world, right, the legacy insurance world is you have all these silos. People don't want to encroach on anyone else's space.

Speaker 2 And so you end up just having more and more separation over time to where you actually, when you want to do something new that requires actuarial and underwriting and engineering to get together,

Speaker 2 there is no relationship of trust or anything there to push something forward. And it's just this kind of

Speaker 2 general agreement to work together and not harm each other rather than like people getting together and having close ties and relationships. Yeah.

Speaker 7 I mean, sometimes people are literally

Speaker 7 physically separated by buildings or even cities.

Speaker 7 You know, I mean, you look at an organization like Travelers and not a knock on them, but they will have entire operations in separate cities from each other for, you know, just, you know, acquisitions and over time.

Speaker 7 And it's just the way that it ends up happening.

Speaker 7 And literally, you're just, you're, you're hundreds of miles away, thousands of miles in some cases away from someone who you may be interacting with on a day-to-day basis.

Speaker 7 And I think in a distributed workforce, that is going to be more and more common. But it does add, especially if you haven't built the culture that you've described,

Speaker 7 it does add to that kind of siloed, compartmentalized nature.

Speaker 7 The other side of it is, and I'm interesting how, you know, just this isn't a question that you will necessarily have an answer to, but I'm interested in what your mind goes. But

Speaker 7 do you think that

Speaker 7 territorial, more compartmentalized nature that traditional insurance tend to find themselves in? I don't want to take a shot at them. I don't mean it to be.
This is all businesses.

Speaker 2 Right.

Speaker 7 Like, I've been here for 10 years. I'm taking care of my family in this job.
I need to make sure that I keep this job. I need to protect my fiefdom.

Speaker 7 I mean, it's kind of a self-preservation thing, too.

Speaker 7 How do you,

Speaker 7 how do you,

Speaker 7 as you grow this company, as you guys guys go from being startup to insure tech, whatever that means, to being a major consistent player in the spaces, as I'm sure your goal is,

Speaker 7 how do you fight against what feels like a very natural tendency, you know, that that

Speaker 7 stag, you know, stagnation

Speaker 7 of an enterprise?

Speaker 7 How do you think you'll approach that?

Speaker 2 I mean, one thing is hiring right. And the second thing is firing right.
And the third thing is fostering the culture that you need. And part of that is hiring and firing.

Speaker 2 So on the hiring side, like you've, you've got to consistently hire bar raisers, right? Like people who are going to be culture and value adds to the company, not

Speaker 2 people who, you know, you, you just, you feel pretty comfortable that they're not going to threaten you. Like hire people who you feel are going to threaten you, right? Like that, that's a good thing.

Speaker 2 And then

Speaker 2 we're big fans of the whole first order negative, second order positive thing at Coterie. In other words, like there are some things that are first order positive, second order negative, like

Speaker 2 which

Speaker 2 eating cake, right? Like tastes delicious, but may not be the best thing for you long term if you just eat a bunch of cakes and donuts, right? I'm not bashing on cake.

Speaker 7 But I'm a big donut guy myself.

Speaker 2 Yeah, I mean, no judgment.

Speaker 2 Or like, you know,

Speaker 2 heroin, right? Like, wouldn't really recommend doing heroin. Maybe great.
Can't say from experience, but long-term, probably not the best effect.

Speaker 2 And that's separate from things that are short-term, negative, long-term positive. Short-term negative things, like saving for retirement, right?

Speaker 2 It stings having to put money away, but long-term, it's going to be really nice when you're able to reap the benefits of, you know, 7% to 10% growth year over year.

Speaker 2 And this applies to how we do things at Coterie in general. Like,

Speaker 2 if there are team members

Speaker 2 that you're concerned about, people who are

Speaker 2 either blocking great people from being hired or creating these little siloed fiefdoms so that they aren't going to be appropriately challenged,

Speaker 2 have that conversation with them immediately.

Speaker 2 Document it. And if it doesn't get resolved quickly, fire them.

Speaker 2 That type of culture is not acceptable.

Speaker 2 And that's

Speaker 2 a lot of times, like we want to just say, well, they're not royally screwing up anything, right? Like let them do their job.

Speaker 2 But those little sideload fiefdoms grow over time and you've got to put an end to them because they just like, you know, this, like we, we've, we've seen what they do, right?

Speaker 2 Like, and you can have lots of talented people in a siloed fiefdom, but it's a siloed fiefdom and you can't get information out of there.

Speaker 2 right like there's no transparency and that lack of communication and lack of cooperation across the the entire organization um it corrupts it and it also shows the rest of the organization that you permit that.

Speaker 2 So other people will start doing it too. And like that, that's that's unacceptable.
So

Speaker 2 we're big fans of helping to foster the environment by hiring the right people and firing the wrong people and

Speaker 2 setting good examples along the way.

Speaker 7 Yeah. This, you know, as

Speaker 7 also someone who has led companies is now building my own, this is

Speaker 7 this is the hardest part, in my opinion, having the vision, piecing the things together, even sales and raising money, which is a pain in the ass, but but but

Speaker 7 hiring and knowing when to knowing how to set those guardrails and goals, and then communicating that, and then ultimately

Speaker 7 letting someone go if they don't hit them.

