Illuminating the Construction Insurance Market Through Data Aggregation
The Building BITE Podcast
Season 4, Episode 4
Nov 6, 2023
The Building BITE Podcast welcomes our guest, Ryan Famularo, Head of Growth at Procore Risk Advisors! Hear from the experts about illuminating your insurance options through data aggregation while leveraging historical data.
Special Guest
Ryan Famularo
Head of Growth at Procore Risk Advisors
We begin the episode by discussing Ryan’s professional career, where he had great exposure to the Construction Industry through AGC or the Association of General Contractors. Ryan joined Procore a little over 6 years ago and has not looked back, as he and the team developed a new path for the tech giant through insurance and risk management.
Please tune in to this episode of The Building BITE Podcast, as we hear from industry experts about key topics to help you be successful. The Building BITE hosts Chris Epps, LEED AP and Mike Diercksen, CRIS, welcome Ryan Famularo, Head of Growth at Procore Risk Advisors.
Without giving away the secret sauce, Ryan is able to leave our audience with some unique take aways with regards to data aggregation and their trail blazing approach to the insurance market:
- Leverage Your Historical Data: If you are not currently utilizing your historical data, then you are doing yourself a disservice. Firms that are using historical data are better equipped to present themselves and their best practices, removing the guesswork for the underwriters and enhancing their position in the marketplace. Bottom line, you need to leverage your data to improve your business.
- Viewing Insurance as a Business Advantage: Many firms view insurance as a necessity and a standard process where the results are final; however, this may not be to your advantage. By taking a second look internally and utilizing your historical data you can leverage past experience to receive better terms and rates while selecting your insurance. This practice will ultimately grow your bottom line and provide a more tailored approach to your insurance needs.
To learn more about how you can better prepare your firm for the opportunities ahead, listen to our full podcast episode with Ryan on “Illuminating the Construction Insurance Market Through Data Aggregation.”
Please like, share, and subscribe to this podcast!
Links:
View Procore’s website at Procore Risk Advisors
Connect with Chris Epps
Connect with Mike Diercksen