SAN FRANCISCO, California – January 12th, 2021 – Insurance technology company Verikai, the leading predictive risk platform utilizing behavioral data for the health insurance industry, announced the promotion of Jeff Chen to President and Chief Revenue Officer. In his new role, Mr. Chen will oversee Sales, Marketing, Customer Success, and Recruiting. He will continue reporting to Verikai CEO, Hari Sundram.
Joining Verikai as the Vice President of Sales in January of 2020, Mr. Chen built and lead the Sales organization, resulting in a successful year of rapid growth and expansion for the San Francisco based company. He was also responsible for the company’s recent rebranding efforts and oversaw Verikai’s recruiting/hiring efforts over the past year.
“Jeff has done a great job strengthening our culture and building out the go-to-market functions of our company,” said Sundram. “He has been exceptional at bringing a cohesive strategy to allow our company to scale as we enter this next phase of aggressive growth. He is a tremendous leader and I’m excited to have him lead us to even greater success in 2021.”
From 2013-2019, Mr. Chen worked at Guidewire Software leading their Value Sales organization. He has worked for numerous consulting firms advising clients on sales, strategy, and operations within the enterprise software space. Mr. Chen earned his MBA from Georgetown University, MS from The George Washington University, and BS from Penn State University. He is based in San Francisco.
“I look forward to this year as Verikai expands to participate in greater risk-sharing opportunities with our current and future partners. We will increase our focus on customer relationships to make them as successful as possible, while aggressively expanding our footprint within the health insurance industry,” Chen said. “As we have put all the right pieces in place, we have high expectations for this and coming years.”
Verikai will be formally launching The Marketplace in late Q1 – a product built to match brokers with like-minded underwriters/carriers, facilitating increased new business. This is the first in a line of advances Verikai plans to make in 2021. With the continued efforts of Verikai’s team, the applied data company is preparing for an eventful year.
Founded in 2018, Verikai is an insurance technology company leveraging alternative data and machine learning to change the way the industry views risk. Our well-established database of more than 1.3 trillion data points includes over 4,000 behavior attributes for 250+ million people in the United States and provides deep insight to these individuals’ true health risks. With this data, Verikai generates risk reports in real-time with only a census. This greater insight helps insurance companies increase new business, reduce losses and improve efficiency in the underwriting process – and ultimately, provide consumers and businesses with greater access to a broader range of insurance products.