Art Agrawalâ€™s Jerry is the top car ownership super app; Jack Kudale founded industryâ€™s first AI-powered cyber insurance provider
Three Indian American executives â€” Art Agrawal, Jack Kudale and Rajeev Gupta â€”figure among the Financial Technology Reportâ€™s Top 25 InsurTech Executives of 2021 â€œat the vanguard of a new era for the rapidly growing InsurTech sector.â€
Agrawal is the Co-Founder and Chief Executive Officer of Jerry, the car ownership super app, while Kudale is the Founder and Chief Executive Officer of Cowbell Cyber, the industryâ€™s first AI-powered cyber insurance provider. Gupta is the Co-Founder and Chief Product Officer at Cowbell Cyber.
â€œThis yearâ€™s executives are at the vanguard of a new era for the rapidly growing InsurTech sector, as the next generation of businesses and consumers seeks the highest-quality insurance services that fit their needs for convenience and affordability,â€ New York-based market research firm said in a press release.
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â€œAlready well known and staying current with technology trends, the companies represented on this yearâ€™s list are poised to ascend as major players across a global market which is projected to reach $11.9 billion by 2027,â€ it said.
â€œWith these leaders more than capable of adapting their operations as industry trends dictate, the evolution of InsurTech will mean record business for their enterprises,â€ the Report added.
Art Agrawalâ€™s success, the Report noted, â€œwas truly born of industry disruption, as he formed Jerry to shake up the century-old car insurance process, launching an AI and ML-based insurance comparison service that now saves more than 1.5 million customers approximately $850 a year.â€
Jerry â€œwas born of Agrawalâ€™s desire to eliminate hassle from his own frustrating, expensive, and time-consuming experiences with car insurance, financing, repair, maintenance, warranties, and parking,â€ it said.
Founded in 2019, Jerry is the #1 rated and most downloaded app in its category.
Agrawal leads with a relentless focus on the customer experience as the company builds additional marketplaces to save customers time and money on all areas of car ownership.
Previously, he had founded on-demand car repair services provider YourMechanic, the 2012 winner of TechCrunch Disrupt.
As CEO, he grew YourMechanic to the largest company in its industry, with more than 2,000 mechanics across the US. Agrawal, who started his first company at 22, attended Drexel University.
Under Kudaleâ€™s leadership, Cowbell Cyber has racked up several awards for outstanding performance in 2021, the Report noted.
These include the PropertyCasualty 360 Insurance Innovator, CBInsightsâ€™ Cyber Defender of the Year, a nomination for Insurance Insiderâ€™s Disruptor of the Year, and being named in CBInsightsâ€™ FinTech 250.
Kudale brings 25 years of business experience, having led three venture-backed Silicon Valley cybersecurity and data analytics startups after a long stint as an executive in charge of distribution at a Fortune 500 software company.
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He is a frequent speaker at industry events covering topics such as the future of cyber insurance and the use of AI and technology to enable continuous underwriting for cyber.
Kudale earned an engineerâ€™s degree in electronics and telecommunications engineering from the University of Pune.
Co-Founder Gupta comes with 20 years of hands-on experience in software architecture and design of large-scale, secure enterprise applications. Gupta was the GM for the Application Protection business unit at Zimperium, a leader in mobile security.
Previously, at CA Technologies, he was the head of product for the Application Delivery BU, where he mentored several customer teams and led efficient software development strategies for Fortune 500 clients.
Read: 3 Indian Americans In The Top 25 InsurTech Executives List (January 11, 2022)
Gupta is a judge, mentor, and coach for international youth organization FIRST in addition to volunteering his free time teaching kids advanced electronics, robotics, and hands-on IOT projects.
He earned a Bachelor of Engineering in electronics and communication from the Netaji Subhas Institute of Technology and a Master of Business Administration in finance and marketing from Santa Clara Universityâ€™s Leavey School of Business.