Speaker 7 This, this is the game because all those plans, all the money, all of it doesn't mean anything if you don't have the bodies behind the scenes to execute the plan. And,

Speaker 7 you know i

Speaker 7 this it's the whole game it's like this i feel like this topic gets a lot of lip service and it really is the whole game and the and the the business owners and the founders and the you know the the the managers the leaders we'll put that that is the broader category who who i have the remote respect for and really uh admire or um are aspirationally want to grow into you know grow to be in a position that they're in this is what they spend like 50 plus or more percent of their time on is this, not in whiteboarding out world domination, which is fun to tweet about, but it's actually on the people and this process.

Speaker 7 And, you know, it, to me, like you can, you couldn't read enough on this. You can't talk to people enough about this topic.
Like, this is the game is having the right people.

Speaker 2 Hunt, I couldn't agree with you more.

Speaker 2 That's why, like, I mean, Starbucks is a coffee shop, right? Like, that is not a unique idea, right?

Speaker 2 Like, there are many, many coffee shops, but Starbucks is an amazing organization because of execution, right?

Speaker 2 Because they've been able to build up a group of people and, you know, a group of stores, right? And run in a way that like that type of scale, it's not because their coffee is exceptional.

Speaker 2 There's lots of other really, really good coffee. But to your point, like that execution of bringing people together, bringing a culture together and building it, that type of scale,

Speaker 2 that's something special. And it's, it's people, right? Like people are the most valuable asset of any organization.

Speaker 2 If you can figure out the, the people side of things, I mean, shoot, you can, you can up a shoe store, coffee shop. It doesn't really matter what it is.

Speaker 2 It's, it's going to, it's going to go decently well. Yeah.

Speaker 7 So on that topic, how do you find,

Speaker 7 what is your method? And don't give away any trade secrets here, but what is your, what do you, what is your method for our space?

Speaker 7 Our space is, is unique in that people inherently hear the word insurance and they're like, nope, I'm good. Now, that's not to say that maybe as

Speaker 7 the industry evolves and now fintech is starting to mash into InsurTech a little bit. And there is a lot more talent starting to look at our space, but it still feels like the.

Speaker 7 And I don't want this to be a knock on anyone who's in our space.

Speaker 7 Obviously, we're both in it, but like there is this lack of just like the most talented people bum rushing, hey, look at all the opportunity here. So you do have to search and work to find people who

Speaker 7 want to really see what we're trying to do. Additionally, I find that,

Speaker 7 and again, a lot of people listening, please don't take this the wrong way. Obviously, I love all you guys, but many of you are corrupted by the traditional way in which insurance has been done.

Speaker 7 And, you know, like

Speaker 7 you look at middle market producers, this is the problem that I have had in general.

Speaker 7 I got very lucky in that the producer I have today or the insurance advisor, he's great. But in interviewing people, I had to deal with a lot of

Speaker 7 anyone who was currently licensed. Uh, they

Speaker 7 all had this delusion of being this chest-thumping LinkedIn middle-market producer who like tweeted about their $500,000 account they just wrote.

Speaker 7 And like, and it's like getting them to think about the way we do business, which is digital. It's, it's, we, we've met two of our like two and 150 customers, we've met two of them in person.

Speaker 7 So, like, it's a whole different way of doing business and thinking about it. And I know what you guys

Speaker 7 don't model as well in some aspects. And

Speaker 7 just how do you start to sell the vision? How do you start? How do you sell our industry? And how do you get people?

Speaker 7 And you can answer these in whatever way you want, but how do you get people to buy into, hey, I know it has always been done this way.

Speaker 7 We're doing it slightly different. And I need you to kind of forget everything you learned in the past.
How do you navigate those things?

Speaker 2 That's a good question.

Speaker 2 Honestly, like

Speaker 2 transparency and just like

Speaker 2 genuine passion for what we're doing kind of shines through and

Speaker 2 at least helps

Speaker 2 alleviate some of the more logical concerns that they have.

Speaker 2 Like, you know, when you see your you know,

Speaker 2 CEO who is, you know, a

Speaker 2 fellow in the casualty actuarial society, like is from the insurance world, knows a little bit about it, get, you know, start nerding out about how tech and data can actually change the space and, you know, change it from like a 55% expense ratio to a, you know, 35 or 30% expense ratio side of things and just buying small commercial in ways that no one else can do, right?

Speaker 2 Like that hopefully gets them a little excited in general.

Speaker 2 It doesn't answer any of their questions of how we're actually going to do it.

Speaker 2 And to your point, they're just, they're just loaded with biases about like, well, this needs to happen, this needs to happen.

Speaker 2 And, like, we, we run into this every, I don't want to say every day, but a lot, where the insurance veterans are like, but what about this and this and this and this and this? I'm like,

Speaker 2 valid concerns. We can figure this out, right? Like, and you gotta,

Speaker 2 we are very stuck in our ways of

Speaker 2 this is how we have always done things.

Speaker 2 And

Speaker 2 you kind of have to like have a little bit of a period, especially with the insurance folks,

Speaker 2 of just like breaking that down and easing them into this idea of like,

Speaker 2 this is a new airplane that we're building. Yes, we're flying it right now.
No, it does not have landing gears or seats or a control mechanism, but it's going to be okay.

Speaker 7 We're building it mid-air, don't worry. Exactly.

Speaker 2 Yeah. There's parachutes.
Well, there's not parachutes, but it's okay.

Speaker 7 We brought the parts, maybe.

