InsTech London - insurance & innovation
Gary Hoberman: CEO & founder of Unqork: Accelerating innovation with no-code (73)

Gary Hoberman: CEO & founder of Unqork: Accelerating innovation with no-code (73)

March 22, 2020

This week's episode, recorded in February 2020 - is a great lesson in the "art of the possible" when it comes to having, and delivering on a bold vision. 

CEO & founder Gary Hoberman and his team have raised more than $150m for Unqork since the company was founded in 2017, to provide "no code" solutions to insurers. Today the company is working with a number of insurers, and at scale. Wondering if legacy is still a problem? Keep listening.  

Matthew Grant finds out how and why Gary founded the company on Episode 73 and why their no-code solution is capturing so much attention.

Topics include:

  • what no-code actually means
  • how companies are managing the move from legacy systems
  • making an impact with key decision-makers and investors
  • building a business and team at speed

A written summary of the key insights is on the InsTech London website podcast page

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Pandemic Podcast Special: Matthew Grant speaks to the industry experts (72)

Pandemic Podcast Special: Matthew Grant speaks to the industry experts (72)

March 15, 2020

This week we have a "pandemic podcast" special edition. A series of interviews recorded on Thursday 12 March, the day after the WHO had declared Covid-19 Coronavirus a pandemic.

In this 40 minute edition Matthew Grant sets the scene for exploring the potential for new and established innovation, analytics and data to help manage the spread of the virus in the short term, and improve insurance offerings and understanding and mitigation of the risk in the future. 

Matthew reviews the context of the pandemic to understand how what we are hearing in the news compares to medical opinion, talking to Dr Chris Martin. Whilst there has been modelling of pandemics and research in the medical community, it's been somewhat limited for insurance purposes. Robert Muir-Wood, Chief Research Officer for RMS, the catastrophe modelling company provides an overview of the issues, the impact from an insurance perspective and how Covid-19 can be modelled and losses estimated. 

The impact on the insurance industry will be significant. Sam Casey from Insurance Insider, has been talking to insurers and provides an assessment of the breadth of covers affected, and some of the largest unknowns such as the potential for cancellation of the Tokyo Olympics. Nick Wildgoose, formerly responsible for supply chain at Zurich Insurance, explains some of the challenges and potential pinch points.

SparkBeyond is providing AI tools to help the Italian government understand and manage the spread of the virus and Alex Easaw explains what they have been finding. 

Matthew released a companion article to this podcast on Saturday, available here on Linkedin. We are planning to continue to review the lessons to be learnt from Covid-19, impact on the insurance industry, data sources available and opportunities for innovation. 

Thanks to all our guests for taking the time to speak to us at a busy time, and Peter Roach of Visual Monkeys for the fast turnaround of this episode. 

 

Andrew Yeoman: CEO and Co-founder of Concirrus: A connected future for commercial insurance (71)

Andrew Yeoman: CEO and Co-founder of Concirrus: A connected future for commercial insurance (71)

March 13, 2020

Concirrus is one of the most well-known companies in London to have emerged in recent years, providing analytics for commercial underwriting to a growing list of insurers.

CEO and Co-founder Andrew Yeoman joined Matthew on Episode 71 to talk about his motivation for starting the company, how Concirrus has grown and the future opportunities for helping insurers and companies with risk selection and risk prevention.  

Topics include: 

  • How to be relevant when talking to potential clients
  • Finding relevance and insight in third-party data
  • New technology and the challenges and opportunities facing the industry
  • Developments in marine underwriting and commercial fleet insurance

Read and share our summary here 

You can hear more from Concirrus at our Lessons from Insurance Innovations in Motor, Mobility and Beyond evening event on 30 March, with Chris Gill among the speakers. More about what we are up to at: www.instech.london

To keep up to date with future podcasts and news from other InsTech London members, sign up to our weekly newsletter.

David King: Founder of Artificial Labs: Organising the world’s data (70)

David King: Founder of Artificial Labs: Organising the world’s data (70)

March 1, 2020

After honing his skills and gaining experience in other industries, David King settled on insurance and, with co-founder Johnny Bridges set up Artificial Labs in 2013.

Today Artificial is helping deliver major efficiencies for insurance companies in how they collect and analyse third-party data.

