Timothy Danker on IPO
From SelectQuote CEO Tim Danker on the company's IPO · · CNBC Television
“The IPO gives us the capital we need to really supercharge growth for the company, and part of that is to hire additional highly-skilled agents. There's a lot of hardworking Americans out of employment right now, and we're seeing very strong job applications, up over three times our normal levels.”
On , Timothy Danker, Chief Executive Officer & Director at SELECTQUOTE INC, spoke about IPO during SelectQuote CEO Tim Danker on the company's IPO on CNBC Television.
About Timothy Danker
Timothy Danker, CEO of SelectQuote, discussed the company's initial public offering in September 2020 during an appearance on CNBC's "Squawk Alley." He described the IPO as reflecting the company's 35-year history of providing consumer solutions for families, health, and property, and said the launch in a virtual environment demonstrated the business's solid fundamentals and resiliency. Danker noted that the IPO provided capital to hire additional agents, citing a rise in job applications during the pandemic. Danker characterized SelectQuote's business model as a direct-to-consumer hybrid combining digital tools and human advisory services. He stated that the company had seen heightened consumer awareness of health and protection insurance products during the pandemic, and he predicted that the shift away from in-home insurance sales toward online research and phone-based connections would continue. Danker also mentioned investments in technology, including a partnership with Amazon Web Services for cloud infrastructure, and data science initiatives aimed at lead generation, customer retention, and cross-selling. He said the company works with over 50 insurance carriers and that those partners were seeking more integrated collaboration during the pandemic.