Ep #5: Bobby Touran, makes you hungry for insurance

12/18/23 • 50 min

Welcome back! You're tuned in to another exciting episode, and today we're diving again into the world of insurance with none other than Bobby Touran, the Co-Founder and CEO of Rainbow, an #MGA carving its niche in restaurant insurance. Trust me, by the end of this episode, you'll be hungry 🤤 for insurance insights!

Now, before we unravel the layers of Bobby's insurance journey, did you know that the meaning of 'Baabak' in Persian is Honest? And in the insurance realm, honesty is a cornerstone, shaping the very core of what we do.

Buckle up as Bobby takes us through his evolution from an eager insurance learner to building not one (Pathpoint) but two insurtech companies. We'll explore how his industry experience has molded his approach to tackling the unique challenges of restaurant insurance.

What sets Rainbow apart? Bobby spills the beans on their unique business model, focused on delivering value-added products and services for insurance agents. Plus, we'll delve into the crucial role trust plays in the insurance game and how Rainbow goes the extra mile to foster strong, trusting relationships with its customers, the insurance agents.

There's more! Bobby, or should I say Baabak Bobby Touran, shares his insights on growth opportunities in the commercial insurance space and drops some knowledge for investors eyeing the vibrant world of insurtech.

Stick around to discover:

The secrets behind Rainbow's unique business model;
Must-know tips for investors venturing into insurtechs;
Bobby's key takeaways about MGAs;
The art of creating a positive Loss Ratio;
Uncovering growth opportunities in the commercial insurance landscape

Stick around to discover:

The secrets behind Rainbow's unique business model;
Must-know tips for investors venturing into insurtechs;
Bobby's key takeaways about MGAs;
The art of creating a positive Loss Ratio;
Uncovering growth opportunities in the commercial insurance landscape

Previous Episode

Ep #4: Fireside chat with Broker Brett

In this episode of Policy in Wonderland, we embark on a captivating journey into the world of insurance alongside with Brett Fulmer AKA Broker Brett.

More than just an insurance broker, Brett's multifaceted persona encompasses an enterprising entrepreneur, investor, and influential figure (search for him on YouTube & on X (twitter), and of course, check his website.

Join us as we delve into a warm and insightful conversation, reminiscent of sharing tea by the fireplace. Brett's passion for the industry shines through as he generously shares his knowledge on a diverse range of topics:

The Evolving Role of Insurance Brokers;
Empowering Startups through Insurance Expertise: Discover how Brett guides startups through the complexities of insurance (special shout-out to Brett for introducing me to the great Curtis Goldsborough).
MGAs: Gain valuable insights into the role and impact of MGAs on the industry.
and more ...

Whether you're an entrepreneur exploring the insurance landscape, an aspiring innovator in insurtech, or a seasoned professional seeking to stay ahead of the curve, Brett's insights hold immense value. So, grab a cup of tea 🫖, settle in, and prepare to be enriched by this captivating conversation with Broker Brett.

Next Episode

Ep #6: Relentless Insurtech Community with Josh Hollander

It's always great to meet a new friend, and even more so when you share the same interests, especially when it comes to CrossFit.

As my guest today points out, CrossFit. is the perfect combination of competition and collaboration. And that, in my opinion, is also what succinctly describes our Insurtech and insurance community. On the one hand, there is competition between the different startups (healthy competition that should be) and even the startup itself is in constant competition against time. On the other hand, the essential collaboration between all the stakeholders involved in the community - insurance companies, insurance agents, technologists, claims, loss control, and anyone who is actually on the supply chain in our world.

Collaboration is the main topic with my guest, Joshua R. Hollander . Joshua R. Hollander has a leading podcast host in the Insurtech community called Insurtech Leadership Podcast that brings together and presents excellent interviews with various stakeholders in the community. I highly recommend listening, because the interviews are short but comprehensive and give you food for thought and the opportunity to delve deeper into things later.

Joshua R. Hollander brings his many years of knowledge and experience from the fintech world to help companies develop themselves in the field. As CEO of Horton International, they advise companies of all sizes and stages, focusing on unique and caring attention.

We discussed the insurtech industry, the missing qualities in C-level executives of startups, and his 2025 predictions, some of which were distinct.