£370 million funding commitment


We were delighted to join the Lord Mayor of London and Michelle Donelan, Secretary of State for Science, Innovation and Technology, this week to discuss the UK government’s commitment to make the UK a “science and technology superpower”. £370 million of additional funding will be made available to support the UK’s “most exciting growing technologies” with support for funding for innovation. Given the vital role insurance plays in the global economy we’ll be doing our bit to help ensure some of this funding finds its way to the great companies we know - new and old - driving new opportunities in risk management.

InsTech in top 100 UK entrepreneurship podcasts

The title says it all. Thanks to all our great guests and the thousands of listeners that make it all worthwhile. Wondering what you missed? Here they are…

PODCAST: Property in three dimensions - Podcast 236

Dr Michael Bewley, VP of AI and Computer Vision, and Tony Agresta, EVP and General Manager, Nearmap, join Matthew Grant to discuss 3D modelling of properties, the differences between aerial imagery from aircrafts to satellites, and the critical role of partnerships and collaboration.

DIGITAL EVENT: Property Intelligence - understanding and managing natural hazards, 30 March, 2.00pm BST

With the launch of our latest report, Matthew Grant and Ali Smedley will be discussing catastrophe models, hazard data, risk mitigation and what has changed since InsTech's first location intelligence report in 2021, with speakers from Gamma Location Intelligence, EigenRisk and JBA Risk Management.

BREAKFAST EVENT: HazardHub from Guidewire – plugging your property data gaps, The Ivy City Garden, 19 April, 8.30am BST

We’ve a couple of spaces left to join Matthew Grant and HazardHub founder Bob Frady to learn more about HazardHub’s dataset of 1,400 attributes and how it was built. We will be reviewing the use of risk profiles to optimise portfolio performance and detailing how to build underwriting guidelines. Insurers and brokers only but dont delay in registering if you want to come along.

EVENING EVENT: How to optimise your underwriting portfolio, CodeNode, 25 April, 4.30pm BST

Join us at our next InsTech live event supported by Aon’s new Strategy and Technology Group to hear about how insurers, reinsurers, our technophile friends, and of course Aon itself, are using technology to improve underwriting performance.

VIDEO: Portfolios behaving badly with e2Value

In our recent Property Intelligence breakfast event, InsTech partnered with e2Value's CEO Todd Rissel to discuss how profitable insurers are managing their portfolios. Check out our short video for the key findings.

Shift Technology: Fighting fraud and financial crime 

InsTech’s Tara Allsopp spoke to Jeff Manricks, Sales Director at Shift, to discuss the company’s platform, which automates fraud and financial crime detection and discovered how Shift is partnering with other technology providers to enhance its capabilities. 

Tropical Cyclone Freddy - flood report

Tropical Cyclone Freddy lasted for a month and caused floods and landslides across large areas of southern and eastern Africa. JBA Risk Management’s event response team has produced a report for the event.

The Swiss Re sigma report on natural catastrophes has been published 

Global economic losses from natural disasters were $275 billion in 2022 of which only 45% were insured. Property reinsurance rates were close to 20-year highs in the January 2023 renewals driven by major catastrophes of 2022.

mea collaborates with Acquinex on submission processing

Technology company mea is providing tools to automate MGA Acquinex’s submission process and support improving compliance adherence.

FintechOS and Wenalyze partner on risk analysis & digital capabilities for insurers

Analytics software provider Wenalyze and FintechOS announced a partnership that will provide insurers with advanced risk analysis and assessment tools of SME customers.

Cytora and Addresscloud partner to give greater risk insights 

The partnership will embed commercial property attributes and peril scores into the Cytora risk processing platform, giving insurers more understanding of commercial property risk.

Arturo announces enhancements to its underwriting and claims assessment platform

Property intelligence company Arturo has invested in the development of its enterprise-wide solution to enable faster and more cost-effective decisions across underwriting, risk and claims.

INSTANDA webinar: Technology and Consumer Duty regulations, 30 March, 3pm BST

INSTANDA will discuss how no-code technology can help insurance firms meet the requirements of the Consumer Duty regulation with ease.