Insurance company Metromile, Inc. has added financial technology veteran Betsy Cohen to its board of directors.
“Betsy is a world-class financial service, investing and insurance executive, and we are thrilled to have someone of her stature supporting Metromile,” said Metromile Founder and Executive Chairman David Friedberg. “We could not welcome a more seasoned industry leader to our board of directors to help us up-end the industry.”
Ms. Cohen is the founder, former CEO and chairman of both The Bancorp Bank and JeffBanks, Inc. and its subsidiaries. She has well over 40 years of financial leadership experience, including being chairman of the board of directors of FinTech Acquisition Corp. III, FinTech Acquisition Corp. IV, FTAC Olympus Acquisition Corp, and RAIT Financial Trust.
“I believe Metromile is doing what no one else can in the insurance industry: by building for each individual instead of rough classes or proxy groups, Metromile created a business with unmatched unit economics and most importantly, mass appeal and staying power with consumers,” said Ms. Cohen. “I believe that Metromile is bound for substantial scale as one of the only insurers leading the way toward the autonomous future, creating insurance that is fairer and provides more value.”