Solving Industry Classification with Alan Ringvald

Spartan philosophy, built in the black-ops lab of
business: https://www.findingpeak.com


Finding Peak podcast: https://linktr.ee/ryan_hanley





Alan Ringvald is the CEO of Relativity6, a best in class
insurtech company solving the very specific problem of business
classification. In this episode of The Ryan Hanley Show, Alan
explains that Relativity6 uses a proprietary process to create a
new datapoint for determining the NAICS code for a given
business. Industry misclassification is a HUGE problem in the
insurance industry. Don’t miss this episode…





Episode Highlights:


Alan explains that Relativity 6 focuses only on one kind of
data point for determining the NAICS code for a business.
(6:53)

Alan shares the key differences that they have, which
separate them from other InsurTech companies.
(11:17)

Alan shares his background story and how he ended up in this
the InsurTech industry. (14:46)

Alan shares something they are working on that will assess a
building for the last 10 years called "address only".
(19:37)

Alan admits that their technology still has limitations, like
not being able to find a holding company.
(24:00)

Alan explains the changes that have occurred in the tech
industry over the past 5 years in terms of privacy and security.
(29:00)

Alan shares that there is no tech company, not even
Relativity6, that can replace everything or fully solve any
problem. (38:09)

Alan explains that data information in insurance if used
correctly, is a strategic advantage. (45:56)

Ryan mentions that there is a substantial population of
agents that unconsciously have no intention of growing.
(49:10)






Key Quotes:


"The whole concept was, can we bring context to the table,
and make it make more sense, which is why we call ourselves
Relativity, which is obviously hard to say and spell." - Alan
Ringvald

"I will never say that, Relavity6, or any other type of
company is fully solving any kind of problem, it's like a crazy,
not real thing to say. I don't ever see that being the case." -
Alan Ringvald

"We're not here to replace the way humans think. We're just
trying to automate the process that could take you forever to do
and help you do that better and incrementally improve." - Alan
Ringvald






Resources Mentioned:


Alan Ringvald LinkedIn

Relativity6

Reach out to Ryan Hanley



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