Embroker Names David Derigiotis Chief Insurance Officer

Derigiotis is tasked with leading development of innovative specialty insurance products for business verticals.

(David Derigiotis Chief Insurance Officer, Embroker. Source: Embroker.)

Embroker, a digital platform aimed at simplifying the purchase of business insurance, announced that David Derigiotis has joined the company as Chief Insurance Officer. Derigiotis comes on board at a pivotal time to continue Embroker’s momentum, and lead the development of Embroker’s innovative insurance vertical products, particularly cybersecurity, technology and privacy offerings, according to a statement from the company.

Derigiotis most recently served as Corporate SVP and National Professional Liability Practice Group Leader for Burns & Wilcox (Farmington Hills, Mich.), an international wholesale broker & MGA. He has 20 years of experience in the insurance industry, with particular expertise in complex cybersecurity exposures, data privacy law, regulatory requirements, and emerging technologies such as blockchain, decentralized finance and cryptocurrency. Derigiotis is also a member of the International Association of Privacy Professionals (IAPP) and holds many industry certifications.

Ben Jennings, CRO, Embroker.

“Embroker’s mission is to offer radically simple business insurance options through our digital-first platform for companies to get the right coverage at the best price,” comments Ben Jennings, Chief Revenue Officer, Embroker. “As we continue to expand our product offerings for different customer segments, David’s wealth of cybersecurity and privacy expertise will help ensure our products are the absolute best they can be.”

70+ NPS

Embroker reports that it delivers a high level of customer satisfaction in the industry, with a Net Promoter Score of 70+. With this NPS, Embroker indexes well above the overall insurance industry average of 42. In addition to its digital platform, Embroker has in-house experts available to guide customers through the buying process and to provide insight on risk management at key points throughout a company’s growth.

“Embroker is really innovating,” comments Derigiotis. “They’re uniquely positioned to best service their growing client base. Companies are getting a tailored commercial insurance experience that provides them with the right coverage for their specific industry in an easy, straight-forward, and streamlined way. I’m looking forward to making greater strides in advancing Embroker’s intelligent digital platform and building upon the company’s unique strengths and innovative business model.”

Embroker recently announced the launch of three new insurance products: one for cannabis dispensaries, one for venture capital firms and one for key business leaders. The company reports that it serves more than 9,000 customers, spanning from startups to publicly-listed multinational enterprises, and touts a suite of digital insurance options that includes products like Directors and Officers (D&O), Employment Practice Liability (EPLI), Errors and Omissions (E&O), Cyber, Crime and others.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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