Ty Sagalow

Ty Sagalow Email and Phone Number

CoFounder & Chief Insurance Officer: Assurely; Founder & CEO: Innovation Insurance Group; Author: The Making of Lemonade @ Assurely
About Ty Sagalow

Mr. Sagalow is the Co-Founder and Chief Insurance Officer of Assurely, an insurtech MGA and broker providing embedded insurance as a service as well as Founder & CEO of Innovation Insurance Group, LLC.(IIG). Founded in 2012, IIG is a premier insurance consulting firm providing expert witness, product development and InsurTech Consulting. Mr. Sagalow is a 38 year insurance veteran with prior senior roles at AIG (25 yrs) as Chief Underwriting Officer, Chief Operating Officer, General Counsel and Chief Innovation Officer of various divisions. Following AIG, Mr. Sagalow was Chief Innovation Officer at Zurich NA and the Tower Group.Immediately prior to returning to IIG full time in July 2017, Mr. Sagalow was a founding member and Chief Insurance Officer of the leading InsurTech insurer Lemonade, Inc. He is the author of the book "The Making of Lemonade." Mr. Sagalow retired from the board of Lemonade Insurance Company in August 2019.In the expert witness field, Mr. Sagalow has been retained over 94 times including testifying on 30+ occasions (as of Sept 2020) by over 50 law firms in various insurance disputes, on behalf of both the policyholder and the insurance carrier. In the InsurTech sector, in addition to being a founding member of Lemonade, Mr. Sagalow is the Co-Founder and Chief Insurance Officer of Assurely, an InsurTech MGA/Broker, a Partner in Profound Specialty and an Senior Advisor in several Insurtechs including Evertas. He is on the Board of Advisors for Metabiota and Board Member of Relm Insurance.In product development, Mr. Sagalow's is credited with being instrumental in the creation of number new insurance products during his career including cyber insurance and the modern form of D&O insurance.Mr. Sagalow is an expert in many types of insurance including D&O/E&O insurance and cyber insurance . He is a frequent speaker and publisher in insurance matters, including InsurTech.Mr. Sagalow is a cum laude graduate of Georgetown University Law Center and holds a L.L.M degree from New York University Law School. In addition to being a New York licensed attorney Mr. Sagalow is licensed as an insurance broker in all 50 states and the District of Columbia.

