Kinetic Insurance, an innovative insurtech, announced yesterday that John Peters has joined the company’s advisory board.
The insurance operations chief (CIO at Lemonade Inc.) will guide Kinetic Insurance as the groundbreaking new insurtech looks to grow rapidly after the company’s recent launch in partnership with Nationwide. Kinetic Insurance provides policyholders with the same wearable safety technology that leading Fortune 500 companies trust to keep their workforce safe – at no extra charge.
“John Peters is one of the brightest minds in the business with a breadth of experience transforming insurance operations and truly disrupting the insurance sector,” said Haytham Elhawary, founder and CEO of Kinetic Insurance. “John brings the strategic leadership and industry relationships to Kinetic’s board that will guide us in truly reinventing workers’ compensation. We’re pioneering smarter insurance for the broker and the policyholder that leverages state-of-the-art technology proven to reduce both injuries and costs.”
John Peters is Chief Insurance Officer at Lemonade Inc. Prior to joining Lemonade, he held a multitude of executive roles for commercial insurance and loss control at Liberty Mutual and spent 10 years at McKinsey & Company’s global property-casualty insurance practice. Peters will advise the Kinetic Insurance executive team on all aspects of the business, including MGU strategy, carrier relationships, advanced underwriting and actuarial strategies, and the integration of novel datasets in our business.
“Kinetic’s tech and new approach to wearable technology intrigued me because they’ve built a simple device with a proven track record of significantly reducing injuries in a non-invasive way,” said John Peters. “This is the future of what commercial insurance should be: focused on both claims resolution as well as claims prevention.”