The Future of InsurTech: Joel Albarella, New York Life Ventures

Joel Albarella, head of New York Life Ventures stresses that venture investing operates on a longer time scale than the ups and downs of politics and the economy. In Joel’s view the best is yet to come in the InsurTech space.

In this episode of Life Accelerated we speak with Joel Albarella, founder of New York Life Ventures, the Venture Capital branch of New York Life that is investing in emerging technologies with the aim of dramatically impacting the future of financial services.

The conversation with Joel makes a great follow-up from the last episode of Life Accelerated, where I spoke at the InsureTech Connect conference with Kim Pfiffner of Principal and Brian Poppe of Mutual of Omaha.

In that conversation we talked about the perspective gained since 2021, when we scarcely seemed to have emerged from the pandemic. Joel gives a similar kind of perspective that builds on conversations he and I have had over the years, including one from December 2020. While new challenges have emerged in addition to COVID, Joel’s perspective remains very optimistic. He stresses that venture investing operates on a longer time scale than the ups and downs of politics and the economy. In Joel’s view the best is yet to come in the InsurTech space.

This podcast is created in partnership with Equisoft. Don’t miss an episode! Subscribe today at https://www.equisoft.com/life-accelerated-podcast.

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