Speaker 2 Hopefully.

Speaker 2 Exactly.

Speaker 2 uh and that's i i'll say like that that's that's a challenging part to it and thankfully uh i think that same message message really resonates with people who aren't from the insurance space who are creative and very intelligent passionate because they're just like gun-ho like oh yeah we can totally do this and admittedly like sometimes that creates problems because they'll they'll build things and then it's like oh that we you know you may have missed something there

Speaker 2 uh but even so like this is

Speaker 2 this is a very agile

Speaker 2 world, both agile in terms of the product development, but also in terms of just our ability to move quickly. And we can pretty rapidly fix things with tech, make things right.
So

Speaker 2 it's less to worry about. But I guess in the legacy insurance space, you don't have that, right? Any type of change is going to be

Speaker 2 a year in the making. So you have to kind of make sure everything gets right.
Right away. Yeah.

Speaker 7 It is, you know, I know some people, sometimes I like to, I like to be fair to, because this is one,

Speaker 7 I think that the issue always comes down to me when I'm looking forward when I talk to somebody is, is

Speaker 7 you have to have a respect for how we got here,

Speaker 7 but a curiosity as to how we get, how we move forward, right? Or, you know, whether curiosity is exactly the right word or not, but, but that's kind of the idea is like, the

Speaker 7 companies that I've seen get smashed up against the rocks have been the ones that have had a complete lack of respect for how we got here.

Speaker 7 That, like, if you can't honestly look at our ecosystem and say insurance isn't actually broken.

Speaker 2 Now,

Speaker 7 ripe for invention, ripe for innovation.

Speaker 7 There is absolutely all these gaps in the market that can be filled and should be filled.

Speaker 7 And that's incredibly exciting.

Speaker 2 But it's not actually broken.

Speaker 7 When a house burns down, someone comes in with a check and goes, here, rebuild your house, you know, as long as you're properly covered.

Speaker 2 Like, and

Speaker 7 that to me is just lost so often on pure technologists.

Speaker 7 And then, you know, to your side, that other end of that spectrum, the pure traditionalists, they look at the world and just tell you every reason why the things that you or even I are doing just cannot happen, impossible.

Speaker 7 You know, we're in the middle of raising money and,

Speaker 7 you know, we're operating

Speaker 7 off of a 25% EBITDA percentage is what our projections are based off of. And some people look at it, it's just funny.
The people that see where we're going don't even question it.

Speaker 7 The people that come from a more traditional side are like, you're going to need to have a hundred person call center and da, da, da, da, da. And there's no way in the human cost of the market.

Speaker 7 And I'm just like, and they just can't. You know what I mean? And it's just funny how those two perspectives mash up against each other.

Speaker 7 But when you find someone who operates in between those two things, who kind of has that respect for where we came from, but sees where we're going, man, that those are

Speaker 7 man, as many of those individuals as you can stack up inside your organization, I think is they're as valuable as their weight in gold. I mean, it's just, it's unbelievable.

Speaker 2 100%. I mean, that's one of the reasons why we hire on humility, right? Like we hire on four things, integrity, intelligence, passion, and humility.
And humility elevates all the other three.

Speaker 2 And the one sentence way that we describe it is we're smart, passionate people who do the right thing, and

Speaker 2 we're not going to brag about it. And when we have these people

Speaker 2 who are humble, they can, even the technologists, they can take a look at the history of the insurance space, and they're not just going to bash it the whole time. Because

Speaker 2 the reason why the legacy insurance space is where it is today,

Speaker 2 is one, because like it evolved like that, right? Workers' comps started in the 1920s, right? What did you expect?

Speaker 2 They didn't have anything, anything, right?

Speaker 2 Like, of course, the people went to insurance agents and brokers and provided them information on salaries, and they would write it down and give it to an insurance company.

Speaker 2 Like, and then, you know, we evolved it with the forms and all that other stuff.

Speaker 2 But of course, it's not going to be as advanced nowadays because now, even with the rapid advances in technology, it's a matter of opportunity cost. Yeah.

Speaker 2 Why in the world are these giant insurance companies who are making money hand over fist going to invest a ton of money in something that's only going to marginally impact their bottom line?

Speaker 2 They're not going to. Yeah.
Like they're going to focus on, especially mid-market and up. That's where they're making tons of money, just from a large carrier perspective, right?

Speaker 2 It's, you're raising money, right? Like

Speaker 2 growth equity funds that have, you know, 350 million and up under management, funds under management, aren't going to invest in series seed companies, right?

Speaker 2 Like they're going to invest in Series B, Series C.

Speaker 2 They're going to write a $50 million check because if they write a $3 million check, it's not going to move their bottom line, even if it's an amazing series company right and it's the same thing like the hartford travelers liberty mutual why in the world are they going to invest in this tiny little sliver of the market when they're you know pulling in over 10 to 15 billion dollars of tam yeah they're not going to do it it you know um so we're both uh both of our companies are partners with with tarmaca in different in different ways and um

Speaker 7 you know to to your this is to your point when you next time and everyone who's listening the next time a commercial lines rep walks into your office ask them if they've heard of tarmaca and the answer is 90 of the time is going to be no and you know why because even though that company there's like a 90 chance that company is on tarmaca they just don't care to push that information down to their to their people that are actually boots on the ground with agents because all the company really cares about is is Gallagher on the platform, is Marsh on the platform, is NFT on the platform?

