I challenged the market to be a bit more liberal in terms of how we experiment with new technologies. I challenge Verisk, and other vendors, and suppliers and partners to the market to really leverage that innovation to fail fast and to experiment. A quick experiment, whether it fails or succeeds, we’ll learn something from it.
Introduction
Robin Merttens is joined by CEO and President of Verisk Specialty Business Solutions (VSBS), Tim Rayner. The discussion covers VSBS’s acquisitions such as Rulebook and Whitespace for a broader digital ecosystem, and the challenges of decision-making and procurement in the London market.
Key Talking Points
- Growth and opportunities in the specialty market
- Acquisitions and the role of Whitespace and Rulebook
- The impact of London Market modernisation on Verisk
- The importance of providing solutions rather than products
- A challenge to the market to innovate
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This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, 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 how the London Market operates and how it can subsequently modernise its processes
- Explain what an acquisition is and why they are important for a company
- Identify the opportunities for change in the specialty market
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