InsTech - insurance & innovation with Matthew Grant

Dr Andrew Smith & Dr Oliver Wing: COO & CRO, Fathom: Understanding flood - from research to risk assessment (130)

Changes to the US government’s National Flood Insurance Programme have created opportunities for insurers to offer alternative solutions for protection against flood risk.

Fathom is one of the technology companies helping insurers to do that by providing accurate flood modelling hazard data for the entire US, down to a resolution of one metre.

Matthew is joined on Podcast 130 by Fathom’s Chief Operations Officer Dr Andrew Smith and Chief Research Officer Dr Oliver Wing to discuss the creation of its US flood model and how Fathom evolved from a university research project into a successful commercial product.

Talking points include:

• the impact of different types of flooding
• making data consumable through technology platforms
• tracking vulnerability as well as hazards
• the key focus areas for growing a business
• why insurance technology is attracting interest from other sectors

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If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

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.

To claim 0.5 hours for this podcast, go to the Episode 130 page of the InsTech London website, or email cpd@instech.london.

Cole Winans: Founder & CEO, Flyreel: Know your risk; the self-service property inspection tool helping insurers & their clients (129)

The most useful insurance products are often a combination of a simple concept powered by complex technology. 

Flyreel’s AI Assistant is a great example, harnessing the potential of AI in a practical application that allows policyholders to conduct self-inspections using their phone camera.

Founder and CEO Cole Winans joins Matthew to discuss how insurers are using Flyreel’s technology to create a comprehensive baseline record for underwriting, risk management and claims. Cole also shares some great tips on starting a company, finding customers and how to scale a business.

Talking points include:

• Balancing AI with human intervention
• How to sell to insurers
• Developing portfolio risk characteristics through data
• Why a mutual customer benefit is vital
• Building a company culture and collaboration

Sign up to our newsletter for a fresh view on the world every Wednesday morning.

If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

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.

To claim 0.5 hours for this podcast, go to the Episode 129 page of the InsTech London website, or email cpd@instech.london.

Charles Blanchet: VP of Solutions, ICEYE: Your satellite will be with you shortly: Rapid flood loss assessment (128)

Using its own constellation of microsatellites, ICEYE is providing insurers with high-resolution, building-level flood depths around the world immediately after an event.

VP of Solutions Charles Blanchet joins Matthew to discuss how the company is making satellite technology commercially viable, and how insurers are now able to provide rapid flood loss estimates and efficient claims settlements. 

Talking points include:

• How synthetic aperture radar can see through clouds
• Why the insurance division of this company has been engaged by leading insurers in only 12 months
• How aerial imagery is augmented with third-party data
• Parametric product solutions
• Making a complex offering easy to use 

Look out for ICEYE on our Live Chat panel on Thursday 1 April. The company will also be one of more than 60 featured in our forthcoming Location Intelligence report. 

Sign up to our newsletter for a fresh view on the world every Wednesday morning.

If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

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.

To claim 0.5 hours for this podcast, go to the Episode 128 page of the InsTech London website, or email cpd@instech.london.

Thomas Loridan & Nick Hassam: CEO & CCO, reask: Short term climate variability - forecasting with confidence (127)

The ability to accurately forecast annual changes in the likelihood of damaging hurricanes, cyclones and typhoons occurring has been a challenge in the past. 

 

Now, with advances in technology, research and the use of AI, new companies are emerging with techniques to provide insurers with the evidence they need to confidently change their assessment of potential catastrophe risks over the short term (less than one year).

Australia-based reask is rethinking how catastrophe models are built, with a global solution that has caught the attention of leading insurers and investors.

Co-founders Nick Hassam and Thomas Loridan join Matthew on Podcast 127 to discuss how they are helping insurers understand climate change, and why it is driving a greater frequency and intensity in natural disasters.

Talking points include:

• Why today’s models need a global focus
• Seasonal forecasting
• Machine learning and neural networks
• Integrating new approaches with historical views
• Tracking storms after landfall

Sign up to our newsletter for a fresh view on the world every Wednesday morning.

If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

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.

To claim 0.5 hours for this podcast, go to the Episode 127 page of the InsTech London website, or email cpd@instech.london.

Ed Leon Klinger: CEO, Flock: The insurer of the future has arrived (126)

Since its inception in 2015, Flock has grown from a promising insurtech to setting its sights on becoming a truly global insurance provider. 

The company’s micro-duration policies have made it a market leader for insuring drone flights, and it launched Flock Motor last year to provide flexible, digital-first products to the commercial motor space. 

CEO Ed Leon Klinger joins Matthew to discuss the company’s growth, its new connected vehicles division, and a whole lot more. 

Talking points include: 

• Finding funding and building a brand
• Identifying and researching new markets
• How to innovate with insurers
• Augmenting traditional datasets
• Embedded insurance solutions 

Sign up to our newsletter for a fresh view on the world every Wednesday morning.

If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

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.

