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This profile was last updated on 4/7/16  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Jeff Chesky

Wrong Jeff Chesky?

Chief Executive Officer

Phone: (860) ***-****  
Email: j***@***.com
Insuritas
One Hartfield Boulevard Suite 301
East Windsor , Connecticut 06088
United States

Company Description: Insuritas, the nation's leading provider of outsourced insurance agencies, today announced that they have been chosen to provide La Porte, Texas-based Beacon...   more
Background

Employment History

199 Total References
Web References
Jeff Chesky, CEO of ...
exbuzz.com [cached]
Jeff Chesky, CEO of Insuritas, the agency behindOverstock.com's online insurance sales, also expects online sales of insurance will continue to evolve because there is a need for insurance companies to find a new way to distribute their products. But he doesn't think online comparison sites are the ones that can do it.
"Carriers are desperately seeking a new platform…but there has been no consumer call to action to support any lead generating model," he said, referring to insurance comparison shopping sites.
Insuritas' business model works by setting up online insurance "agencies" through local banks and credit unions nationwide and providing a complete "quote to buy experience. In 2014, it expanded to online retail with its Overstock.com partnership, which consumers havebeen slow to embrace. The platform has helped build an extended relationship with the Overstock constituency, 100 percent of which buy insurance, Chesky said.
He said Insuritas has been very successful in setting up what he calls "meta" agencies inside an ongoing business that have access to all of the customer data that carriers want when underwriting a risk such as credit score, income level and claims history. That is an element that comparison shopping sites are lacking, he said, because they don't have a complete insured profile and can't complete the policy transaction.
"The key ingredient to a successful meta agency is that the company where we set up the agency, or the insurance aisle, has access to nonpublic information," Chesky said.
...
Chesky said his firm will be setting up new meta agencies that have access to large pools of potential insureds with complete "data packets" on those customers.
...
Chesky and Moore agree that agents have a place in the future distribution equation - whatever that turns out to be.
...
Chesky believes consumers still want a trusted advocate; however, he thinks technology has made the traditional insurance agent voice irrelevant. The emerging insurance distribution models require a new generation of agents who can access and control customer data, and who can connect a customer's risk appetite to carriers digitally.
"The situation begs the question of what model will survive and bring digital engagement from the one product that every customer in America buys every single year," he said.
Jeff Chesky, CEO of ...
www.insurancejournal.com [cached]
Jeff Chesky, CEO of Insuritas, the agency behind Overstock.com's online insurance sales, also expects online sales of insurance will continue to evolve because there is a need for insurance companies to find a new way to distribute their products. But he doesn't think online comparison sites are the ones that can do it.
"Carriers are desperately seeking a new platform…but there has been no consumer call to action to support any lead generating model," he said, referring to insurance comparison shopping sites.
Insuritas' business model works by setting up online insurance "agencies" through local banks and credit unions nationwide and providing a complete "quote to buy experience. In 2014, it expanded to online retail with its Overstock.com partnership, which consumers have been slow to embrace. The platform has helped build an extended relationship with the Overstock constituency, 100 percent of which buy insurance, Chesky said.
He said Insuritas has been very successful in setting up what he calls "meta" agencies inside an ongoing business that have access to all of the customer data that carriers want when underwriting a risk such as credit score, income level and claims history. That is an element that comparison shopping sites are lacking, he said, because they don't have a complete insured profile and can't complete the policy transaction.
"The key ingredient to a successful meta agency is that the company where we set up the agency, or the insurance aisle, has access to nonpublic information," Chesky said.
...
Chesky said his firm will be setting up new meta agencies that have access to large pools of potential insureds with complete "data packets" on those customers.
...
Chesky and Moore agree that agents have a place in the future distribution equation - whatever that turns out to be.
...
Chesky believes consumers still want a trusted advocate; however, he thinks technology has made the traditional insurance agent voice irrelevant. The emerging insurance distribution models require a new generation of agents who can access and control customer data, and who can connect a customer's risk appetite to carriers digitally.
"The situation begs the question of what model will survive and bring digital engagement from the one product that every customer in America buys every single year," he said.
...
Topics:Andrew Rose, comparison shopping, CoverHound, customer data, Google Compare, Insuritas, Jeff Chesky, keith moore, online shopping, Overstock.com insurance
One person who isn't surprised by ...
www.insurancejournal.com [cached]
One person who isn't surprised by the decision to shut down Google Compare insurance site is Jeff Chesky, CEO of Insuritas, which provides online insurance agency functions to banks and credit unions nationwide.
Insuritas is also the agency that partnered with Overstock.com when it entered the insurance sales arena through its website in May of 2014. CEO of Overstock.com Patrick Byrne told Insurance Journal last year that sales of its online insurance offerings had been slower than it expected, with only a few thousand policies sold in its first nine months of business. Byrne said a company like Google could actually drive more consumers to accept the idea of purchasing insurance online.
Chesky, however, predicted that Google would experience the same obstacles that Overstock did in getting shoppers to move beyond getting a quote and actually completing the buying process online.
"Google's exit is no surprise. [Google's] delivery system is toxic to the consumer," he said. "Technology that promises an elegant solution but delivers a toxic solution even with a balance sheet the size of Google can't last very long."
Chesky said Google Compare's quick entrance and subsequent exit show it did not understand the industry.
"I believe the consumer still wants a trusted advocate. I thought Google would come to understand that and they never did," he said.
Chesky warns agents against celebrating the departure of the search engine giant. He said with the changes happening in technology, the traditional insurance agent voice isn't relevant anymore. The new insurance distribution models require a new generation of agents who can access and control customer data, and who can connect a customer's risk appetite to carriers digitally.
"I understand why [agents are celebrating], but the situation begs the question of what model will survive and bring digital engagement from the one product that every customer in America buys every single year," he said.
Marketing & Sales Archives | Renaissance Alliance
www.renaissanceins.com [cached]
Jeff Chesky, CEO of Insuritas, says what is different about this arrangement compared to its partnerships with banks and credit unions is that Overstock.com owns the agency and policies while Insuritas provides the backroom services, operational infrastructure and products.
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CEO Chesky says, "We will learn how to do adopt the best practices of e-commerce and retailing from Overstock and apply that to other partnerships."
Jeff Chesky, CEO of ...
www.piafl.org [cached]
Jeff Chesky, CEO of Insuritas, which is handling agency and policy details for Overstock, was quoted as saying “Consumers don’t want a relationship with an agent or even a carrier.�
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