Ty Sagalow's Current Company Details
Assurely

Assurely

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CoFounder & Chief Insurance Officer: Assurely; Founder & CEO: Innovation Insurance Group; Author: The Making of Lemonade
Ty Sagalow Work Experience Details
  • Assurely
    Co-Founder & Chief Insurance Officer
    Assurely Oct 2017 - Present
    Austin, Texas, Us
    Assurely is a nex-gen insurance MGA and brokerage firm. We create and customize insurance products for new and changing industries. Our first product, Tigermark™, is a crucial part of investment crowdfunding. Developed specifically for this developing marketplace, Tigermarkr™ protects investors on investment crowdfunding platforms from fraud, misrepresentation, and the misuse of funds. Acting as a MGA for a global insurance carrier, Assurely launched Tigermark in mid 2019.Assurely continues to extend into additional product lines, industries, and marketplaces while we innovate along the entire insurance value chain.
  • Innovation Insurance Group, Llc
    Ceo & Founder
    Innovation Insurance Group, Llc Mar 2012 - Present
    Innovation Insurance Group (www.innovationinsurancegroup.com) was originally founded in early 2011 to provide a wide breadth consulting services to the insurance industry. The company's three main practice groups are: Insurance Expert Witness Services, Product Development and InsurTech Consulting.Representing both policyholders and carriers, Mr. Sagalow was been retained as an Expert Witness in 54 times (as of Aug 2017) including providing testimony on 15 occasions. Mr. Sagalow has been affirmatively held to be an insurance expert by the United States District Court. Selective client list and testimonials can be viewed at http://innovationinsurancegroup.com/our-services/expert-witness-services/Product Development Services can range from rewrites/revisions of existing forms to "New to the Company" policies to "New to the Market" products. (Detailed product development services include: Complete project management, legal drafting, sales management, coordination with marketing, actuarial, legal, underwriting, claims and other departments.) Mr. Sagalow is a founding member of Lemonade, Inc.. Founded in 2015, Lemonade is the first licensed and regulated InsureTech insurance company in the United States. Called the "Uber of Insurance", Lemonade captured 1% of the NY Market in less than 9 months by offering homeowners and renters insurance powered by artificial intelligence and behavioral economics. On July 1, 2017, Ty retired from his position as Chief Insurance Officer of Lemonade but continues as a board member of the Lemonade Insurance Company, and regularly advises other companies in the Fintech/InsurTech space.
  • The Making Of Lemonade
    Author
    The Making Of Lemonade Apr 2019 - Present
    "The Making of Lemonade" (Outskirts Press, April 2019) is available from Amazon, BarnesAndNoble.com and other online retailers including www.TheMakingOfLemonadeBook.comFrom the back jacket:HOW DO YOU CHANGE A TRILLION DOLLAR INDUSTRY THAT EVERYONE HATES?Let’s face it: Insurance is one of the most hated industries in history. The Urban Dictionary defines Insurance as “A business that involves selling people promises to pay later that are never fulfilled.” Insurance is the only modern business model with an inherent conflict between the provider of a service and it’s customer. Simply put, the more insurers deny or delay paying claims, the more money they make. And when customers complain, carriers accuse them of committing “insurance fraud”.This book is first an origin story of Lemonade Insurance, a startup insurance company with a silly name that was created by two Israeli entrepreneurs who knew nothing about insurance but which in less than 18 months completely disrupted a trillion dollar industry and soon became known as the “Uber of Insurance.”It is also a book of a personal journey by a former top executive at AIG and Zurich Insurance who decided to abandon the success of “Corporate America” to help form a startup that changed everything he was used to, and as a result, found himself changed.
  • Evertas
    Senior Advisor
    Evertas Dec 2017 - Present
    Miami, Florida, Us
    BlockRe takes the security of our clients seriously, to this end we use the best infrastructure, latest security techniques, and industry standard best practices (including end-to-end encryption of sensitive data) to protect our clients. This is coupled with continuous assessment of our risk profile and evolving threats
  • Metabiota
    Board Of Advisors- Metabiota
    Metabiota Oct 2017 - Present
    Metabiota is the pioneer in comprehensive risk analytics that help the commercial sector, insurance industry and governmental organizations build resilience to epidemics and outbreaks. Forged on a strong foundation of scientific expertise, including a worldwide network of on-the-ground experts, Metabiota delivers actionable, data-driven analytics to assist corporations and countries in mitigating complex public health issues.
  • New York
    Licensed P&C Insurance Broker
    New York Apr 2012 - Present
    Mr. Sagalow is a licensed insurance broker for all Property and Casualty Lines. New York License No: BR-1225776. Innovation Insurance Group believes in a flexible compensation system with performance based metrics allowing it to combine a front end reduced fee structure with a back end commission on successful new product sales.
  • Premonition Analytics
    Senior Advisor And Chief Insurance Officer
    Premonition Analytics Oct 2017 - Aug 2020
    New York, New York, Us
    Premonition is an IInsurTech company that uses artificial intelligence and big data analytics to determine relative "win rates" for which attorneys before which Judges. The Premonition method has been called the "Moneyball" of counsel analysis and selection. As the company's Senior Advisor for insurance and Chief Insurance Officer, Mr. Sagalow is charged with leading the company's efforts in the insurance industry.
  • Lemonade Inc.
    Founding Member (Lemonade Inc.) Board Member (Lemonade Insurance Company)
    Lemonade Inc. Aug 2015 - Jul 2019
    New York, Us
    Lemonade Insurance Company is the first licensed "insurtech" insurance carrier. Called the "Uber of Insurance", Lemonade captured 1% of the NY market in less than 9 months, offering homeowners and renters insurance powered by artificial intelligence and behavioral economics. By replacing brokers and bureaucracy with bots and machine learning, Lemonade aims for zero paperwork and instant everything. And as a Certified B-Corp, where underwriting profits go to nonprofits, Lemonade is remaking insurance as a social good, rather than a necessary evil. Lemonade is reinsured by some of the leading reinsurance companies in the world including Lloyd’s of London, and has been assigned a Financial Stability Rating® of A, Exceptional.
  • Lemonade Inc.
    Chief Insurance Officer (Lemonade, Inc.); Ceo (Lemonade Insurance Company)
    Lemonade Inc. Aug 2015 - Jul 2017
    New York, Us
    Lemonade Insurance Company is the first licensed "insurtech" insurance carrier. Called the "Uber of Insurance", Lemonade captured 1% of the NY market in less than 9 months, offering homeowners and renters insurance powered by artificial intelligence and behavioral economics. By replacing brokers and bureaucracy with bots and machine learning, Lemonade aims for zero paperwork and instant everything. And as a Certified B-Corp, where underwriting profits go to nonprofits, Lemonade is remaking insurance as a social good, rather than a necessary evil. Lemonade is reinsured by some of the leading reinsurance companies in the world including Lloyd’s of London, and has been assigned a Financial Stability Rating® of A, Exceptional.Founded by highly successfully veteran tech entrepreneurs Daniel Schreiber (President, Powermat) and Shai Wininger (CEO, Fiverr) and funded by Sequoia Capital (the VC behind Apple, Google, Airbnb, PayPal and Instragram) and Adelp, the concept of Lemonade represents both true “disruptive innovation” to the current centralized bureaucracy of today’s insurance industry as well as harkens back to the very origins of insurance. “Lemonade will transform the insurance landscape beyond recognition. It is one to watch” says Haim Sadger, partner at Sequoia Capital. As a founding member and the Chief Insurance Officer until July 1, 2017, Mr. Sagalow was charged with leading the insurance operations of the Company. To learn more, go to http://innovationinsurancegroup.com/insurtech/
  • Tower Insurance Group
    Senior Vice President And Chief Innovation Officer
    Tower Insurance Group Aug 2011 - Mar 2012
    Tower Group Companies is one of the 50 largest providers of property and casualty insurance products and services in the U.S. Through its insurance company subsidiaries, Tower (NASDAQ: TWGP) provides personal and commercial insurance for small to medium-sized businesses through its network of retail and wholesale agents across the country. Tower also offers specialty insurance products through a national network of program underwriting agents.As Chief Innovation Officer, a new position at Tower, Ty and his team will help Tower research new market opportunities, enhance existing products and develop new products for various industries and customer groups. Ty will report to Michael H. Lee, Tower's Chairman, President and Chief Executive Officer.
  • Innovation Insurance Group
    President
    Innovation Insurance Group Apr 2011 - Aug 2011
    Innovation Insurance Group was founded in early 2011 to provide a wide breadth of consulting services to the insurance industry including Product Development. Product Development work can range from rewrites/revisions to existing forms, "New to the Company" policies to completely "New to the Market" insurance products. Detailed services include: Complete project management, legal drafting, sales managment, coordination with marketing, actuarial, legal, underwriting, claims and other departments. We also provide underwriting, public affairs and legal drafting services in the areas of D&O, E&O and Cyber risk insurances.
  • Zurich Financial Services
    Chief Innovation Officer, Zurich North America
    Zurich Financial Services Jan 2009 - Apr 2011
    Zurich, Zurich, Ch
    Responsible for Zurich Proposition Development and Research Marketing for Zurich North America Commerical. See press release in attached documents.
  • Internet Security Alliance
    Chairman
    Internet Security Alliance Jan 2001 - Apr 2011
    Trade Association promoting best practices in cyber-security.
  • Financial Services Information Sharing And Analysis Center (Fs/Isac) Llc
    Board Of Directors
    Financial Services Information Sharing And Analysis Center (Fs/Isac) Llc Jan 1999 - Oct 2009
    The "business" board member advising the company and Treasury on economic, business and marketingissues for this network security information and advisory non-profit created by the Department of Treasury.
  • American International Group
    President, Aig Product Development
    American International Group Jan 2004 - Jan 2009
    New York, Ny, Us
    Worldwide center of expertise for product development for the general insurance segment of American International Group.
  • American International Group
    Chief Operating Officer, Aig E-Business Risk Solutions
    American International Group Jan 2000 - Dec 2003
    New York, Ny, Us
    COO of worldwide leader of network security and e-business insurance solutions.
  • American International Group
    General Counsel And Chief Underwriting Officer, Aig National Union
    American International Group Jan 1987 - Dec 1999
    New York, Ny, Us
    Various legal and underwrting executive positions with AIG's National Union subsidiary, the largest provider of management and professional liability insurance. Company wide Chief Underwriting Officer and General Counsel from 1993 to 1999.
  • American International Group
    Associate, Jacobowitz And Lysaght
    American International Group Sep 1983 - Sep 1987
    New York, Ny, Us
    Trial attorney for in-house counsel to American International Group.