David joined Matthew on Episode 70 of the InsTech London podcast and topics include:

  • Why the insurance industry is a great place to launch a business
  • The benefits of different accelerators and incubators
  • Lessons learned from Ping An and the Chinese market
  • Identifying the right technology mix for different clients
  • When to bring in a CEO
  • The importance of networking and relationship building

You can read more key highlights from Matthew and David’s conversation on the InsTech London website.

David also appeared on Episode 22 of the podcast, appearing on stage at our event in April last year to discuss the launch of Tarian’s new cyber MGA. 

Membership details and other enquiries: hello@instech.london

InsTech London Podcast Host: Matthew Grant

Produced by Simon Fyles: simon@instech.london

Edited by Peter Roach: visualmonkeys.co.uk

 

John Cavanagh: Co-founder Beat Capital: Supporting entrepreneurial underwriting at Lloyd’s (69)

John Cavanagh: Co-founder Beat Capital: Supporting entrepreneurial underwriting at Lloyd’s (69)

February 23, 2020

Proving that it's never too late to start a new business, John Cavanagh retired as CEO from Willis Re in 2017 to set up Beat Capital with Tom Milligan (previously Co-CEO of Ariel Re). Today Beat Capital is supporting multiple underwriting businesses, set up by experienced and entrepreneurial underwriters.

John has been working for over 45 years in insurance, including 21 years at international specialty reinsurance broker RK Carvill where he was joint CEO. In addition to running Beat Capital, John is Chairman of Slipcase, founded by Alex Hearn. 

It was a real pleasure to speak to such an experienced and well known figure from the global insurance market. Matthew has known John for many years and he is a long time supporter of the use of technology, data and analytics to enhance underwriting and risk management.  

This wide-ranging discussion includes:

  • Launching a start-up
  • The importance of Lloyd's in the global insurance market
  • The balance between using analytics and underwriting intuition
  • The role of the new "Syndicate in a box" at Lloyd's (and what that actually means)
  • Why John got involved with Slipcase and why what they do is so relevant for insurance
  • Getting the right work-life balance

You can find, read and share the summary of this discussion, along with all our other podcasts at https://www.instech.london/podcasts

Membership details and other enquiries: hello@instech.london

InsTech London Podcast Host: Matthew Grant

Produced by Simon Fyles: simon@instech.london

Edited by Peter Roach: visualmonkeys.co.uk

Richard Hartley: CEO & Co-Founder of Cytora: Underwriting analytics for commercial insurers (68)

Richard Hartley: CEO & Co-Founder of Cytora: Underwriting analytics for commercial insurers (68)

February 16, 2020

As data becomes more widely available, underwriters may have more information to select and price the business they are taking on, but they don't have more time. This week Matthew Grant talks to Richard Hartley about how Cytora has grown since 2014, the challenges of being a founder and how the company helps insurers identify and focus on the accounts that are going to be more profitable. Topics include:

  • Finding investors as a start-up and scale-up
  • The challenges of building a team as the company evolves
  • Cytora's clients
  • Distributing through other platforms
  • The role of accelerators and incubators 

For a written summary of this discussion - and more information about Instech London go to https://www.instech.london/podcasts

Membership details and other enquiries: hello@instech.london

InsTech London Podcast Host: Matthew Grant

Produced by Simon Fyles: simon@instech.london

Edited by Peter Roach: visualmonkeys.co.uk

  

Future of Payments in Insurance: Mastercard and Davies Group (67)

Future of Payments in Insurance: Mastercard and Davies Group (67)

February 9, 2020

Live highlights from the InsTech London "Future of Payments" evening at The Steelyard on 21st January 2020 hosted by Robin Merttens and Matthew Grant

Mastercard's Ian Slater & Ruth Polyblank discuss: 

  • Why Mastercard is so enthusiastic about the opportunities of working with partners in insurance 
  • Lessons from the banks and fintech - and relevance for insurtech
  • Why data will change perceptions of insurance
  • How insurers can collaborate with Mastercard

Followed by Laura Harvey, Strategic Director at Davies Group on the benefits of virtual credit numbers (VCN) to speed up payments to policyholders.

