Joao Cardoso De Jesus - Co-Founder & CEO of Lovys - Re-Imagining Insurance, Episode 4 of FinTexcellent™ (recorded 31/8/20)

Based in Paris, Visit Lovys here: https://www.lovys.fr/

At Lovys (Techstars Paris '17),  they are creating a new concept of all-in-one-insurance, enabling people to a have simple interface for all their protection needs from onboarding to claims and to pay a single monthly subscription instead of today's cumbersome mix of policies.

Joao speaks about his career so far, where he left London to go to Brazil where he disrupted the industry and started the first comparison website for insurance products. Talking about his role today as CEO and Founder of Lovys, he describes his main objective of the role as unlocking the full potential of the people of the team, and to really make sure that Lovys as a company, gives employees a platform to shine. Similar to that of a coach in a football team.

Biggest career lesson: when you are a startup and a CEO your role really changes from maximising your performance, to maximising the performance of a team. You are no longer just concerned about your output. 

#1 Unique point about Lovys: "our culture = our brand" - "why we as a team are bigger than the sum of its parts"

The Future of the industry - it used to be about seeing new tech and gadgets, now innovation is quite different.  e.g. the growth Tech companies like Uber and Airbnb, the tech is not truly disruptive as it was already there. Instead the innovation came more from their entrepreneurs leveraging existing technologies and creating new business models that until then were not possible or difficult to execute before.

At Lovys, similarly, they are leveraging existing technology, to re-invent insurance in this new language. Deploying a subscription model to this "Protection" category in your life. i.e. a Single provider through a single App, which is 'magical' for us as users. And that is the transition that Lovys want to make. 

#1 Message: we have an inherent problem as human beings where we tend to see this status quo as a permanent situation. I.e. need to look at and ask ourselves what is next, e.g. what does covid mean in 6 months time or 1 years time. 

And how Chris Martin in the Cold Play documentary before they became huge, summarises how they feel at Lovys today, to achieve great things in the future. But importantly to enjoy the journey and ride today as opposed to just achieving the end destination and goal. Lovys is a combined dream, not just Joao's dream, which is what makes it so much fun for everyone.