Cameron Nordholm, Head of Product at Covered Insurance (https://itscovered.com/) joins Mang-Git to discuss his framework and decision making on building product functionality in-house vs. buying off the shelf.
In this episode of Build vs. Buy, Cameron Nordholm, Head of Product at Covered Insurance joins Mang-Git to reflect on a pivotal decision he faced at his company regarding whether to build a custom solution or buy off-the-shelf software for embedded analytics. The discussion dives deep into Cameron's journey, highlighting key moments and insights that shaped his decision-making process.
Chapters
00:00 Introduction and Guest Introduction
00:32 Cameron's Journey in Insurance
01:18 Covered Insurance: Business Model and Role
03:16 Embedded Insurance and Innovation
03:49 Build vs Buy: Setting the Stage
06:37 Gainfully's Pivot to Enterprise
10:28 Challenges and Decisions in Build vs Buy
17:51 Team Alignment and Final Decision
21:10 The SWOT Analysis Debate
22:12 The Big Reveal: Build or Buy?
22:49 Flexibility and Customer Needs
25:39 Enterprise Focus and Reporting Challenges
26:49 Reflections on Decision Making
33:55 Exploring Professional Interests
35:50 Product Management Evolution
40:02 The Sonos Experience: Pros and Cons
42:48 Final Thoughts and Reflections