To claim 0.5 hours for this podcast, go to the Episode 126 page of the InsTech London website, or email cpd@instech.london.

Arjun Ramdas: CEO, Charles Taylor InsureTech: Platforms, data collaboration and market efficiency (125)

A lack of standardisation and the ability to transfer data through the entirety of the insurance lifecycle remains a major challenge for the industry.

Charles Taylor InsureTech CEO Arjun Ramdas joins Matthew on Podcast 125 to discuss data collaboration between insurers, MGAs and brokers, and how Charles Taylor’s technology is supporting the Lloyd’s market.

Talking points include:

• Moving from on-prem to SaaS tech solutions
• The shift towards platform solutions
• Delegated Data Manager (previously known as DA SATS)
• Minimising paperwork through automation
• Forging partnerships with Systems Integrators

Sign up to our newsletter for a fresh view on the world every Wednesday morning.

If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

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.

To claim 0.5 hours for this podcast, go to the Episode 125 page of the InsTech London website, or email cpd@instech.london.

Top tips for fundraising: The founders' stories (124)

Money is the rocket fuel for business growth, but raising funds is a major challenge for almost every company looking to scale.

So how do you do it? Matthew asks three founders who secured early stage funding for their tips. Goncalo de Vasconcelos (Rnwl), Sam White (Stella Insurance) and Jonathan Spry (Envelop Risk) share the lessons they learned in turning start-ups into scale-ups.

The conversation was recorded from Raising Money: The Founders' Stories, an InsTech London Live Chat sponsored by Genasys Technologies. CGO Andre Symes also shared his insights on the key characteristics Genasys sees in successful start-ups.

Talking points include:

• Identifying potential brand advocates
• Crowdfunding vs bootstrapping
• What to expect from angel investors
• How to spot when you’re wasting your time
• The importance of having a strong narrative

Sign up to our newsletter for a fresh view on the world every Wednesday morning.

If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

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.

To claim 0.5 hours for this podcast, go to the Episode 124 page of the InsTech London website, or email cpd@instech.london.

Ben Hubbard: CEO & Co-founder, Parsyl: Cold chains, Covid & parametric insurance (123)

Since forming part of the first Lloyd’s Lab cohort in 2018, Parsyl has established itself as an innovative technology company, global cargo insurer and more recently, a vital part of the fight against Covid-19.

CEO and Co-founder Ben Hubbard joins Matthew on Episode 123 to discuss the company’s rapid growth. 

Listen now for more on how Parsyl is using sensors to keep vaccines safe in transit, combining traditional and parametric insurance, and why companies no longer have to ‘ship and pray’. 

Talking points include:

• Using data and automation to improve cold chains
• Designing technology that users understand
• Working with government organisations
• MGAs and launching a Lloyd’s syndicate
• Scaling at speed and future plans 

You can read edited highlights of the conversation on the Episode 123 page of the InsTech London website.

Sign up to our newsletter for a fresh view on the world every Wednesday morning.

If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

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.

To claim 0.5 hours for this podcast, go to the Episode 123 page of the InsTech London website, or email cpd@instech.london.

Robin Merttens & Mark Geoghegan: E-Trading Platforms: Challenges, Opportunities and Imperative (122)

Robin Merttens talks to guest host Mark Geoghegan ahead of the release of our new report on e-trading of reinsurance and complex risks. 

E-Trading Platforms: Challenges, Opportunities and Imperative examines the renewed interest in the platforms space, accelerated by Covid-19, Lloyd’s Blueprint Two and the needs of increasingly demanding customers.

Talking points include: 

• What’s needed to help e-trading catch on
• The lessons learned so far
• Who is doing what in the platform space
• How to get brokers on board
• The role that Lloyd’s has to play 

E-Trading Platforms: Challenges, Opportunities and Imperative is available to download from the InsTech London website. 

Sign up to our newsletter for a fresh view on the world every Wednesday morning.

If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

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.

To claim 0.5 hours for this podcast, go to the Episode 122 page of the InsTech London website, or email cpd@instech.london.

 

Mark Patterson, Deloitte & Mark Eastham, Avantia: What 8,000 people want from their insurer (121)

On Podcast 121, Matthew Grant talks to Mark Patterson from Deloitte about its survey, The Future of Home and Motor Insurance.

The survey is the result of interviews with 8,000 consumers across 12 countries. Mark Eastham, CEO of Avantia, which sells insurance under its HomeProtect brand, joins the discussion with a view from insurance. 

Talking points include: 

• The importance of simplicity
• Pros and cons of embedded insurance products
• Connected devices and what’s holding the market back
• Flexibility of policy systems
• Why parametric solutions are capturing consumer attention

Download the Deloitte report here.

Read edited highlights of the conversation on the InsTech London podcast page.

Sign up to our newsletter for a fresh view on the world every Wednesday morning.

If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

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.

To claim 0.5 hours for this podcast, go to the Episode 121 page of the InsTech London website, or email cpd@instech.london.