Episodes
Sunday Oct 08, 2023
Sunday Oct 08, 2023
What does parametric insurance mean to Jonathan Gonzalez, Co-founder and CEO of Raincoat?
Raincoat is a technology company that works with brokers and insurers to develop and distribute parametric climate insurance for consumers in at-risk regions. The company is involved in parametric schemes around the world and aims to extend parametric protection to those exposed to disasters globally.
In this week’s podcast Jonathan speaks to InsTech’s Henry Gale, to discuss how Raincoat has expanded since the last podcast, and asks us to consider whether parametric insurance will ever simply be known as “insurance”?
Talking points include:
- Lessons from operating parametric programmes where pay-outs were triggered
- Why parametric insurance is relevant across the world
- Raincoat’s approach to collaboration with brokers, insurers and distribution partners
- How parametric insurance is a “tool”
- Consumer attitudes to parametric
- How will the category of “parametrics” evolve in the future?
To continue learning about the parametric insurance market, download our report "Parametric Insurance in 2022: the 150+ Companies to Watch".
If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co
Continuing Professional Development - Learning Objectives
InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Explain what parametric insurance is and how it can be scaled in the future
- Summarise the importance of collaboration in innovation
- Identify what lessons can be learnt from historical data and previous pay-outs to inform and aid the development of parametric insurance
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 268 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
Sunday Oct 01, 2023
Sam Taylor & Paul Merrey: KPMG: Generative AI - the insurer’s guide (267)
Sunday Oct 01, 2023
Sunday Oct 01, 2023
Chat GPT was launched a year ago in November 2022, and its existence has consistently brought to the forefront questions surrounding adoption and implementation of AI and technology. It comes as no surprise that insurers are increasingly exploring new opportunities made possible by generative AI.
In this podcast, Matthew Grant speaks to Sam Taylor and Paul Merrey from KPMG to discuss how generative AI tools can be integrated into the insurance industry. The conversation covers the importance of education and experimentation with regards to the implementation of AI, as well as the exciting developments occurring as a result of KPMG Ignition as well as Microsoft Copilot.
Key talking points:
- How the insurance industry is embracing generative AI
- Why technology moves quickly and then slowly
- How generative AI can help people do their roles better
- Chat GPT the librarian
- KPMG’s Summer of AI: educate, adopt, and infuse artificial intelligence
- Why experimentation is key to understanding the power of generative AI
Want to learn more?
Find below links to some key reading recommended by Sam Taylor and Paul Merrey on topics covered in this week’s podcast:
- Generative AI: From buzz to business value - 2023 KPMG Generative AI Survey Report
- KPMG/ Microsoft collaboration
- Insurance and Artificial Intelligence - the benefits and ethical considerations:
- Strategic Implications of Generative AI
- Trust in Artificial Intelligence: A global study (kpmg.com)
If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co
Continuing Professional Development - Learning Objectives
InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Identify key areas in which generative Artificial Intelligence can be implemented into the insurance industry
- Explain the positive and negative aspects of moving toward greater integration of Artificial Intelligence and Large Language Models
- List some of the recent technological advancements in the insurance industry
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 267 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
Wednesday Sep 27, 2023
Wednesday Sep 27, 2023
The first podcast in our series with PwC touches on the Scale-up programme for insurtechs and the key to transformation in speciality insurance. Matthew Grant speaks to Anthony Joseph, Partner and Andrew Caswell, Director of Insurance Consulting at PwC UK, on why insurers are now progressing with the move to digitization, what transformation really means and how - and which - insurtechs are the key to change.
Talking points include:
- The PwC insurtech Scale-up programme
- Digital adoption in the industry
- Specialty insurance and transform
- New generations of underwriters and new tools
You can find out more about PwC, their Scale-up programme and the successful candidates of Scale-up 2023 here.
In addition to hearing about PwC, we talk about transformation in the insurance industry touching on various InsTech members including Allphins, Cytora, hyperexponential, Send, Apollo Underwriting, Artificial, Convex, Rethink (Howden) and Vave.
