Welcome to the MGA Founders Podcast, where Socotra CEO, Dan Woods, chats with innovative MGA founders to learn their stories, challenges, and visions.

In today’s episode, Dan talks to Dustin Lemick. Dustin is the founder and CEO of BriteCo, a personal property insurtech ​​transforming the status quo in a timeless industry: jewelry retail.

Dustin talks about growing up in a family of jewelers and how it led him into the world of insurance (4:50), including some of the challenges and quirks of the jewelry business (21:00). Dan and Dustin discuss the unique claims process for expensive jewelry items (11:18) and how to mitigate the potential for fraud (14:10).

Dan and Dustin also talk about embedded distribution (24:44), reinsurance in the jewelry industry (27:41), and some of the exciting things on the horizon for BriteCo.

This podcast is brought to you by Socotra, the modern core platform bringing unparalleled speed and ease to insurance technology. With Socotra, global insurers and insurtech MGAs can accelerate innovation, reduce costs, and improve customer experiences. Visit socotra.com/mga to see why more insurtechs trust Socotra than any other core platform.