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Business veteran Christopher Longo based Novum Underwriting Companions in 2019. As CEO, he lately led the corporate to its fourth 12 months of exponential income development and has seen its proprietary on-line insurance coverage market appeal to greater than 7,000 retail brokers.

Longo’s success within the trade lately led to his inclusion on Insurance coverage Enterprise America’s 2024 Sizzling 100 record, which acknowledges professionals whose innovation and excellence are shaping the insurance coverage trade.

At Novum, Longo drives the corporate’s tech-led strategy to problem-solving via data-driven selections and synthetic intelligence.

“Novum is targeted on modernizing an issue that has been round for years – how do you digitally transact industrial insurance coverage enterprise in essentially the most environment friendly method potential?” Longo informed IBA. “Our options are product-agnostic and can be utilized in any phase, however now we have chosen to initially give attention to industrial insurance coverage.”

Previous to forming Novum, Longo was COO and CIO of AmTrust Monetary. He stated the change in scale from AmTrust to a startup may be jarring.

“The most important problem pertains to the scale of our present platform,” Longo stated. “This progress is unbelievable, however it may be difficult, if not irritating, to go from an organization the scale and scale of AmTrust to a a lot smaller platform.

“What we do to beat this problem is to be exceptionally environment friendly at prioritizing what concepts and alternatives may have the best impression on the present firm,” he stated. “You should have a thick pores and skin in the case of concepts, as we’re brutally sincere with one another behind closed doorways. I’m pleased to report our course of is working very properly and the most important problem now we have is being affected person.”

Whereas serving at AmTrust, Longo helped the corporate combine greater than 70 corporations via acquisitions throughout the globe.

Being an efficient chief, he stated, requires “having the ability to rapidly scale back large-scale, complicated issues into smaller, digestible, actionable gadgets, perceive the order by which they should be executed, and the best way to appeal to the best expertise to the mission with the suitable construction wanted for achievement.”

Try the remainder of the IBA Sizzling 100 right here.

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