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Insurance Journal: “Insurance Is ›Original Big Data Industry‹”

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Former independent agent Peter MacDonald is founder and CEO of Wunderite, an insuretech enabling commercial lines underwriting. Insurance has always been “the original big data industry,” Peter says on this podcast. The key for the industry to evolve its systems, because, “Who wants to work in an industry where all systems are built on technology, forms and terms that are really old?” Further, Peter adds: “I don’t think agents and brokers will go away. The ones who will be here will be the ones who embrace new technology. A lot is possible if you put your mind to it. Independent agents have an advantage – they really understand the space. It’s complex and onerous. It’s an enormous industry. You have to be a niche expert.”

Insurance Journal: “Insurance Is ›Original Big Data Industry‹”

Former independent agent Peter MacDonald is founder and CEO of Wunderite, an insuretech enabling commercial lines underwriting. Insurance has always been “the original big data industry,” Peter says on this podcast. The key for the industry to evolve its systems, because, “Who wants to work in an industry where all systems are built on technology, forms and terms that are really old?” Further, Peter adds: “I don’t think agents and brokers will go away. The ones who will be here will be the ones who embrace new technology. A lot is possible if you put your mind to it. Independent agents have an advantage – they really understand the space. It’s complex and onerous. It’s an enormous industry. You have to be a niche expert.”

Killing Commercial: Top 10 Companies to Watch in the Insurance Industry in 2022

David Carothers features Wunderite in his Top 10 Companies to watch in 2022. “The next one that I want to talk about is Wunderite. Peter McDonald at Wunderite is a beast. He’s competing with the big boys out there in the software world and does not care. He takes the headaches of filling out complex (we all hate Acord forms. Let’s call it what it is) and makes it easy. You can fill out Acord forms and supplementals and do all kinds of crazy stuff with the technology they’ve built, and it makes your job and your client experience so much better.”

WUNDERITE (WUNDER•ITE)

Portmanteau of the German “wunder” (miracle), and “underwrite”, the act of supporting a voyage by physically signing your name under a ship ‘s manifest