InsTech - insurance & innovation with Matthew Grant & Robin Merttens

16 "Banking is for children, insurance for grown ups". An interview with Brian Sullivan of Risk Information inc.

Brian Sullivan is well known in the US as the founder of Risk Information inc. and the publisher of the Property Insurance Report and the Auto Insurance Report.

Brian has been writing about and consulting to the insurance industry since 1993. Matthew Grant joined a select group of leaders from insurance and technology at his Property Insurance Report conference recently to hear about some of the latest trends in the industry. In this episode Brian talks to InsTech London about his love of insurance, and the real reason it's so hard for established companies to innovate (and it's not because the incumbents don't want to). We discuss what impact the wildfires of 2018 will have, sources of new data, the emergence of cyber as a new class of risk, flood shut off valves and connected homes. We also tackle important issues such as how insurers can effectively work with their insurance partners, the differences between the US and European insurance market and much more.

Brian brings a different perspective from many industry commentators when talking about data, analytics and Insurtech. He knows the industry from the inside and optimistic about the opportunities, but cautious about the speed of adoption.

You can learn more about Brian from at https://riskinformation.com/ including details of his 2019 Property Insurance Report conference, back again in Laguna Niguel, California in November.

Thanks to Todd Rissel and the team at e2Value, one of the leading providers of US property rebuild costs, for the introduction to Brian and his colleagues at Risk Information. 

15 - Brokers shaping the future. Lyn Grobler of Hyperion, Ben Rose of Aon and Howard Lickens of Clear

Innovation can be hard, but it's not impossible. Three of the leaders from insurance broking came together for the Novidea webinar on 28 November to talk to Matthew Grant about the practical steps they are taking to drive change using data, analytics, technology - whilst bringing their colleagues with them.

Lyn Grobler of Hyperion talks about how her experience of working in the Oil and Gas industries has helped her ensure that Hyperion can take advantage of its extensive data. Ben Rose from Aon explains how he is working with people across the world to create a unified way to bring new ideas to emerging opportunities. Howard Lickens, founder of Clear explains how important culture is when successfully acquiring new companies and why he chose to invest in start up Konselio rather than build something internally. 

And not surprisingly, for everyone, the client is at the heart of what they do.

In 30 minutes we covered many of the themes from the white paper on this topic written by Matthew Grant and Roi Agababa CEO of Novidea, earlier this year. 

14 - The Great Insurtech Debate Part Two: "Who will own the future of insurance?”

In the second part of the Great Insurtech Debate, held at The Steelyard, London on 30th October, Instech London brought back together industry leaders for the second part of the evening to debate who will own the future of insurance. Speakers included Novidea, BoughtByMany, Trov, Zego, Zurich, EOS Ventures, InsurTech Gateway, AXA ventures, KPMG and Deloitte. Many thanks to our sponsors for the night, SAS and Novidea.

 

Listen to podcast 13 for the first part of the debate - "Is the insurance industry failing its customers?"

13 - The Great Insurtech Debate Part One: "Is the insurance industry failing its customers?”

On 30th October, InsTech London brought together industry leaders at The Steelyard in London to debate whether the insurance industry is failing its customers in part one of the Great Insurtech Debate. Speakers included BoughtByMany, Trov, Zego, Zurich, EOS Ventures, InsurTech Gateway, KPMG, SAS and Deloitte. Many thanks to our sponsors for the night, SAS and Novidea.

Join Instech London, our speakers and another packed audience to hear what they had say -  and what our audience had to ask them.

The second part of the debate - Who will own the future of insurance?” - to follow in our next podcast.

InsTech London Podcast 12 - Todd Rissel, CEO of e2Value talks about developments in US property data information

Property insurance relies on good quality data about the characteristics of buildings, and the replacement costs after a loss.  Todd Rissel, CEO of e2Value was over in London recently talking about how his company has been providing replacement values to the US insurance industry for 20 years, and how he is now expanding his offering to provide more detailed information about US properties.

InsTech London Podcast 11 - Checking in on London, Chris Downer, XL Innovate, on InsurTech investing

Matthew Grant caught up with Chris Downer, Principal with XL Innovate when he was passing through London. XL Innovate is one of the most well known, and largest VC firms investing in insurtech. They have made 14 investments including Lemonade, Slice Labs, Cape Analytics, Embroker and Windward. Chris talks about how he has seen the investment potential mature in London over the last couple of years and provides some tips for investors looking to raise funds. He also reveals how he ended up working for XL Innovate. Chris joined us for the Instech London event on 8 October and shares his thoughts on that too. Chris sends out a daily newsletter and can be contacted on Chris.Downer@axaxl.com.

InsTech London Podcast 10 - Justin Balcombe talks about innovation in the London insurance market

Justin Balcombe, partner at BCG, speaks to Matthew Grant about why tech-enabled innovation and InsurTech is increasingly impacting the commercial and speciality insurance markets. Despite lagging behind other elements of insurance when it comes to tech-driven evolution, carriers, brokers and innovators are now taking the impact of digital increasingly seriously. Justin discussed the opportunities these changes bring and the symbolic and practical significant of the founding of the Lloyd’s Lab.

InsTech London Podcast 9 - Tangible solutions for intangible risks - Lexus Nexus, BMS and Parhelion.

With 80% of companies assets now intangible, major new opportunities are emerging for insurers, and the providers of technology to assess the risk. Nexus Mutual, BMS and Parhelion told us about their solutions.

InsTech London Podcast 8 - New solutions for old problems, managing industrial risks with Shepherd and Oil Spill Insurance

Who is working with commercial insurers to utliise IOT for risk management. Will Brocklebank, founder of Shepherd.Fm and Judy Hadden founder of Oil Spill Insurance told us what they are upto.

InsTech London Podcast 7 - Turning on, turning off - new innovations in on-demand insurance from Zego and Forest Car

A chance to hear Charlie Parmer and Harry Franks, the founders of two of London's recent startups, talking about how their businesses are using innovative approaches to technology to provide cost effective, targeted insurance. Recorded at our recent event  "Product Innovation Driving New Insurance Solutions" at the Steelyard. Learn more at http://bit.ly/2KPVKPt