Summary
Diagram is launching an AI-powered third party administrator (TPA) to reduce costs and improve customer satisfaction for the property and casualty (P&C) insurance industry. We are looking for an entrepreneurial and highly motivated Co-Founder & CEO to shape the vision, build a star-studded team, and scale the business.
Please note: This is not an employee opportunity at Diagram Ventures, but in a new company created through our venture studio model. This company will be independent of Diagram Ventures, and the founding team will receive the majority of the equity in the venture.
The Opportunity
The insurance industry is at an inflection point. Carriers are grappling with historically high costs, rising adjuster turnover, and significant tech debt. It’s estimated that $170 billion in premiums are at risk over the next five years due to inefficient claims processes, and carriers are urgently searching for ways to reduce cycle time while mitigating claim leakage.
That’s why Diagram Ventures is launching an AI-powered TPA to intelligently streamline the millions of low-risk, high-frequency P&C claims filed each year and deliver actionable insights to carriers, MGAs, and self insured organizations.
Who we are looking for
We’re assembling a world-class team and seeking an accomplished Chief Executive Officer to drive the venture forward and define its strategic vision. As the CEO, you will:
- Build and manage a talented team of early hires to develop and scale an AI-powered claims processing platform
- Identify and establish partnerships with carriers, MGAs, and self-insured entities
- Craft and implement a clear strategy to drive market penetration and customer acquisition
- Use your industry connections to foster partnerships with carriers and other stakeholders to accelerate growth
- Lead the organization to achieve its strategic objectives by working across all functions of the business (product, operations, marketing, sales, tech, finance, etc.)
- Work with the founding team and investors to secure capital and support the company’s expansion.
- Work closely with the investors/board
Background and experience:
- Successful track-record of leading a business as a CEO, President, COO, Chief Insurance Officer, Chief Claims Officer, or in a capacity with P&L ownership.
- Previously took a business or product from 0 to 1, with demonstrated ability to raise venture capital
- Strong experience working in the P&C insurance industry, and, ideally, with direct oversight of the claims management function (preference for experience with auto claims)
- Strong network of insurance carriers (national + regional), MGAs, and self insured contacts in the industry and a track record of successful partnership facilitation
- Excellent communication and negotiation skills, with the ability to present and persuade at all levels of an organization
- Strategic thinker with a hands-on approach to problem-solving and business development
- Ability to work independently in a fast-paced startup environment
Other desirable attributes:
- Former founder/co-founder or early hire at a venture backed insurtech
- Past experience building and leading a claims management organization
- A successful track record developing and selling AI-powered products
What you’ll get:
- Majority of the equity in the venture
- Full flexibility to run a venture-backed business that has been significantly de-risked by an experienced AI + Fintech venture studio
- Continuous support from a meaningful network amongst the Diagram/Portage/Sagard ecosystem
About Diagram Ventures
Diagram is a venture builder that conceives and launches technology companies in the financial, crypto, and climate industries. We've designed a unique platform for entrepreneurs who have a proven track record or domain expertise to start their next business by combining access to venture capital investment, hands-on support, and a vast network of partners and incumbents. Since 2016, Diagram has raised $380M and launched over 25 new companies across North America. Our ecosystem is home to 200+ angel investors, including 60+ entrepreneurs with >$15B in exits and an extended global network of corporate partners, investors, and builders. Notable Diagram portfolio companies include Synctera (Series A),Tallied (Seed) and Dialogue (IPO).