Speaker 7 Because that's what's moving the needle. And again, I think we have to, and there's, I do have a point to where I'm going with this part of the conversation, but the, the,

Speaker 7 I, what, the reason, it's one of the reasons why I'm so bullish on a company like yours, why I've invested in our relationship in terms of

Speaker 7 being so promotional about it and working with you. And kind of we're talking about doing some things at a deeper level as well.

Speaker 7 That is because

Speaker 7 it's almost like this is going to be a terrible example, but well, I'm not even going to, I was going to kind of equate this to like cryptocurrency. Like,

Speaker 7 if you've already missed on Bitcoin, right? Like thinking about a company to me, the way I think about it is a company that codery, I can, you're like the ETH or the Cardano.

Speaker 7 Like I'm going to catch, here's a company that cares about it.

Speaker 7 Like my putting some amount of premium on the books with you on a monthly basis impacts you guys and you will develop towards towards a company like ours.

Speaker 7 And not that you don't want the big guys to, but it's.

Speaker 7 There's just a certain level of company that has moved past caring about a standard agency. It's not that that they actually don't care.

Speaker 7 It's just you could, you could hit all-time sales numbers with them. And it doesn't even, it's not even a blip on their radar.

Speaker 2 It's just a nice checkbox.

Speaker 7 Oh, great.

Speaker 2 They're doing good.

Speaker 7 That's wonderful. And, and it's completely under and it's, it's okay for them to feel that way.
I guess that's where I'm trying to get to it. So recalibrating.

Speaker 7 We have to think about our own agencies and our own businesses and coming back to codering in particular. Like, what are you doing different?

Speaker 7 Like, that's, that's a question i get a lot like people will say to me like handle oh you know just wait give them three years and they'll blow up and their rates will triple and you know none of this stuff ever works and insur tech this and insure tech that and you know

Speaker 7 i just said to them i said guys you know i know a lot of the people in there and you know not that i know all the nitty-gritty details but the people inside that business are doing things differently like i know that and that's why i've spent time and really gotten to know you and and we're working on implementing you deeper in our agency so what is different about Codery?

Speaker 7 Like, how do you, how, how do you respond to that agent who sits there and is like, ah, just give them three years and, you know, it'll all blow up.

Speaker 7 Cause that's what happens with every insure tech carrier.

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Speaker 2 Yeah. I mean, I,

Speaker 2 unfortunately, they have some empirical evidence that supports what they say. Sure.

Speaker 7 Yeah, for sure. For sure.

Speaker 2 What we bring to the table, we really focus on three things: speed, simplicity, and service, all, and all for the sake of our distribution partners. We're 100% distribution partner focused.

Speaker 2 We don't do any D2C, right? That's our model is helping our partners run in ways that

Speaker 2 they couldn't run before.

Speaker 2 And to your point, like when the people who you're talking to say like, oh, no, no, no, you can't run an agency like that.

Speaker 2 You're going to be, your call

Speaker 2 servicing center is going to be massive, all that kind of stuff.

Speaker 2 We recognize that

Speaker 2 the way of the future for agents, brokers, distribution partners in general, it has to be efficient.

Speaker 2 right like and we make it so that it is efficient for our distribution partners and we we do this in a number of ways. Like one, integration.

Speaker 2 Like we can integrate in whatever way our distribution partners want to. We can provide a dashboard just like every other insurance company.

Speaker 2 Our dashboard is, I'd say, better than every other insurance company.

Speaker 2 But we can also integrate into the systems that our distribution partners are already using to make binding quoting policies much better.

Speaker 2 The other component is just the conversion and policy selling process in general.

Speaker 2 you've interacted with a lot of different things that take a long time to sell a small commercial policy. And you know how frustrating that can be, right?

Speaker 2 Like you're not making a lot of margin on small commercial policies relative to your time.

Speaker 2 So we take that from a

Speaker 2 hour-long process to like a four-minute process. And we are also in the process of utilizing even more data to where you'll be able to bind those policies in.
in no time.

Speaker 2 And I'm not talking just like a nice quote. I'm saying you can bind the policy right there without talking to any human.

Speaker 2 And that's a that's a pretty big component. So that's that's the speed component.
And

Speaker 2 in addition to all this, like the servicing part, right, like we're, we're helping our distribution partners service the customer post-bind. Obviously, that helps you a lot, right?

Speaker 2 You need to be able to run your business in such a way where you're not answering calls and sending out COIs all the time.

Speaker 2 And

Speaker 2 all of this just makes it so that our partners can run into expense ratios and really like focus on what they're good at, right? Which is

Speaker 2 coverage recommendations and building relationships, right? Like getting the business in the door. We handle the data, the servicing, all the other stuff that's in the background.

Speaker 2 And we do this because one, we control the insurance product and two, we control the tech product. And most of the time, like you have

Speaker 2 other

Speaker 2 insur techs who either don't control the insurance product, meaning they're just APIing up someone else. And that is a fine business model.

Speaker 2 That's a great business model.

Speaker 2 But what we want to deliver is a product, both a tech product and an insurance product that's going to enable our insurance partners, or sorry, our distribution partners to run in ways that they just couldn't do before.

Speaker 2 And the other side of it is the tech product. Like the reason why we can integrate and we can move fast on radi and have API calls that are done in less than a second.