Ty Sagalow Skills

Leadership Directors And Officers Insurance Strategic Partnerships Public Speaking Directors And Officers Liability Professional Liability Executive Management Insurance Network Security Insurance Enterprise Risk Management Legal Liability Litigation Management D&o Solvency Ii Financial Risk Strategic Planning Claim Strategy Underwriting Management Consulting Excess Innovation Risk Analysis Entrepreneurship Risk Management Marketing Expert Witness Liability Financial Institutions Reinsurance Policy Workers Compensation Casualty Actuarial Science Claims Management Corporate Governance Property And Casualty Insurance Governance Insurance Law Business Strategy General Insurance Small Business Management Product Development Commercial Insurance Commercial Lines Captives Mergers And Acquisitions Brokers Employee Benefits

Ty Sagalow Education Details

  • New York University School Of Law
    New York University School Of Law
    Tax Law
  • Georgetown University Law Center
    Georgetown University Law Center
    Law
  • Long Island University
    Long Island University
    Psychology

Frequently Asked Questions about Ty Sagalow

What company does Ty Sagalow work for?

Ty Sagalow works for Assurely

What is Ty Sagalow's role at the current company?

Ty Sagalow's current role is CoFounder & Chief Insurance Officer: Assurely; Founder & CEO: Innovation Insurance Group; Author: The Making of Lemonade.

What is Ty Sagalow's email address?

Ty Sagalow's email address is ts****@****hoo.com

What is Ty Sagalow's direct phone number?

Ty Sagalow's direct phone number is +151693*****

What schools did Ty Sagalow attend?

Ty Sagalow attended New York University School Of Law, Georgetown University Law Center, Long Island University.

What skills is Ty Sagalow known for?

Ty Sagalow has skills like Leadership, Directors And Officers Insurance, Strategic Partnerships, Public Speaking, Directors And Officers Liability, Professional Liability, Executive Management, Insurance, Network Security Insurance, Enterprise Risk Management, Legal Liability, Litigation Management.

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