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Bringing together the best technology and innovation for insurance and risk management together from around the world. Podcast hosted by Matthew Grant.
Episodes
Sunday Aug 06, 2023
Sunday Aug 06, 2023
We’re back with another “Partners’ Chat” as Robin Merttens and Matthew Grant reflect on what has happened in the world of innovation and insurance and where it is going next.
The conversation touches on InsTech’s various events in the year so far, the success of InsTech’s recent carbon offsetting report and a look forward to the progress being made by our members in analytics and data.
Talking points include:
- Claims ecosystems and interdependency
- An introduction to Carbon Offsetting: an insurance use case
- Technology resistance and adoption: from the ‘digital lipstick on a pig’ to the ‘Big Bang’
- Rips and Clouds in New York City
- A look ahead to our Cytora Evening Event
- The skill of the future: uploading data
- Chat GPT tells us what the value of an InsTech membership is
In addition to hearing from Matthew and Robin on the data disconnect in insurance and making life easier for underwriters, the conversation mentions recent developments from our member community including examples from Overstone, CGG, Kroll, Aurora, Carbon Underwriting, hx, Send 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:
- Identify some of the key takeaways regarding the dynamic changes in the insurance industry, with a focus on emerging trends and innovations
- Summarise what the concept of carbon offsetting is within the insurance industry
- Identify the spectrum of technology adoption in the insurance sector, from incremental changes to transformative shifts
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 258 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 Jul 30, 2023
Sunday Jul 30, 2023
Launching a new insurance business is hard, particularly for those with limited experience in the complexities of a regulated market. OneAdvent can help. Joining Matthew this week are Tim Quayle, COO at OneAdvent and Matt Jones, Chief Strategy Officer at Cowbell, a cyber insurance company entering the UK market. We cover some of the important areas when launching an MGA - and proved that talking about insurance can even be quite fun.
Topics covered include:
- Core problems in launching insurance businesses and why “plumbers” are needed to fix them
- What you need from a partner when entering a new market
- The barriers to entry for cyber insurance businesses
- How to stay flexible and why it is the key to success
- What gives successful MGAs the “edge” in growing their business
In addition to hearing about Cowbell Cyber’s experience, we talk about other OneAdvent partners including OTT Risk and ARMD.
You can contact this week's guests, Tim Quayle and Matt Jones, 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 the primary challenges involved in launching an insurance business
- Describe the factors to consider when entering a new market in the insurance industry
- Summarise some of the unique challenges and barriers to entry faced by cyber insurance businesses
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 257 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 Jul 23, 2023
Sunday Jul 23, 2023
Reaching emission reduction and sustainability goals is becoming more important than ever. Supporting the carbon markets, including through new insurance products, can be a key way of doing this.
This week Matthew Grant speaks to InsTech’s own Ali Smedley - Senior Research Analyst and author of “Carbon offsetting: the insurance use case”.
To learn more, you can download the report here.
Topics include:
- The difference between a carbon offset and carbon credit
- Examples of carbon offset projects and their risks
- What’s happening with carbon insurance at the moment
- How data and technology companies can support insurers
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 carbon offset projects and their risks
- Describe what is happening in the carbon markets today
- Identify the difference between a carbon offset and carbon credit
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 256 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
Monday Jul 17, 2023
Monday Jul 17, 2023
While supply chains are under increasing pressure, many losses associated with cargo delays go uninsured. If shipments are late, perishable goods are lost, business is interrupted and budgets are overspent. Henry Gale speaks to Yann Barbarroux, CEO and Co-founder at Otonomi about the insurance product the company has built to cover supply chain delays for third-party logistics companies and freight forwarders.
Topics include:
- Getting cargo underwriters at Lloyd’s comfortable with a delay product
- Three approaches to distribution for new insurance products
- How the Ever Given ship stuck in the Suez Canal affected supply chains
- Customer responses to parametric products
- Otonomi's experience in the Lloyd's Lab
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 some of the financial challenges cargo shipment delays cause
- Describe some of the benefits of creating successful partnerships
- Identify the key role underwriters have in financial risk
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 255 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 Jul 09, 2023
Sunday Jul 09, 2023
Technology comes in many forms - some of it is very visible and accessible - but a lot of the important technology is working away out of sight - and usually out of mind. And many of the most successful companies are those that are building out this critical infrastructure.
Richard Tyler, Founder and CEO of Phinsys and Eric Butler, Head of Americas and Bermuda join Matthew Grant to discuss why Phinsys was launched.