Speaker 2 is because we built the tech product, right? We're not relying on Duck Creek or Guidewire, which are fantastic for other players who are doing something more traditional, but

Speaker 2 it didn't meet our standards in terms of how we needed to operate.

Speaker 7 Yeah, fantastic is a stretch.

Speaker 2 It's fantastic, maybe, maybe, maybe a little bit stretchy.

Speaker 2 But

Speaker 2 those things really

Speaker 2 help our partners

Speaker 2 operate in the way that they need to. Because,

Speaker 2 I mean, small commercial isn't broken,

Speaker 2 but it doesn't make a lot of sense for the distribution partner, like

Speaker 2 how things are operating today.

Speaker 7 Certainly in the way that it's traditionally distributed.

Speaker 2 Exactly, exactly. And

Speaker 2 we can help the tarmacas, the breezes,

Speaker 2 the rogue risks, right?

Speaker 2 The people who are servicing brokers and agents, the people who are brokers and agents,

Speaker 2 everyone in the mix run in ways that they just couldn't run before.

Speaker 7 Yeah. I just, you know, I give everyone just a quick use case.
So we,

Speaker 7 one of the things that we've started doing because we get such a, uh, and I've talked a little bit about this on the show before, our biggest challenge at Rogue is the breadth of

Speaker 7 types of risks that we get, right? So we've, we've defined our niche, not as a specific vertical, but as a way in which we acquire business, which is through inbound traffic and referral partners. And

Speaker 7 you know, most referral partners don't just streamline you. It's not like doing a mortgage.
It's not like the home mortgage thing. You know, everyone is a homeowner's policy.

Speaker 7 Well, that's sweet and easy. But with this, it's one day it's a contractor.
One day it's a Bob. One day it's a crypto miner.
And you have to be able to accommodate that.

Speaker 7 So what we've started doing is when we get mainline stuff or stuff, especially when we get someone who we can tell is more digitally focused and we have some ways that we're starting to do that, we will just send over like a shortened version of our codery link and people will just go through and buy in the policy policy themselves.

Speaker 7 We did that wrong a couple of times at first. And we had to

Speaker 7 like, we did, we didn't tag it as us. So, you know, but, but Ray, Ray is the man.
He helped us get through that. But

Speaker 7 now, but that, what that does is it says, this person has a problem. They need to get a GL policy today, right?

Speaker 7 And granted, if that person has something more complex, we'll work them through the same process, just maybe over the phone.

Speaker 7 But like, if they can do it themselves and write that $500 GL policy themselves, well, now we have a customer who we can now service, add value to, and potentially cross-sell over time.

Speaker 7 And they got the policy they needed in like, like you said, like four minutes. And

Speaker 7 my team didn't have to pick up the phone. They just, hey, we see what you're doing.
The best way to get this squared is to go right to this link, put your information in.

Speaker 7 You're going to get the best quote in the market. This is the policy you need.
Bam. And they just do it.
And that to me, like

Speaker 7 that's not going to solve every problem that you have in small business, but it does solve a very specific problem.

Speaker 7 And it's a feature like that that I look at and I say, like, this is the kind of thing that as agents and as distribution partners in general, we tend to fight because we feel like if I don't talk to them on the phone, that they don't think that I added any value.

Speaker 7 Well, you know, you know what that person thinks in their head actually is, oh my gosh, I contacted this company, Rogue Risk. They solved my problem here.
Yes. That's what they think.

Speaker 7 Now it's on us to continue to communicate and nurture that relationship, but there's no loss of relationship or value connection because they reached out to us.

Speaker 7 We provided them with a solution and now they have what they need to move forward with their business. That's the value.

Speaker 7 And I feel like

Speaker 7 we can't overlook how important that is. And it is those speed and efficiency features that make what you guys are doing special.
I know it's still early days. I mean, 2018, right?

Speaker 7 Didn't you launch in 2018?

Speaker 2 So it means September. Yeah.

Speaker 7 Yeah. So it's still super early, which is exciting to see how far you've come in that short amount of time.

Speaker 2 Thanks.

Speaker 2 You know, it's, it's a, it's a paradigm shift, though, right?

Speaker 2 Like, to your point, I think, you know, in the legacy agency and brokerage world, like there was almost this expectation, like people had more free time, I guess, and like, you know, like get on a phone, uh, talk to someone, right?

Speaker 2 Like. Even in other industries, like realtors, right? Like it used to be like your realtor would come to your house and like have coffee with you for an afternoon.
And it's like, I don't want that.

Speaker 2 It's like, sell my house, right? Like, don't, don't come to me. Don't talk to me.
Sell my house.

Speaker 7 Dude, before you go, I just got to tell you this real quick. So when I started my career back in 2006, I would sell home and autos.

Speaker 7 I'd like the first, I, I, the first 200 home and autos that I sold, I sold at the person's home, at their kitchen table, at, I would stack meetings.

Speaker 7 I would have one meeting at 7.15 and one meeting at 9.15 at night. People would be letting me in their house at 9:15 at night, and I'd be like having coffee,

Speaker 7 selling a home and auto at their kitchen table.

Speaker 2 It's like no one would ever let me in their house today at 9:15. No,

Speaker 2 that's that's exactly right. And, like, now it's like, if I come to an agent or broker, it's like, this is my problem, solve it as fast as possible.

