Karan Jain: Simplifying Insurance Services by Creating the Easiest Way to Shop for Life Insurance and Critical Illness Insurance
With the quick transition to digital and the growing emphasis on health and wellbeing, particularly during the COVID-19 pandemic, it became crucial to provide clients...Read more
Leading the Change in the Insurance Industry
“World’s Most Influential Leaders in InsurTech, 2022” is World’s Leaders latest edition that put insights on insurance sector its transformation due to tech advancements. The cover features Karan Jain founder and CEO of Life Simpli. He recognized a chance to change the insurance industry and works arduously every day to stay committed to this objective.
Before launching Star Life Ltd. and providing financial services to HNIs across the nation, Karan, a Chartered Financial Analyst (CFA) by trade, worked for about 5 years in the financial services industry. During that time, he interacted with several different service providers and discovered firsthand how time-consuming and difficult purchasing insurance is. This inspired him to start Life Simpli. Ontario, Canada has become the company’s base, and Karan has been highly embraced there. He says, “My success and accolades with establishing Star Life Ltd. and the prominent gap in the insurance industry were key motivators for founding Life Simpli.”
This change is indicated by World’s Leaders research on the heads of the technology departments at numerous American insurance companies. In addition, an industry known for looking inward to fill key positions is increasingly searching outside company walls as well as outside the industry itself; half of CIOs were hired externally, and CIOs who have held their position for under three years are twice as likely to have come from outside the industry. We spoke with a few important technology leaders in the insurance sector who are driving change in their organizations to learn more about these stark patterns of high rates of leadership turnover and the industry’s struggle to keep up with technological advancements. “World’s Most Influential Leaders in InsurTech, 2022”has featured many leaders InsurTech leaders like Karan Jain.
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