Ep. 232: Nestor Solari: Insurance Opportunities in Underserved Communities 

Apple Podcasts Rate and Review for SpotOn Nestor Solari is the Co-Founder and CEO of Sigo Seguros, an inclusive car insurance provider that primarily serves immigrants and other working-class populations who can’t purchase traditional auto insurance. The company seeks to extend a helping hand to those whose financial metrics aren’t seen as ideal by most insurance industries. Nestor believes the market for immigrants and other minorities locked out of traditional insurance will one day be the dominant market, and Sigo Seguros is simply leading the way. Nestor earned a degree in Finance from Penn State University, an MA in International Studies from the Lauder Institute at the University of Pennsylvania, and obtained his MBA from The Wharton School at the University of Pennsylvania. Nestor joins us to describe Sigo Seguros's vision to serve the underserved in the insurance industry. He shares the ideas that led to where Sigo Seguros is today and explains how his career in finance allowed him to have a better perspective when he started an insurance company. He discusses the challenges of being a company that serves a relatively small market. Nestor also shares what we can look forward to from Sigo Seguros in the near future. "There's a lot of opportunity to be unlocked in building a community around insurance." - Nestor Solari Today on Spot On Insurance: Nestor's life in Uruguay and his aspirations as a young man How Nestor's career in finance got started The turning point in Nestor's life that made him come back to America How Nestor found a career in insurance Why Sigo Seguros primarily works with financial services serving underserved populations The main reason Nestor founded Sigo Seguros Why they don't use traditional financial metrics to underwrite insurance Why offering products and services for everybody does not truly serve everyone The challenges of building inclusive products The story behind the name of their company What it's like starting a company as someone outside of the industry How supportive Nestor's family was when he started small Nestor's relationship with Bryan Falchuk What we can expect from Nestor and Sigo Seguros Key Takeaways: In insurance, traditionally, the less you think about it the better. The fewer touchpoints you have with your insurance company, the better. Resources Mentioned: The Future of Insurance: From Disruption to Evolution by Bryan Falchuk Connect with Nestor Solari: Sigo Seguros LinkedIn Twitter Instagram Email: [email protected] This episode was brought to you by….. Insurance Licensing Services of America (ILSA), America’s Premier Insurance Compliance and Licensing experts. To learn more about ILSA and their services, visit ILSAinc.com. Connect, Learn, Share Thank you for joining us on this week’s episode of Spot On Insurance. For more resources and episodes, visit SpotOnInsurance.com. Subscribe so you never miss an episode. Love what you’re learning, Spot Light your review on Apple Podcasts Rate and Review For SpotOn and share your favorite episodes with friends and colleagues!

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From Arleen and Ted Taveras the founders of Insurance Licensing Services of America, Inc. (ILSA) comes Spot On Insurance, a weekly podcast shedding light on all matters pertaining to the industry. Guests will include regulators, agency principals, captive managers, industry attorneys, and licensing coordinators. Discussions will range from basic insurance coverage explanations to complex regulatory challenges.