Build vs. Buy

Cameron Nordholm, Head of Product at Covered Insurance

Episode Summary

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.

Episode Notes

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