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S1E13 | From wearables startup to $85M MGA: How he built one of the fastest-scaling MGAs in the industry feat. Adam Price, CEO, Kinetic

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Manage episode 506870362 series 3657528
Content provided by Peter Tilbrook. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Peter Tilbrook or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What if preventing injuries was just the starting pointβ€”and building an $85M MGA was the real story?
In this episode of The Age of the MGA Podcast, we sit down with Adam Price, CEO of Kinetic, who shares how an aerospace engineer turned a wearable device company into one of the fastest-growing MGAs in workers’ comp.
From pivoting away from hardware to building a claims-first MGA model, Adam lays out the hard-won lessons every founder, investor, and carrier needs to hearβ€”especially when it comes to funding, scaling, and surviving in today’s brutal insurance market.
πŸ”₯ Inside This Episode:
βœ… How Kinetic went from leasing wearables to launching an MGA with $25M in year-one premium
βœ… Why prevention tech alone won’t scaleβ€”and how claims management became their growth engine
βœ… The $500k mistake MGAs make by ignoring internal claims expertise
βœ… Why most MGAs chasing venture capital are doomed to disappoint
βœ… How to structure your MGA for profitability, not just premium growth
βœ… Adam’s legacy vision: claims oversight powered by AI, not hype
–––––––––––––––––––––––––––––––––––––––––
πŸ”— Stay Connected & Follow the Movement:
🎧 Subscribe on Spotify, Apple Podcasts & YouTube
πŸ“² Follow the Age of the MGA on LinkedIn β†’ https://www.linkedin.com/company/age-of-the-mga/
πŸ‘‰ Connect with the Hosts:
Doug Ver Mulm: https://www.linkedin.com/in/douglasvermulm/
Dylan Brand: https://www.linkedin.com/in/dylanbrand/
Peter Tilbrook: https://www.linkedin.com/in/peter-tilbrook-50832336/
πŸ‘‰ Connect with Adam Price & Kinetic:
Adam Price, CEO of Kinetic: https://www.linkedin.com/in/adamprice1/
Website: https://kineticcomp.com/
–––––––––––––––––––––––––––––––––––––––––
πŸ”₯ Sponsored by Loro β€” The No-Code Platform for Specialty Insurance
Want to take your MGA online instantly?
Loro helps MGAs, carriers, and brokers quote, bind, and distribute insurance products at scaleβ€”without ever writing code.
βœ… Launch your product anywhere in the world
βœ… Complete quote-bind-issue workflows
βœ… Real-time reporting, oversight, and compliance tools
πŸ”Ή Learn more: https://www.loroinsurance.com
–––––––––––––––––––––––––––––––––––––––––
πŸ“© Like this episode? Hit LIKE, SUBSCRIBE, and DROP A COMMENT.
Let’s build the future of MGAsβ€”together.

  continue reading

14 episodes

Artwork
iconShare
 
Manage episode 506870362 series 3657528
Content provided by Peter Tilbrook. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Peter Tilbrook or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What if preventing injuries was just the starting pointβ€”and building an $85M MGA was the real story?
In this episode of The Age of the MGA Podcast, we sit down with Adam Price, CEO of Kinetic, who shares how an aerospace engineer turned a wearable device company into one of the fastest-growing MGAs in workers’ comp.
From pivoting away from hardware to building a claims-first MGA model, Adam lays out the hard-won lessons every founder, investor, and carrier needs to hearβ€”especially when it comes to funding, scaling, and surviving in today’s brutal insurance market.
πŸ”₯ Inside This Episode:
βœ… How Kinetic went from leasing wearables to launching an MGA with $25M in year-one premium
βœ… Why prevention tech alone won’t scaleβ€”and how claims management became their growth engine
βœ… The $500k mistake MGAs make by ignoring internal claims expertise
βœ… Why most MGAs chasing venture capital are doomed to disappoint
βœ… How to structure your MGA for profitability, not just premium growth
βœ… Adam’s legacy vision: claims oversight powered by AI, not hype
–––––––––––––––––––––––––––––––––––––––––
πŸ”— Stay Connected & Follow the Movement:
🎧 Subscribe on Spotify, Apple Podcasts & YouTube
πŸ“² Follow the Age of the MGA on LinkedIn β†’ https://www.linkedin.com/company/age-of-the-mga/
πŸ‘‰ Connect with the Hosts:
Doug Ver Mulm: https://www.linkedin.com/in/douglasvermulm/
Dylan Brand: https://www.linkedin.com/in/dylanbrand/
Peter Tilbrook: https://www.linkedin.com/in/peter-tilbrook-50832336/
πŸ‘‰ Connect with Adam Price & Kinetic:
Adam Price, CEO of Kinetic: https://www.linkedin.com/in/adamprice1/
Website: https://kineticcomp.com/
–––––––––––––––––––––––––––––––––––––––––
πŸ”₯ Sponsored by Loro β€” The No-Code Platform for Specialty Insurance
Want to take your MGA online instantly?
Loro helps MGAs, carriers, and brokers quote, bind, and distribute insurance products at scaleβ€”without ever writing code.
βœ… Launch your product anywhere in the world
βœ… Complete quote-bind-issue workflows
βœ… Real-time reporting, oversight, and compliance tools
πŸ”Ή Learn more: https://www.loroinsurance.com
–––––––––––––––––––––––––––––––––––––––––
πŸ“© Like this episode? Hit LIKE, SUBSCRIBE, and DROP A COMMENT.
Let’s build the future of MGAsβ€”together.

  continue reading

14 episodes

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