Marty Young, CEO, Co-founder, Buckle talks about the impact of technology on the financial and insurance landscape of the shared economy.
1. Tell us about your role in Buckle?
I am one of two co-founders, along with my partner, Dustin Walsey.
2. Can you tell us about your journey into this market?
Dustin had this fantastic insight into the insurance needs of rideshare drivers and other gig economy workers. It’s a really tough problem that requires a comprehensive suite of technology, analytics, regulatory affairs, operational excellence and capital structure tools to solve.
3. How do you think technology is developing the Finance Sector?
The new distribution technologies are interesting, especially if it brings new ways of underwriting.
4. Can you explain how does your solution benefit Lyft Drivers?
We save drivers money – it’s really that simple.
5. What features of your insurance solutions differentiates it in the market?
We step in front of the entire risk of our drivers and our partners, simplifying the entire coverage structure and claims process.
6. What advice would you like to give to the Startups?
Identify a problem no one is solving, focus on solving it and get paid for it. Trying to build something cheaper is a losing strategy.
7. Which Startup technology has grabbed your attention?
Transportation Network Company (TNC) technology is changing the entire supply chain, as it has moved past rideshare and food delivery into retail. It won’t be long until many services are also dispatched to home and office via app, such as haircuts, locksmiths, plumbers, etc.
8. How do you prepare for a Technology-centric world?
I think we are already there.
9. Can you tell us about your team and how it supports you?
We have an amazing team. Dustin and I support them, not the other way around!
10. What are the major developments you are planning, in recent time?
We are out looking for additional acquisitions. More to follow.
11. Which Book are you reading these days?
I read the Bible regularly, but not much else these days. I know that sounds preachy, but I’ve read so many books that at some point I’ve realized that most ideas are not new but repackaging of existing ideas found in history and philosophy.
12. We have heard that you have a very joyful work culture, we won’t mind having a look at some of the pictures?
In the WFH environment, we have a weekly all-hands social.
13. Can you give us a glance of the applications you use on your phone?
TNC Apps!
