Stephens brings decades of insurance and risk management experience to insurtech startup.
ATLANTA, GA, June 25, 2019 /ReleaseWire/ — Atlanta-based business insurance platform Layr today announced that Mark Stephens, managing partner of Canal Capital Advisors and former managing director at Milliman, was appointed to its Board of Directors, effective as of June 15, 2019. Mr. Stephens will also be participating as an investor in a seed round of funding Layr is currently in the process of closing.
“We’re thrilled to welcome Mark to the Layr team and can’t wait to begin leveraging his deep insurtech knowledge and experience as we continue building the best business insurance experience around,” says Phillip Naples, CEO of Layr. “Surrounding ourselves with people of the caliber that Mark embodies will be key to Layr’s continued success.”
Stephens is former managing director of Milliman Risk Advisory Services and former executive director of The Milliman Risk Institute. With offices in key locations worldwide, Milliman provides enterprise risk modeling and operational risk consulting services. The Milliman Risk Institute supports research efforts to better understand the challenges and best practices for enterprise risk management activities. Previously, Stephens served as CEO of Aon eSolutions Group and as CEO of Aon RiskLabs. In 2011, Aon was ranked the largest insurance broker in the world based on revenue.
“I’m very much looking forward to serving on the Layr Board of Directors,” says Stephens. “Layr has transformed the way companies purchase business liability insurance by offering a modern intelligent alternative to the confusing online comparison engines currently available to underserved small businesses.”
Layr is an insurtech startup building better insurance. We use Artificial Intelligence (AI) to recommend and match companies with the insurance policies and coverage they need and accurately predict carrier pricing. Business owners complete an application completely online and instantly see a tailored quote that is paid monthly on a credit card. Layr was recently named to Atlanta Inno’s 20 Startups to Watch in 2020 list and the Technology Association of Georgia’s Top 10 Innovative Technology Companies 2020 list.
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