Mathematics enthusiast Brian Janitschke believes technological innovation is the magic formula behind insurance success.
Janitschke has reached this conclusion after gaining experience as both an actuary and an insurance program administrator. He started his career as an actuary at The St. Paul Companies, before co-founding Curry MacWilliam Janitschke Underwriters Ltd (CMJ Underwriters), an MGU specializing in New York real estate.
After that, he spent some time as vice president of professional liability at Fireman’s Fund and was leader of business intelligence at Western National Insurance in Minnesota. Janitschke is also known for his tenure with QBE North America, where he held the position of senior vice president within the insurer’s program division.
At the end of January 2018, Janitschke joined specialty insurance program administrator V3 Insurance Services LLC as chief operating officer and was quickly promoted to president in April. As an insurance technology advocate, he describes V3 as an “incredibly exciting” market leader in innovation. Insurance Business caught up with him to find out more about his latest career move:
After leaving CMJ Underwriters, I got back into the programing side of the business with QBE, where I was managing insurance programs. I had about 12 years of insurance experience on both the programing side and the managing side when the opportunity at V3 presented itself. I was a bit hesitant because the MGA space hasn’t been evolving that quickly, but once I’d spoken to Susan Rivera (outgoing president and CEO of V3), I quickly realized V3 was a great fit for me.
We’re also looking at opportunities to partner up with insurtech companies. V3’s strength lies in its insurance operations. If we can partner with insurtech companies who are focused on developing new products, ideas and innovation, and combine their capabilities with our excellent insurance operations, we have a very exciting future ahead of us.
I think the industry needs to embrace new technology. We tend to get caught up in legacy systems and in addressing short-term needs rather than looking at longer-term solutions. Embracing technology and new ideas that younger folks find interesting is critically important.
