Hemant Shah: Co-founder & CEO, Archipelago: Moving upstream - digitising and standardising customer data at source (145)

Archipelago is aiming to improve the data shared between insurers and their corporate clients related to property risks.

Archipelago is going directly to the original data sources - upstream from insurers to the risk manager and building owners. This is then collated and shared on a platform with brokers and selected insurers.

Co-founder and CEO Hemant Shah, previously founder of catastrophe modelling company RMS, joins Matthew to discuss how Archipelago is improving risk reduction and better access to reliable insights between all parties.

Talking points include:

• Finding the right problem to solve
• Building trust and sourcing data directly from customers
• Replacing spreadsheets and emails with technology
• The benefits of the network effect and collaborating with partners across the full value chain
• Launching a company remotely

Archipelago was named as one of the companies to watch in our Location Intelligence 2021 report, which is available to download from our website.

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Continuing Professional Development - Learning Objectives

InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme.

The Learning Objectives for this podcast are:

• Understand how property data can be sourced and updated
• Realise how data can benefit the insurer and insured alike
• Recognise some of the ways underwriters can utilise property data

If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 145 page of the InsTech London website or email cpd@instech.london to let us know you have listened to this podcast.

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