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Co-Founder & CPO, New Venture: Insurance Distribution & Data Platform

Diagram Ventures

Diagram Ventures

Operations
United States · Canada · Alberta, Canada
Posted on Friday, December 22, 2023

Summary

We are launching an end-to-end insurance technology solution that empowers wealth management firms to drive insurance sales and streamline their insurance operations across North America.

We are looking for an entrepreneurial and highly motivated Co-Founder and Chief Product Officer to bring the venture to success.

Please note: This is not an employee opportunity at Diagram Ventures, but in a new company created through our venture studio model. This company will be independent of Diagram Ventures, and the founding team will receive the majority of the equity in the venture.

The Opportunity

Investment dealers in North America represent the most important distribution and servicing channel for life insurance in Canada, yet financial advisors penetrate less than 15% of their wealth clients today. Pain points in advisor sales enablement and complex/expensive internal operations create large headwinds for wealth firms looking to scale their insurance portfolios.

We believe there is an opportunity to build an end-to-end insurance distribution platform that is purpose-built for the wealth management industry, enabling financial advisors to sell more policies and unlocking value for investment dealers.

The solution would focus on enabling embedded life insurance for wealth management channels in Canada, ultimately expanding across new product lines (ie. P&C) and adjacent financial service segments.

This venture has been significantly de-risked, with product-market fit verified and a solid commercial pipeline. The CPO should be able to create a positive culture, attract talent, attract enterprise clients in the financial services space and fundraise from reputable VC funds.

Who we are looking for:

We are assembling the dream team of entrepreneurs, technologists, and financial services experts. We are looking for an accomplished co-founder to lead the roadmapping of an insurtech company, grow a product team and build a high-quality product. If you are up for it, you will:

  • Collaborate with the founding team to refine and execute the product strategy, ensuring alignment with the company's vision and goals.
  • Lead the product development process, from concept to launch, and oversee the entire product lifecycle.
  • Work closely with the CEO to execute on an existing partnership opportunity with a design partner to bring a working MVP to market.
  • Build and manage the development roadmap, define and track KPIs, progress, and budget.
  • Establish and prioritize key product features and enhancements based on market research, customer feedback, and industry trends.
  • Develop and execute a go-to-market strategy, working closely with the sales and marketing teams to drive product adoption and revenue growth.
  • Build and maintain relationships with key stakeholders, partners, and potential clients in the financial services industry.
  • Foster a culture of innovation and excellence within the team, promoting creativity and cross-functional collaboration.

Background and experience:

  • Strong experience building and scaling solutions in the insurance distribution industry, ideally with a background working in life insurance MGAs / BGAs.
  • Experience building, launching and scaling B2B enterprise software products from the bottom up
  • Deep expertise in product management, with a minimum of 10 years in product / project management roles
  • Familiarity with integrating data from a wide range of insurance sources.
  • A proven track record in product leadership roles, hiring, managing and growing a team.
  • Exceptional leadership and team-building skills, with a passion for nurturing talent.
  • Strategic thinker with the ability to make data-driven decisions and adapt to a dynamic environment.
  • Outstanding communication and interpersonal skills.
  • Other desirable assets:
  • Proven track record of entrepreneurial success, with experience in founding or leading innovative technology ventures.
  • Familiarity with agency management systems (ie. Equisoft, iPipeline, APEXA) and life insurance products.

What you’ll get:

  • Significant founder equity
  • Competitive compensation
  • Market competitive health insurance and benefits

About Diagram Ventures

Diagram is a venture builder that conceives and launches technology companies in the financial, crypto, and climate industries. We've designed a unique platform for entrepreneurs who have a proven track record or domain expertise to start their next business by combining access to venture capital investment, hands-on support, and a vast network of partners and incumbents. Since 2016, Diagram has raised $380M and launched over 20 new companies across North America. Our ecosystem is home to 200+ angel investors, including 60+ entrepreneurs with >$15B in exits and an extended global network of corporate partners, investors, and builders. Notable Diagram portfolio companies include Synctera (Series A), Breathe Life (Acquired) and Dialogue (IPO).

Applying for this position

Diagram and its portfolio companies are equal opportunity employers. We appreciate your interest in working with us; however, only those applicants selected for interviews will be contacted. Diagram may contact you about other possible opportunities you may be a fit for. We launch five new ventures each year and are continually excited to talk to founders and top talent who want to join us.