If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co
Continuing Professional Development - Learning Objectives
InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Explain how the insurtechs can help innovate the insurance industry
- Describe how transformation differs from digitisation
- Identify the various methods of digital adoption
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 266 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
Sunday Sep 24, 2023
Sunday Sep 24, 2023
Parsyl is an integrated risk management and insurance solution for supply chains in food and health, which underwrites policies globally via its managing general underwriter in the US, its Lloyd’s cover holder and its Lloyd’s syndicate (Syndicate 1796).
Robin Merttens is joined by Gavin Spencer, Chief Insurance Officer at Parsyl, to discuss how the company is able to establish its identity as a data-led insurtech and a Lloyd’s of London consortium. This episode touches on the importance of data in improving underwriting, growth and development of start-up businesses, as well as how traditional marketplaces can cooperate and collaborate with leaders of innovation.
Talking points include:
- How Parsyl translates Math into English - the power of insights from data
- The low-hanging fruit model
- Lloyd’s, consortiums, syndicates and more
- Data Darwinism
If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co
Continuing Professional Development - Learning Objectives
InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Explain the definition of a data-led insurtech
- Describe the role data plays in business growth
- Identify the key collaboration techniques to get the most out of your business model
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 265 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
Sunday Sep 17, 2023
Sunday Sep 17, 2023
The climate has been on our minds since the record-breaking summer heat we had across the world. In this podcast we turn to matters closer to home. In this episode, Matthew speaks to Richard Garry, CCO at Gamma Location Intelligence, which provides software and data services to help insurers understand location risk and climate. Tune in to find out more about how Gamma is helping insurers adapt to the changing weather in the United Kingdom and Ireland, as well as listen in to InsTech’s first live demonstration on the podcast of Gamma’s Go Green platform, done in collaboration with AXA XL.
Talking points include:
- Why flooding follows wildfire
- The importance of customising and responding to client needs
- Go Green platform - how homeowners can mitigate risks associated with climate change
- MGAs and ecosystems - Gamma and collaboration
We’d love to know what you think about this episode - click here and add your thoughts to our LinkedIn post about it.
If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co
Continuing Professional Development - Learning Objectives
InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Explain how data for location analysis is collected
- Describe some of the ways climate change is altering risk
- Identify the key methods data providers help insurers with property and location intelligence
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 264 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
Sunday Sep 10, 2023
Sunday Sep 10, 2023
This week on the podcast Matthew speaks to a returning guest, Amrit Santhirasenan who is the Co-founder and CEO at hyperexponential. Their discussion focuses on pricing decision intelligence and what this means for insurers. Listen to find out more about hyperexponential’s evolution as a start-up since Amrit previously spoke on the podcast in 2019, and how hyperexponential want to “take the tech risk away” for “insurers to focus on the insurance risk”.
Are you an insurer or reinsurer interested in finding out more about hyperexponential? We are hosting a Breakfast Event in partnership with hyperexponential on 26th of September. Please register your interest and your place will be confirmed by one of our team.
Key topics include:
- Why insights, opinions and beliefs are as crucial as data
- How to avoid failure in projects - are you building a bridge or a network of roads
- Book recommendations for start ups owners
- hx Connect - the importance of ecosystems in partnerships
- What is your scope? The power of asking hard questions
In addition to hearing about hyperexponential, we talk about their clients including InsTech members Indico Data, Convex, Cognizant, Cytora and more.
You can also contact this week's guest Amrit Santhirasenan on Linkedin.
If you like what you are hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co
Continuing Professional Development
InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Outline some of the strategies for integrating pricing decision intelligence into an organisation's practices
- Identify a range of skills to assess and manage risks associated with technology projects
- Describe the significance of ecosystems and partnerships in the insurance industry
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 263 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
Sunday Sep 03, 2023
Sunday Sep 03, 2023
This week on the podcast we go into detail about an exciting partnership between two InsTech members. Robin Merttens is joined by David King, Artificial Labs and James Slaughter, Apollo Underwriting, following the two companies announcing an augmented underwriting collaboration. The portfolio will be underwritten Apollo's 1969 syndicate and will run on Artificial Labs' technology. Listen in to find out more about how this collaboration of innovators is going to transform underwriting.
Talking points include:
- Artificial Labs and Apollo - why collaborate?
