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Patrick Mullikin, MBA 2019

MBA Students Gain Industry Insight from Leaders at Startup and Established Companies

by Patrick Mullikin, Class of 2019 Friday, March 16, 2018

In February, the Risk Management and Insurance MBA students prepared for several company visits in Chicago. As the intent was to develop a better understanding of the breadth of opportunity throughout the insurance industry, we visited both start-up and established companies that fulfill different customer needs. This blog discusses two of the companies, Clearcover, a startup which offers car insurance through a digital channel and a division of Aon that focuses on cyber insurance.

At Clearcover we were welcomed by the founder and CEO himself, Kyle Nakatsuji (MBA/JD, ‘12). As a fellow Badger MBA, Kyle was generous enough to share his experiences at the Wisconsin School of Business and how he utilized those experiences to start his career within insurance and build to his current position.

Kyle saw the potential to leverage technology and provide the average car insurance consumer with exactly what they want, the right amount of coverage at the right time for the lowest price. How exactly does Clearcover accomplish this goal? Well, they don’t waste your money on expensive advertisements and instead focus on the user’s mobile experience.

In fact, the whole company culture appears much more aligned with that of a tech startup than a traditional insurance company. The culture was made clear while eating pizza with the team and playing with Nerf guns.

At the time of our visit, their product had been available in California for just six days and customers were already being acquired. This is certainly a company to watch in the years to come. For more information about Clearcover I recommend visiting their website at as I’m sure they can explain it best.

The Clearcover visit showed how technology can be leveraged in the insurance industry, whereas the next stop to Aon focused more about how to protect that technology. After a brief introduction to Aon as a company, Clyde Ebanks CEO of Aon Global Client Network provided a global perspective of the insurance industry and how Aon fits into it.

Stephanie Dingman (BBA, ’97) then introduced her team as they explained the nuances of cyber insurance and some of the different exposures cyber insurance can cover, such as data breaches and system takeovers. Underwriters from AIG were also on-hand to discuss how cyber policies are written and what information is considered. An impromptu deal between broker and underwriter was then displayed to show an example of the process.

On behalf of all the MBA students in the Risk Management and Insurance specialization, I would like to thank Clearcover and Aon for hosting us during our trip to Chicago. Having the opportunity to network with professionals with roles within my industry of interest is a critical part of what makes the Wisconsin MBA so valuable. 

For more on our February 2018 trip to Chicago, read Site Visits Showcase Broker and Health Services Side of Industry.