Founder and CEO, Clearcover
The insurtech movement is maturing quickly, to the point when veterans are finding new opportunities. Just a few years after helping launch American Family Ventures, Nakatsuji struck out on his own with Clearcover, an auto insurance startup that aims to reduce premiums by as much as half by leveraging AI and other advanced technologies and not spending as much on advertising. The company began selling policies in California this February and reached a $7.2 million premium run rate in under 90 days. “It's expensive to maintain outdated technology, buy celebrity endorsements, run commercials, and send an endless flow of junk mail,” Nakatsuji wrote in announcing the launch.