- Technology as the driving force for change
- Why we need to embrace augmented underwriting technology.
- Wider market ramifications
If you like what you are hearing, please leave us a review on whichever platform you use or contact Robin Merttens and Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co
Continuing Professional Development
InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Summarise how collaborative partnerships can drive innovation and disrupt traditional insurance practices
- Describe some of the practical applications of technology in underwriting
- Outline the importance of embracing augmented underwriting technology and its potential impact on the underwriting process
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 262 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
Sunday Aug 27, 2023
Curious George meets Bob the Builder (261)
Sunday Aug 27, 2023
Sunday Aug 27, 2023
In this episode Robin Merttens moderates a panel discussion organised by Optalitix and hosted at Lloyd’s. Joining him were Dani Katz, Optalitix; Alison Quinlivan, Google; Ruta Mikiskaite, Swiss Re and Chris Mullan, Eigen Technologies.
The discussion touched on how the future of insurance is being changed by new technology and data sources and how the industry needs to respond. Tune in and hear from a panel leading the clamour for change and understand how Curious George and Bob the Builder can help…
Talking points include:
- 04:39 Real-time risk management is crucial.
- 06:45 Legacy technology hinders insurance innovation.
- 10:53 Embrace AI for insurance improvement.
- 15:06 Underwriters need time and tools.
- 22:38 Behavioural change needed for real-time risk management.
- 26:46 Technology enhances underwriters' jobs.
- 28:13 Technology should help humans thrive.
If you like what you are hearing, please leave us a review on whichever platform you use or contact Robin Merttens and Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co
Continuing Professional Development
InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Identify the significance of real-time risk management in the insurance industry
- Describe how legacy technology can act as a hindrance to insurance innovation
- Explain how artificial intelligence (AI) can be leveraged to enhance various aspects of the insurance sector
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 261 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
Sunday Aug 20, 2023
Paul Templar & Greg Massey: VIPR: Data-driven intelligence (260)
Sunday Aug 20, 2023
Sunday Aug 20, 2023
Matthew Grant is joined by Paul Templar, CEO and Co-founder of VIPR, and Greg Massey, US Advisor for VIPR. VIPR was founded in 2009 in the UK but has continued to grow and is expanding into the US following funding from PE firm Tenzing in 2020. Paul Templar has been with the company since its early days and Greg Massey joined recently having formerly been SVP - Head of Programs for Zurich in the US and a long history of working for US carriers.
Topics covered include:
- The key challenges and opportunities for companies expanding their presence outside of the UK
- Industry trends - what are you keeping an eye on?
- A preview of the coming “Real-time data exchange”
- Working with Lloyd's managing agents
- Helping companies justify buying decision
You can contact this week's guests, Paul Templar and Greg Massey, on LinkedIn.
If you like what you are hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co
Continuing Professional Development
InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Identify some of the key challenges and opportunities that companies face when expanding their presence beyond the UK
- Describe a range of industry trends within the insurance sector
- Summarise strategies for justifying buying decisions within organisations to improve ability to make informed and cost-effective choices
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 260 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
Sunday Aug 13, 2023
Matthew Grant: CEO, InsTech: Generative AI - what’s really going on (259)
Sunday Aug 13, 2023
Sunday Aug 13, 2023
Last week on the podcast we found out what Chat GPT had to say about InsTech. This week Matthew previews our newsletter on generative AI, particularly who is using it and where are we on the hype cycle.
For the curious, we have released a monthly newsletter dedicated to exploring the uses of generative AI across insurance.
Topics covered include:
- The three different reactions from insurers to integrating generative AI
- Our new Generative AI in Practice newsletter. Sign up here.
- How InsTech is using automation to help our workflow
In addition to hearing from Matthew, the conversation mentions recent developments from our member community including examples from Send, Inversion, Eigen Technologies, Future Processing, CyberCube, Marsh, CFC and many more.
If you like what you are hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co
Continuing Professional Development
InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Outline the current state of generative AI in the insurance industry
- Identify some of the different potential reactions from insurers when it comes to integrating generative AI into their operations
- Summarise a range of practical applications of automation in insurance workflow
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 259 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey