February 21, 2013

Ty Sagalow: What Influences Creativity and New Product Development in Insurance

In February 2013, WRIN interviewed Ty Sagalow on the role of innovation in the insurance industry in preparation for an upcoming series he will be hosting called “Innovations in Insurance” on WRIN.tv.

Many executives are looking to innovation and product development to spur new revenue.

In the first of a 3-part series Ty discusses the history of new product development and the influence of excess capacity and predictive modeling on innovation today. He also touches on the key elements of product development in insurance: demand, distribution and supply.

Ty Sagalow's unique background in legal, underwriting, policy drafting and claims – and his designation as a “qualified insurance expert” by the United States District Court for the Southern District of California – offers attorneys an unparalleled resource in D&O, E&O and Cyber insurance coverage disputes. He was also named "Most Helpful Expert" in a recent $8.7M coverage decision.

Mr. Sagalow served as Chief Underwriting Officer and General Counsel for AIG Executive Liability (formerly National Union Fire Insurance Company of Pittsburgh, PA), the world’s largest carrier of Directors and Officers Liability and Professional Liability Insurance. As General Counsel, Mr. Sagalow personally wrote or led teams that wrote all the D&O policies and many of the professional liability policies that AIG produced between 1988 and 2000 – policies which continue to serve as the foundational wording for the D&O and professional liability policies in the market today. As AIG Executive Liability’s Chief Underwriting Officer, Mr. Sagalow was charged with all underwriting interpretations and decisions for AIG D&O/E&O policies. In 2009, Mr. Sagalow headed up the team that rewrote all D&O policies for Zurich North America.

Ty is a cum laude graduate of Georgetown University Law Center and holds a LLM from New York University School of Law.

Innovation Insurance Group is an insurance consulting firm and insurance brokerage founded by 30-year insurance executive, Ty R. Sagalow, former Chief Underwriting Officer, General Counsel and Chief Innovation Officer at AIG, and former Chief Innovation Officer at Zurich, NA and Tower Group. IIG focuses on three core practice groups: product development, expert witness services (primarily in the Management and Professional Liability areas), and bitcoin industry brokerage services.

Learn more about Ty R. Sagalow
Learn more about Innovation Insurance Group
Learn more about InsurTech Consulting
Learn more about Bitcoin Insurance Agency

Lawline How Is InsurTech Impacting the Insurance Industry? (Update) (8/16/23) (video)
The Future of Insurance (with Bryan Falchukc) (Video Podcast Aug 2022)
InsurTech Ohio Spotlight with Ty Sagalow (Podcast 5/10/22)
Meet the Godfather of Insurtech… (The Insurtech Leadership Podcast)(12/20/21)
Why Insurance Industry needs Lemonade Insurance-Style Business Models (Silicon Review, 2019)
CIIA Conference: Innovation, Culture and Technology
May 13, 2021, Chili (Virtual)
Latin American Conference New Perspectives and Innovations for the Future of Insurance
Nov 4, 2019, Mendoza, Argentina
All Speaking Engagements