A written summary of Ian, Ruth and Laura’s conversations is available on the podcast section of our website - https://www.instech.london/podcasts

You can also download the full agenda and photos from our Past Events section - https://www.instech.london/past-events/future-of-payments-in-insurance

Membership details and other enquiries: hello@instech.london

InsTech London Podcast Host: Matthew Grant

Produced by Simon Fyles: simon@instech.london

Edited by Peter Roach: visualmonkeys.co.uk

Nick Mair: CEO & Founder of Atticus DQPro: Delivering Data Certainty (66)

Nick Mair: CEO & Founder of Atticus DQPro: Delivering Data Certainty (66)

February 2, 2020

Data is at the heart of many decisions in insurance - pricing, risk mitigation, claims and capital management. But data needs to be high quality - and that requires constant diligence. 

CEO and founder of Atticus DQPro Nick Mair is Matthew’s guest on Episode 66. Nick talks about how he has successfully built a business, with no external funding, and which in only a few years has signed up a number of major insurance companies to help them manage and measure data quality.

Their conversation covered:

  • Awareness and adoption of data monitoring tools
  • Building a business without external investment
  • Make B2B sales to commercial insurers
  • Learning how to define and build products
  • Tips for aspiring founders
  • Podcasts and book recommendations
  • Pros and cons of accelerators and incubators

Read (and share) the highlights from this episode on the Podcast section of the InsTech London website, along with all previous episodes. 

If you are listening through a podcast platform and like what you heard, please leave us a review or comment. 

Membership details and other enquiries: hello@instech.london

InsTech London Podcast Host: Matthew Grant

Produced by Simon Fyles: simon@instech.london

Edited by Peter Roach: visualmonkeys.co.uk

Erik Abrahamsson: CEO & Founder, Digital Fineprint: Discovering the data to drive decisions (65)

Erik Abrahamsson: CEO & Founder, Digital Fineprint: Discovering the data to drive decisions (65)

January 26, 2020

Ask someone to name some of the more successful UK insurtech scale-ups and Digital Fineprint (DFP) often gets a mention.

In 3 years CEO and Founder Erik Abrahamsson has taken DFP from holding meetings in a garden shed to raising £7m in funding and securing an impressive list of clients. 

He joined Matthew on Episode 65 of the InsTech London podcast for a conversation that covered:

  • Using new data sources for selecting and pricing SME insurance
  • Tips for a new company on pitching to prospective clients
  • Why in a world that is turning digital, personal contact still matters in insurance
  • How DFP is able to recruit senior people from established insurers 
  • Lessons learned from working in the Lloyd’s Lab

If you liked what you have heard then please leave us a review or a comment on your chosen podcast platform. Look out for the shareable summary of this episode at https://www.instech.london/podcasts

Membership details and other enquiries: hello@instech.london

InsTech London Podcast Host: Matthew Grant

Produced by Simon Fyles: simon@instech.london

Edited by Peter Roach: visualmonkeys.co.uk

Martha Notaras: Managing Partner, Brewer Lane Ventures: Investment, insight & influence (64)

Martha Notaras: Managing Partner, Brewer Lane Ventures: Investment, insight & influence (64)

January 19, 2020

The launch of a new Insurtech fund – Brewer Lane Ventures – was announced earlier this month. Martha Notaras will be Managing Partner along with founder John Kim. Martha was formerly part of the team at XL Innovate – investing in successful startups such as Lemonade, Cape Analytics and Slice and she has many years of experience in identifying and investing in technology companies in and outside of insurance.   

Martha is also well known as a lively and informed presenter and panelist at insurance and technology conferences. Matthew talks to Martha from her office in California. The topics they cover include:

  • New opportunities in insurtech including climate change and cyber. Why the past is not a good guide to the future.
  • Data and the challenges for insurers. 
  • How the reaction of incumbent insurers to the relevance of insurtech has changed over the last few years.
  • The best way to keep up to date with what is happening in insurance and technology
  • The goals for Brewer Lane Ventures and the type of companies it will be investing in

Look out for the summary of this discussion at https://www.instech.london/podcasts

Membership details and other enquiries: Hello@instech.london

InsTech London Podcast Host: Matthew Grant

Produced by Simon Fyles: simon@instech.london

Edited by Peter Roach: visualmonkeys.co.uk