“We’ve raised 29 million dollars, which is definitely a lot, but I think the standards I’m used to are the ride-hailing market, and it’s actually pretty tame for that given how many years we’ve put into the business. But it is expensive in order to actually develop new simple insurance products and bring them to market in all 50 states. It requires a lot of infrastructure to be able to do that. Operating the business is totally automated, but the setup costs are pretty high.”