AI Magazine Issue 9 2018

30 Acquisition International - Issue 9 2018 Innovation Insurance Group (IIG) is an insurance consulting firm and insurance brokerage founded by 30-year insurance executive, Ty R. Sagalow, former Chief Underwriting Officer, General Counsel and Chief Innovation Officer at AIG, and former Chief Innovation Officer at Zurich, NA and Tower Group. Having awarded the group Leading Global InsurTech Executive of the Year, USA in our Leading Adviser Awards 2018 we profile it and showcase how TY leads it to the success it enjoys today. ounded in 2011, IIG is a premier consulting firm to the insurance industry, providing services in new product development and management/ professional lines of insurance, including expert testimony in coverage disputes. Since inception, the company has been successfully engaged by more than 50 clients from major insurance carriers and brokers to private company entrepreneurs. Today, IIG focuses on three core practice groups: product development, expert witness services (primarily in the management and professional liability areas), and bitcoin industry brokerage services. At IIG, innovation is the hallmark of its approach in every arena. It starts with their experience; encompassing all phases of policy development across the spectrum of insurance products, from traditional to emerging risks, combined with a deep expertise in D&O/E&O that bridges underwriting, legal and marketing. To ensure excellence, in every project the firm start by listening to their clients, and then they bring their vast experience and innovative thinking to meet the clients’ unique needs. This approach accounts for why IIG has flourished on the basis of referrals and repeat, long-term client relationships. Insurance carriers, MGAs, and entrepreneurs regularly seek out IIG’s assistance for product development, whether the assignment is simply to refresh an existing insurance product or to create a solution that is entirely new to the market. The Company: Innovation Insurance Group, LLC Contact: Ty Sagalow Address: Offices at Short Hills, 51 John F Kennedy Parkway, First Floor West, Short Hills, New Jersey, 7078, USA Website: http:// innovationinsurancegroup. com/ Innovating the Insurance Industry F 1807AI24 unique combination of legal expertise, together with experience in underwriting and policy drafting, gives IIG the ability to provide carriers and MGAs with end-to-end product development. In addition, the team can deliver solid drafting, provide training and development, and assist entities in the creation of their own product development process and culture. For the entrepreneur, the firm can take any business model or product and combine it with a new insurance product. The result is a strengthened and enhanced value proposition, leading to increased revenue and profits. Led by Founder Ty Sagalow, the firm constantly strives for success. This top insurance professional has been called the “top product development person in the industry”. Among the products Mr. Sagalow helped develop are Cyber Insurance, Y2k Insurance, D&O [Entity] Insurance, Corporate Reputation Insurance, Intellectual Property Collateral Insurance, and most recently, Bitcoin Theft Insurance. Mr. Sagalow also brings his talents to bear as a court qualified expert witness focused chiefly on Management and Professional Liability coverage disputes. He was recently named “Most Helpful Expert” for his testimony in a $8.7M successful policyholder dispute. To support the wider insurance industry, Mr. Sagalow is an author of several works on D&O insurance and product development and hosts two series on innovation produced by World Risk and Insurance News. A graduate of Georgetown University Law Center, Mr. Sagalow also holds an LLM from New York Law School. He is both a licensed attorney and a P&C insurance broker. Looking ahead, IIG will be seeking to continue to enhance its service offering and provide its valued clientele with the exceptional, cutting edge support and services that they have come to expect. This will allow it to grow and flourish in the increasingly competitive insurance consulting market. “Mr. Sagalow also brings his talents to bear as a court qualified expert witness focused chiefly on Management and Professional Liability coverage disputes.”