Bill Martin
kitchens . “ Most home insurance companies practically expect you to be a general contractor , able to know how much it ’ ll cost to rebuild your home two years from now ,” Martin says . “ Yet the majority of claims you make aren ’ t total loss claims .”
The approach taken by Plymouth Rock has had such great success that it has started bleeding into other business lines of the company . Plymouth Rock ’ s home business has exceeded internal expectations in terms of both growth trajectory and business profitability . While the insurance industry grew around 3 % last year , the Home Insurance Group grew 57 %. Rapid growth is not the main challenge ; competitors can grow rapidly by under-pricing the product . What sets Plymouth Rock apart from the many fast-growing insuretechs is how it keeps growth in line with profitability . Aside from a competitive market , the company has had to face detractors who operate traditionally and criticise new methodologies . “ There ’ s a lot of mischaracterisation in what we ’ re 109
Bill Martin
EXECUTIVE PROFILE
Bill Martin leads the Home Insurance Group at Plymouth Rock and also oversees Plymouth Rock ’ s reinsurance program . He joined Plymouth Rock in September 2016 . Bill has more than 30 years of experience in the property / casualty insurance industry . He has held senior positions at several companies including Farmers Insurance , Progressive and Travelers . He has been involved in four home and auto start-ups , most of which continue to thrive today . Prior to joining Plymouth Rock , Bill was President of Bankers Insurance in St . Petersburg , Florida . Bill has a B . A . in political science from Stanford University . He is an avid sailor , skier , trombone player and sports fanatic . www . fintechmagazine . com