Speaker 2 If you can do that, if you can provide that to where they can just, you know, four minutes, done, like,

Speaker 2 weight off my shoulders, right?

Speaker 2 Like, that's, and that's, that's the benefit that agents and burgers can provide, making sure that people are getting what they need done done and making sure that they have the appropriate coverage when the time comes.

Speaker 2 Yeah. 100%.

Speaker 7 It's such an exciting world. So one of the things that I'm, I'm just, I'm super interested in personally is how you're using third-party data.
Like this is a, this is an

Speaker 7 just a general topic that has been thrown around a lot.

Speaker 7 uh people use it kind of oh we're using data here we're infusing data and and i think people kind of understand what that means or how you're using it.

Speaker 7 But I'd love to get, and again, don't give any trade secrets away unless you unless you want to, but just in the edit, what does that mean using third-party data? How, how does it work? Like,

Speaker 7 as much as you again, you don't have to give a specific source, but like, where the heck are you getting it from? Like, I think it feels like one of those black box items to people where they're like,

Speaker 7 I kind of understand, but I don't.

Speaker 2 Yeah, I and I think

Speaker 2 a lot of the insurance world is very excited about the

Speaker 2 amount of data that's out there and what they can use. And that's, that's a very good thing.
Um,

Speaker 2 whether or not they're actually able to use it is a whole nother story. And I, like, what happens in most the insurance world, and this is speaking from experience as I was an actuary, it's like

Speaker 2 There's all of this exciting data. And like, I remember I pull it up, looking like, oh, this could help us with this, this, and this.
And then,

Speaker 2 you know, you would go through the effort of trying to get a contract signed, which, you know, probably would not happen, right?

Speaker 2 Um, but let's say it did, and then you know, this data starts coming over and JSON blobs or whatever. Uh,

Speaker 2 making it actionable and actually using it in production, right? Where you're actually rating risks or you know, changing underwriting or whatever it is real time.

Speaker 2 I don't know.

Speaker 2 I'd be shocked if many,

Speaker 2 if any insurance companies are actually doing that, like on a very limited basis. Some, and this is on the commercial line side, personal lines, they do it, yes.

Speaker 2 Um, commercial lines, it's it's difficult, and

Speaker 2 a lot of it is you know because of the systems that they use, right?

Speaker 2 Like Guidewire, Duck Creek, you know, they they have a backlog of information that they can ingest and apply to the rating engines that they provide, right?

Speaker 2 Their rating engines are built in such a way, like it can't just take in any JSON blob that comes through, right?

Speaker 2 It's got to be mapped to fields, and we got to use it here and put it in and that means you have to pay your guide wire consultants lots of money to implement that now guidewire just acquired hazard hub so i'm sure there's going to be nice implementations there on the property side fantastic great great for them um but still that like what if you find all kinds of other data from accounting systems or financials or um or just scraping the internet right you're not going to be able to just screen scrape for a while and then pull that data in and apply it through your guidewire system it's just unless you tell them to put on the backlog for the next three years yeah

Speaker 2 and what we're able to do because we we built out the insurance products and we built out the system to do it is actually apply it and that's that's exciting uh and we do it in a in a number of ways and we and we really do it with the focus on that speed and simplicity right like we

Speaker 2 we want

Speaker 2 We want the agent and broker to be focused on, again, relationships and coverage. Let Let us handle the data side of things, right?

Speaker 2 Like you, I shouldn't be asking you how far away that business is from a fire hydrant.

Speaker 7 Amen, brother.

Speaker 2 Amen.

Speaker 7 That is like, that might be chiseled on my tombstone. It's like, don't ask me how far away this is from a fire hydrant.

Speaker 2 Because

Speaker 2 I promise, and this is not a knock on agents and brokers, they're going to put in an answer. And that answer is 500 feet.

Speaker 2 Every business in the world is 500 feet from a hydrant.

Speaker 7 This is like the, the, when was the last time your plumbing was updated? Like when I see this, I feel like this is like, I feel like this is like the insurance gods messing with us.

Speaker 7 I'm like, who is going to put outside of 10 years? Would you be stupid? You're going to have the risk declined.

Speaker 2 Like they're just going to go, oh, decline, not updated.

Speaker 7 Like, you'd have to be a moron not to just put 2015 or, you know, five years from today.

Speaker 2 Like, you would have to be a moron not to do that. That's right.
That's right. And it's, it's, it is, I mean, like, what do you expect insurance companies, right?

Speaker 2 Like, of course this is is going to happen.

Speaker 2 Why are you asking these nonsensical questions for a premium that's like less than $5,000 or even more than that? Like, what, I just, I'm, I'm kind of shocked at that.

Speaker 2 Um, and especially when the data is there. Yeah.

Speaker 2 And so, like, again, our focus is on that speed and simplicity side and the fact that we're able to get this information, make it easier for the agent broker and the policyholder, right?

Speaker 2 And then not only do that at new business, but understand it and audit it throughout the life cycle of the insured to help out our partners, to help out our distribution partners.

Speaker 2 And like, hey, by the way,

Speaker 2 you know, you're this risk went from a zero employee account to a non-zero employee account. You should probably upsell them to workers comp, right?

Speaker 2 Like, and just small, hey, they changed from a personal address to a business address. Make sure that they have property coverage now.

Speaker 2 And like, that just makes your job so much easier because we're able to pull data on this and just be like, hey, just, just a heads up.