Topics include:
- How to help insurers understand where they have been, where they are now and where they are going
- From frustrated business user to successful start-up founder - why these companies succeed
- Connecting the financial plumbing - the benefits of buy versus build
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:
- Describe some of the ways of successfully building a business & the challenges that must be overcome
- Summarise the transition of modern-day insurers
- Explain the importance of technological infrastructure
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 254 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 Jul 02, 2023
Sunday Jul 02, 2023
Send offers modular commercial insurance software to insurers, reinsurers and MGAs. The core offering is an underwriting workbench that supports from initial enquiry to bind. It’s a single place for underwriters to access data, documents and decision points. New insurers can use it as a core system, or for more mature companies, it can be bolted onto existing systems, including legacy. Send was founded in 2017 by three insurance veterans.
Topics covered include:
- How to sort through underwriting information that is unstructured and often unwanted
- How large insurers are able to accelerate the adoption of new technology
- How ChatGPT is being used to make sense of email
- Reducing the cost and risk of deployment
- How to avoid the challenge of making simple things simple but complex things impossible
- Revealing Send’s strategy of “continuous development”
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:
- Describe some of the advantages of using ChatGPT as an administration tool
- Explain the methods used to increase efficiencies when sorting data
- Summarise the key challenges faced when trying to solve complex issues
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 253 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 Jun 28, 2023
Wednesday Jun 28, 2023
Flood events are increasing around the world, with many losses uncovered by insurance. Whilst parametric solutions can help provide new capacity to insure catastrophic risks and widen access to insurance, parametric flood insurance is not yet as widespread as parametric covers for hurricanes or earthquakes, due in part to data and modelling challenges specific to flood.
Henry Gale speaks to Peter Lacovara, Head of Commercial, Floodbase about how the company is working to make parametric flood insurance possible with satellite imagery, machine learning and partnerships with insurers and brokers.
Topics include:
- Peter's experience leading parametric broking in North America at Marsh
- The types of companies looking for parametric flood insurance
- Training a machine to find flood water in satellite images
- What 'fractional flooded area' is and how it can be used as a parametric trigger
- Floodbase's work with FEMA on the US National Flood Insurance Program (NFIP)
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 some of the data & modelling challenges flood insurance encounters
- Describe how using satellite imagery can provide a solution to flood insurance
- Identify the key benefits of having different partnerships
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 252 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 Jun 25, 2023
Sunday Jun 25, 2023
The Florida insurance market has faced numerous challenges in recent years. For insurers to underwrite profitably in Florida, having the right hurricane reinsurance is essential. David Schmid, Head of Parametric Products, Reask and Brian Espie, Chief Underwriting Officer, Kettle, join Henry Gale to discuss the new parametric reinsurance solution Kettle and Reask have created for Florida hurricane risks.
Topics include:
- Why parametric can help insurers buy reinsurance that reflects their own view of risk
- The advantages of parametric reinsurance over industry loss warranties (ILWs)
- The data sources Reask uses to calculate hurricane wind speed at different locations
- How Hurricane Ian's wind patterns were unusual and why it matters
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:
- Describe some of the ways analysing natural disaster behaviours can help to underwrite
- Identify different reinsurance options and understand the importance of choosing the correct one
-
Explain why calculating hurricane wind speed is essential
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 251 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 Jun 18, 2023
Sunday Jun 18, 2023
Matthew Grant is back talking to another co-founder of a successful technology company. Louw Hopley is Co-founder and CEO of Root which is providing technology to support embedded insurance for companies in South Africa, UK and other countries.
Topics include:
- The advantages of building technology for companies in South Africa
- What an API really is and how it works
- The emerging use of Generative AI for writing and testing code
- Finding your business partner
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:
- Describe some of the advantages geographical locations have when considering where you should build-a-business
- Explain the pros and cons of using AI across insurance platforms
-
Identify some of the successes partnering with smaller start-up businesses can bring
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 250 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 Jun 11, 2023
Sunday Jun 11, 2023
One of the fundamentals of Insurance is understanding the nature of the risk. What happens when a bookshop adds in a coffee shop - is that riskier? Has this been communicated to the insurer? Does the premium change to reflect that? Matthew Grant is talking to Roger Ferrandis, COO and Co-founder, Wenalyze about how the company is helping insurers identify significant changes in their portfolio.
Topics include:
- How a leading insurer increased annual premium income by repricing its clients' business
- Building a start-up and surviving two pivots
- Sources of data around the world
- Making it easy to integrate into workflows
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:
- Identify some of the different methods used to increase business premiums
- Explain how to evaluate the level of risk in insurance
- Summarise how to effectively use data from a global perspective
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 249 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.