Ep. 241: Using a Distributed Ledger Platform for Subrogation
In case you missed it, GigaForce’s Founder & CEO Sanjeev Kumar Chaudhry and Chief Strategy Officer Kevin May appeared as guests in the
Spot On Insurance Podcast, North America’s most popular insurance podcast and among the country’s longest running insurance podcast. Mr Kumar Chaudhry and Kevin May discuss about the transformation of Insurance and Subrogation with technologies such as Blockchain and Distributed Ledger. How does this affect insurance carriers and the whole industry alike? Give a listen and find out how Gigaforce’s solution helps automate 70% of the subrogation process.
Spot On Insutance Ep. 241: Using a Distributed Ledger Platform for Subrogation – Click the Image Below
Sanjeev Kumar Chaudhry is the Founder & CEO of Gigaforce, a company that provides a SaaS-based platform focused on expediting subrogation, salvage processing, and recovery for insurance. Sanjeev has over 30 years of entrepreneurial and advising/mentoring experience in the tech industry. Kevin May is the company’s Chief Strategy Officer, responsible for providing innovative solutions to existing processes. Prior to joining the Gigaforce leadership team, Kevin served as the VP of Product Innovation – Subrogation at Verisk Claims, the President of Amali Solutions Group, and the CEO of Recclaim Software Solutions and Acclaim Resource Partners respectively.
Sanjeev and Kevin join us to discuss what a distributed ledger platform is (DLT) and how blockchain technology can revitalize the way the industry transacts with clients. Sanjeev shares what it was like to grow up in India, the time he moved to the US, and how he became a serial entrepreneur. Kevin describes his extensive experience in subrogation and what made him focus on such a niche industry. They explain how much automation a DLT can provide a business and what happens when DLT is applied to a company that already runs a complex AI-platform. They also discuss how Gigaforce helps its clients and what we can expect from them in the future.
What you’ll learn:
- Where we met Kevin and how long it’s been since we last saw each other
- Who Sanjeev is, his life in India, and how his career in the US began
- How ‘niche’ subrogation is in the insurance industry
- Kevin’s longtime experience in subrogation and why he never left this type of work
- What Sanjeev thinks of blockchain
- What a distributed ledger is and how cryptocurrency plays into it
- Why we should understand what subrogation means
- Kevin’s thoughts on how blockchain changes the way we communicate
- How DLT can improve the efficiency of a business with an AI system
- How safe DLT is when it comes to data security
- What companies need to do to determine if DLT is worth the investment
- What Gigaforce does and how they significantly impact their clients’ businesses
- What the future looks like for Gigaforce
- Distributed Ledger platforms can automate 70% of a subrogation claim.
Connect with Sanjeev:
- Sanjeev Kumar on LinkedIn
- Phone: (408) 314-2210
- Email: firstname.lastname@example.org