Speaker 7 Yeah.

Speaker 7 So, this is the part I have a whole bunch more questions on this topic, but this is the thing that I think people are missing: is

Speaker 7 I think everyone goes right to, so a couple of questions that I wrote down were like, how do you determine which data helps with the underwriting process, which doesn't?

Speaker 7 Do you have a process for like testing stuff blind to say, okay, you know, you're not actually using it in rating, but you're saying, okay, ultimately, this doesn't have a factor.

Speaker 7 This does have a factor. I'm interested in that.
But, like,

Speaker 7 just

Speaker 7 being greedy, being greedy and selfish, right? If we're using this stuff properly, it helps us cross-sell. It helps us sell more policies.
It helps us round out accounts better.

Speaker 7 It helps us increase the premium on accounts because all of a sudden you found out that they put an addition on a building because they had to go get workers' permits that you would have had no freaking clue until renewal.

Speaker 7 And maybe they wouldn't have answered it right or they would have forgotten. But because we can pull permit data, we can see that.
holy crap, they put a hundred thousand dollar addition on this.

Speaker 7 And those are these are the places where like I look at it. And again, to your point on humility, I don't know that I would ever be classified as humble per se, but I do, I am completely willing.

Speaker 7 And I think more retail distribution side partners, which is what Rogue is,

Speaker 7 what our role is in the market and what our role is not. We are not the manufacturers.
We are not. We are not the regulators.
We are not the compliance departments. We are not the data data engineers.

Speaker 7 We are distribution. That's what we are.
And if that doesn't mean we can't be good stewards of our accounts, it doesn't mean we shouldn't care about coverage and protection. We absolutely should.

Speaker 7 That's part of that role. But to then become underwriters and to become all this,

Speaker 7 no, that's not our job. Like, use the tools at your disposal to do the thing that you were meant to do.
And

Speaker 7 yeah, man, I just, I think this is so lost on people, what is actually possible and the flags and the triggers that can come off of this information if it's coming from a good source.

Speaker 2 Yeah, that's exactly right. I think that distinction, and that's why we call ourselves, we are an insurance manufacturer and servicer.
Yeah. And we, we, we hook into distribution.

Speaker 2 We want to make our distribution partners successful. And having that distinction, right? Like your job should not be data collection.
That's, that's what we do.

Speaker 2 And we do it to make you more successful because

Speaker 2 let's be frank, like when you are successful, we are successful, right? And the customer is successful, right?

Speaker 2 Like we want the policyholders to feel to feel like the distribution side, their agent and broker is the hero and they're taking care of them because that helps our retention too, right?

Speaker 2 They stay with you. You stay with us.
We make your life easier. It's a virtuous cycle, right? Like, and that's what we bring to the table.

Speaker 7 Yeah, it's awesome. It's awesome.
So, so I am interested, just going back to the the one question that I teased was like, um,

Speaker 7 do you have a process for, I'm sure you do, uh, of like, you know, because, cause this is another thing that I get from some people who maybe know a little bit about data is they'll go, well, yeah, but all that

Speaker 7 you still have to ask for the same things. It's all the same underwriting, you know, all this kind of stuff.

Speaker 7 Take is like, are you testing?

Speaker 7 different things from the standard actuarial models. Like, are you testing like, you know, if the owner has red hair, you know, all this, you know, does that?

Speaker 7 And, you know, and it comes, oh, no, it has no impact. Or yeah, red-haired people are crazy as shit.
The, you know, they get into more accidents. You know, is, is, like,

Speaker 7 is, is, are you testing those things to see if you can find hidden gems? Or is it, do you kind of have a model set and you're working that model and that's what it is?

Speaker 2 So, I mean, we, you know, we have our base model and we've layered on some things on top of that that

Speaker 2 we, you know we've tested and that they've proved itself out pretty well uh and then there's a whole

Speaker 2 swath of things that we're testing throughout and one we're testing it for credibility right making sure that hey this is something that people can validate that the data that we're collecting is accurate right so make making sure that it's a veritable truthy data uh but then also understanding of how impactful that data is right and of course like assuming it's not unfairly discriminatory right but yep in accordance with actuarial standards, of course.

Speaker 7 Yeah, for sure.

Speaker 2 And we've,

Speaker 2 I think there's a lot of things that we use today that, you know, like to your point, like plumbing being updated, right? Like people are putting in 500 feet every time, right?

Speaker 2 I mean, that's fire hydro, but less than 10 years every single time, right? Same thing with distance to fire hydrogen. 500 feet every single time.

Speaker 2 That's a useless field most of the time if you're asking it to someone just fill it in, right?

Speaker 2 I don't don't care if it's the policyholder or the agent and broker, no one's going to put in the actual information. They're not going to go outside and measure how far away there is.

Speaker 2 And that's, so why keep asking, right?

Speaker 2 What are some of the things that we can say are more correlated with

Speaker 2 the expected property losses, right? That we can actually measure and are going to give us more lift on that. And if, you know, bonus, if we can actually

Speaker 2 use data and not have to ask the person,

Speaker 2 all the better, right? Yeah. And so we do that

Speaker 2 constantly, like constantly looking at new sources of data, understanding

Speaker 2 how this is impacting the customer. And if it, if it's truly accurate.
So yeah, we do that a good bit.

