DealerPolicy, a market-leader in the rapidly-growing Insurtech segment, has hired industry veteran Weili Yuh as Chief Underwriting Officer. Based in Boston, Yuh will lead the underwriting process and portfolio management strategy.
COLCHESTER, December 3, 2018 - Yuh has 20 years of underwriting experience, joining DealerPolicy from Plymouth Rock Assurance where he was Managing Director of Underwriting and Product Management with a focus on personal lines. There, Yuh led product managers and analysts to spearhead the development of an innovative Usage Based Insurance program. Prior to that, Yuh led teams at PEMCO and Safeco Insurance. He holds an MBA from the University of Washington.
"Yuh is a key addition to the DealerPolicy executive team," says CEO Travis Fitzgerald. "As we expand from the northeast to the mid-Atlantic and nationwide, Weili will lead the development of strong carrier partnerships and further innovate our insurance solutions."
Says Yuh, "I'm thrilled to join DealerPolicy because we are transforming personal lines distribution with a few key ingredients: first, the partnerships with car dealers, which tap into a key event for the insurance buyer, and second, access to licensed agents equipped with digital tools that yield efficiency for the insurance operation while delivering a personalized touch at scale."
DealerPolicy is undergoing exceptional growth, working with over 200 dealerships across nine states to provide car buying customers with speed, transparency, choice, and access to licensed agents for their insurance needs. Currently partnered with over 30 insurance carriers, the company plans to expand carrier coverage nationally throughout 2019 and 2020, and over the same period grow its dealer partnerships by thousands.
DealerPolicy is a leader in the emerging Insurtech sector. With its seamless integration into the car buying process, the company's innovative solution enables car-buying customers the opportunity to purchase insurance by connecting them with licensed insurance agents while at the dealership or after they arrive home with their new car. The company delivers these benefits through an industry-first combination of partnerships with car dealers, a growing insurance carrier network, and access to licensed agents. DealerPolicy is currently operating in nine states with plans to operate nationwide by 2020.