Ryne Ring
3.2K posts
Ryne Ring
@ryring
Insurance wholesaler | Insurance’s Mad Scientist | Embedded Insurance | Hoosier
เข้าร่วม Ocak 2011
613 กำลังติดตาม212 ผู้ติดตาม
I hope I don't come off like this... I'm not posting hustle/grind content. I'm posting "don't take equity in insurtech" trauma dumps.
Ty Robben@TyRobben
Startup founders will talk about all the sacrifice and how hard they work for impressions on x dot com While the grinders building up companies making same or bigger sacrifices as employee 653 pushing their company from $1b to $30b actually believe they’re being outworked
English
@BrokerSteve412 If you get really ballsy you could also say I’d take some risk here. Create a captive cell, fronting carrier, have the program manager underwrite.
English
@BrokerSteve412 Yeah correct. If you have $1M of premium in this vertical and can keep growing that. Go to someone like a Citadel and say here what can you do with this. Create a program, get more commission, get some profit bonuses in there.
English
Question for my insurance X people:
How often do retail agents get appointed as an MGA?
Is this common in certain verticals?
What challenges/risks do you take on as the MGA?
Contribute to reinsurance, filings, licenses, addl costs, etc?
English
Safe to say the experiment of the mid-major all star team did not work for @IndianaMBB this year. $13 million and no tournament.
English
@Broker_Brett has always been the king of the insurtech circles and ya’ll, he’s taking it to new levels.
English
@johnf260 @Broker_Brett Haha and I bet they require an admitted carrier. No exclusions. Scheduled additional insured.
English
@Broker_Brett @ryring I’ve got a program idea that I’ll give you a call on later. 😅
The Kobeissi Letter@KobeissiLetter
BREAKING: The US Development Finance Corporation is ~$200 billion short of the capacity needed to underwrite insurance policies for ships going through the Strait of Hormuz, per FT. Details include: 1. The US DFC was ordered by President Trump on March 3rd to insure vessels in the Strait of Hormuz 2. DFC reportedly has $154B of the $352B needed to underwrite insurance policies 3. Raising the total liability cap for the US DFC would require an act of Congress 4. Traffic in the Strait of Hormuz is now down by ~92% Nearly 20 million barrels per day of oil supply are currently frozen.
English
Rising gas prices renew focus on Dane County carpool program
STORY: wmtv15news.com/2026/03/05/ris…
English
Too many salespeople bounce around because they only identify as a salesperson. They just “sell.”
Be more than that… commit to obsession over every detail in your industry and the people you serve for at least a decade.
English
Ryne Ring รีทวีตแล้ว
This is how everyone should file taxes this year 🤣
English
@BrokerSteve412 totally. it’s hard looking at one account. Bigger picture wholesalers have a lower bind ratio/more submissions, gotta make money on the ones that do sell. It’s a balancing act unless you’re like an amwins/RT and they’re like here’s our rates take it or leave it
English
@ryring Gotcha! Not admonishing anyone efforts, more so just this specific instance 👍🏻
English
My wholesaler just sent me an Excess Auto quote from the insurer, and it’s paying 18% commission.
The wholesaler typically offers us 10% as the retail agent.
I am missing something here? What warrants the wholesaler keeping 8% AND adding a brokerage fee to the quote?
English
Ryne Ring รีทวีตแล้ว
Ryne Ring รีทวีตแล้ว
@TheRiskResource we have an internal program for active assailant we should talk to you about
English
How do you upsell in the commercial insurance space?
Layups I have noticed:
- Increased Excess capacity
- Standalone Terrorism
- Work place violence/Active Assailant coverage
English