Speaker 7 I want to be respectful of your time. So I know you're a busy dude.
You're running a new InsureTech carrier manufacturing plant, Empire.

Speaker 7 Where do you see small business insurance going? What excites you about about the small business insurance market? Obviously, it's where Rogue is dedicated. It's what we do every day.

Speaker 7 Everything we build towards is helping serve it. And again, another reason why I'm excited about what you guys are doing is because this is your segment.
This is what you focus on.

Speaker 7 I see this, and I've said this and countless times. I see small business insurance as one of the very few remaining blue oceans that exist in our space, right?

Speaker 7 I know people write it, but no one owns this space, not like personal insurance, which is very difficult to just to kind of disrupt and wedge your way in in any meaningful way.

Speaker 7 I feel like small business insurance is still the wild west, right? It's still the Louisiana purchase before everyone had kind of staked their claim.

Speaker 7 What do you see as exciting? What do you see coming down the road?

Speaker 7 Where, you know, anything that kind of, what's getting your juices going with small business insurance in the next few years that people could kind of grab hold of?

Speaker 2 Efficiency. Oh, yeah.

Speaker 2 i i don't want to give away too much but what we have what we're building out right now on the efficiency side of things i think it's just going to change how small commercial is done right like

Speaker 2 agents and brokers are actually going to be able to bind these policies in ways that make them money right like which you know today like the amount of time that you put in relative to the money that you make on small commercial policies, it's not there, right?

Speaker 2 Like, and

Speaker 2 we can flip that. And this is going to have huge impacts, not only for the agents and brokers, but also

Speaker 2 for the end policyholders. Cause it's like,

Speaker 2 you know, 40% of

Speaker 2 commercial, you know, aren't insured, right? Like small commercial, I'm guessing that's 60%.

Speaker 2 And the fact is, is like.

Speaker 2 they're not doing it because it's an arduous process relative to, you know, all the work that they're trying to do. Like they don't need,

Speaker 2 they're focused on their business. And going out and talking to an agent for a few hours and then faxing them all this stuff, like that's difficult for them.

Speaker 2 And we have more and more small businesses today, right? Like people who are operating consulting shops, people are just doing DoorDash and stuff like that.

Speaker 2 Those are all little LLCs running around that need protection.

Speaker 2 And at any moment, they can essentially be out of a job or

Speaker 2 with no indemnification. And

Speaker 2 we can, I mean, we can add so much to this market just in the name of efficiencies, right? Like just making things such that like, hey, don't even worry about sending over your financials.

Speaker 2 My insurance manufacturer pulls out all that information. We'll get this taken care of with a couple of clicks.

Speaker 2 That kind of efficiency is what we're aiming for. Yeah, I love it.

Speaker 7 I couldn't agree more. And, you know, one of the things, you know, one of the...

Speaker 7 You could say it's kind of a marketing message, but it's philosophically what we believe is that insurance provides the foundation upon which entrepreneurs have the possibility of taking risk, right?

Speaker 7 Like they can extend farther. They can hire that extra person.

Speaker 7 They can take on that extra business line because they have that foundation that if something goes wrong, they're going to be able to rebuild quicker.

Speaker 7 And I think for too long, particularly with small business owners and a lot of these consultants and especially now with, we'll call them gig businesses, side businesses, all the things that people are doing doing Zoom calls on their regular job.

Speaker 7 They can't,

Speaker 7 you know, there is a, there's a hesitancy to grow there or maybe even an unspoken

Speaker 7 fear because if something happens there, that can come back to them personally. It can come after their assets.
It can come after their savings, whatever.

Speaker 7 And the deeper we can extend into these markets and the easier we can make it for these people to get coverage, the better. It's, I couldn't agree with you more.
Efficiency is a huge part of it.

Speaker 7 I think messaging is a huge part of it. I think the messaging to small business owners around insurance has been terrible for so long.
And

Speaker 7 I think that, you know, hopefully organizations like yours, like mine and others can help change this. And I think it's a very exciting time for the piece of the market that we're going after.

Speaker 7 And I just appreciate being partner with you, man.

Speaker 2 Agreed. It's been great partnering together on this.
You know, I love just like. what you're building.
And

Speaker 2 you understand it, right? Like the focus on making these things efficient, because it's going to not only benefit you as a as an agent broker, right?

Speaker 2 But also it's going to benefit the end policy holder, right? You're providing the actual service that they need, right? Solutions and coverage, right?

Speaker 2 Not just, you know, an hour-long coffee that's going to make them more stressed because they have all these other things to do. Yeah, agreed.

Speaker 7 Well, hey, man, I wish you nothing but success.

Speaker 7 Where can people get at Coderie?

Speaker 7 You know, if they're interested in partnering with Coderie, who's the best person or where's the best place to go to reach out and and start to learn more about a partnership with Codery?

Speaker 2 Yeah, so coderyinsurance.com. That's the first place to go.
There's a partnership page. There's an agent resources page.

Speaker 2 Ray Lynch, Raymond Lynch, I mean,

Speaker 2 is there anyone better to talk to?

Speaker 2 He's fantastic. Yeah.

Speaker 2 He can get you set up.

Speaker 2 And

Speaker 2 if all else fails, just shoot me a message on LinkedIn and

Speaker 2 we'll get you rolling.

Speaker 7 Fantastic, man. Appreciate you.
Appreciate the time.

Speaker 2 All right. Thanks, buddy.

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