Summary:
Innovation often starts with asking tough questions, like: What if the systems we’ve always relied on aren’t equipped to handle today's complexities? By leveraging data and challenging outdated assumptions, new possibilities are arising in unexpected industries.
Today, we're sitting down with Jay Jackson, Chairman and CEO of Abacus Life, which trades under the symbol ABL. Jay joined Abacus Settlements in 2016 as President and Chief Executive Officer and has also served as CEO of Longevity Market Assets since June 2019.
He serves as a current member of the Orlando Mayor's Committee on Livability and as an Executive Board Member for the Senior Resource Alliance, an agency of the Florida Department of Elder Affairs. Jay began his career at Franklin Templeton Investments, and prior to joining Abacus, he co-founded and managed the Fayerweather Street Life Fund, as well as the Cambridge Life Management origination platform for FDO Partners, a three billion quantitative investment firm founded by Harvard Business School professor Ken Froot.
With over 20 years of experience in the financial services and life settlement industry, Jay is not only a pioneer in the life settlement and longevity industry but has also formed multiple verticals within that umbrella.
In this episode, we explore how Jay Jackson and Abacus Life are transforming life insurance into a powerful financial empowerment tool, offering policyholders and their loved ones newfound flexibility. He'll also tell us how Abacus is leveraging data to unlock hidden value and drive innovation across the longevity market.
Highlights:
- Abacus' background and mission (3:05)
- The total addressable market for Abacus in life insurance (4:14)
- Market competition and key business differentiators (6:10)
- Abacus' target audience and customer profiles (8:12)
- Abacus Life's business model and how it has evolved (9:49)
- Jay describes Abacus' technology platform and the value of data collection (12:11)
- How data insights will unlock opportunities for innovation and efficiency in the field (16:03)
- How life insurance policies will change if human lifespans increase (17:50)
- Jay describes the benefits of taking Abacus public (21:19)
- The senior team at Abacus Life (23:24)
- Future goals at Abacus and balancing growth with M&A (25:44)
Feedback:
If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer,
marion@lowerstreet.co.
What is Welcome to the Arena from ICR – Conversations with Today's Innovators & Business Leaders?
In the increasingly crowded and competitive corporate and financial ecosystem, it’s harder than ever for companies to break through the clutter and be heard. The media, investors, agenda-driven influencers, even customers and competitors, are defining your business story on their terms. Therefore, it is imperative that companies take control and proactively drive the conversation with stakeholders in an effort to build & maintain equity value.
In Welcome to the Arena from ICR, Co-Founder & CEO of ICR, Tom Ryan, interviews key business and financial players who influence the fate of public or aspiring public companies in the capital markets. As a former Wall Street Journal ranked sell-side equity analyst and the founder of one of the largest strategic communications firms in the world, Tom understands what it takes to navigate this complex environment.
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