InsTech News: Delivering data that works


This week, claims handling collaboration in practice, the InsTech guide to algorithmic underwriting, and moving from MGA to full stack insurer - lessons and advice from those who’ve been there and done it.

Data - seen it, clean it, sort it - Podcast 180

VIPR CEO Paul Templar joins Matthew to discuss helping insurers and brokers to find the right information from third-party data, creating new analytics through improved data processing, and VIPR’s plans to expand into the US and Europe following new investment from Tenzing.

Live Chat: Collaborating in Claims to Deliver Quality Digital Customer Experience - 10 March, 2pm

Continuing to improve the quality in the settlement of claims is a major focus for insurers, the supply chain, and technology providers, but delivering quality requires collaboration and innovative solutions. Join Matthew, CoreLogic, SightCall and SAGA Group to explore examples of how insurers are benefitting from new technology in an integrated platform.

Live Chat: Algorithmic Underwriting in Specialty Insurance: An Implementation Guide - 15 March, 2pm

The next InsTech report, 'Algorithmic Underwriting in Specialty Insurance: An Implementation Guide in Six Case Studies', will be published on 15 March. Join Robin later that day as he discusses the findings with David King (Artificial), Marek Shafer (Vave) and Dan Prince (Rethink Underwriting).

InsTech in London: From MGA to Full Stack Insurer - Everything You Need to Know - The Steel Yard, 29 March, 5:30pm

There has been significant growth amongst a new generation of technology-enabled MGAs and the traditional agencies. Many are now looking at becoming full stack insurers. Supported by PKF Littlejohn, this evening event will include a review of what evolving into an insurer involves, with advice and insights from companies that have already made the transition. We’re back at The Steel Yard for this one. New, simpler registration for all members.

ESG with AXA XL: Behind the scenes

Katie Lennon, Head of ESG, UK and Lloyd’s at AXA XL, recently joined Matthew on Podcast 175 to give an insurer’s perspective on ESG. In this follow-up article, InsTech’s Ali Smedley explores the issues around calculating greenhouse gas (GHG) emissions and opportunities for companies within the ESG space.

Member Spotlight - AntWorks

Ali spoke to the global head of AntWorks’ insurance business, Neil White, to discuss the differences between OCR and AntWorks’ CMR+, how insurers can use it and what the future of data transformation will look like.

Rebekah joins The Risky Mix Podcast

InsTech’s Director of Research and Insight, Rebekah Boston, recently joined the The Risky Mix podcast for two episodes. In the first of the two, she discusses how organisations can support women during menopause, the importance of having open conversations, and how colleagues can support someone going through it.

FRISS announces Polonious acquisition

FRISS has completed the acquisition of Polonious, which provides software for special investigations and case management. The acquisition will allow FRISS to add data from the Polonious product to its own fraud solutions, improving the support available to claims departments, special investigations units, and private investigations firms.

Descartes Underwriting partners with Reask

The partnership will see Descartes and Reask work together to offer parametric cyclone insurance in new locations and enhance the efficiency of the claims process. Reask’s Metryc product will be used to provide wind speed data. Find out more from co-founders Nick Hassam and Thomas Loridan on Podcast 127.

Seeking a standard for catastrophe modelling data

Justin Davies from Xceedance explores the prospect of a global data format for catastrophe modelling, how companies like Nasdaq are driving improvements, and why reinsurers should explore alternative data formats.

Is digital health data accurate enough for insurers?

Leveraging data from wearable devices and fitness apps could be game changing for life and protection insurers, if the information is accurate. Hannover Re looks at the challenges that remain around embedding digital health data into insurance propositions.

The evolution of group insurance

Robin recently joined an INSTANDA webinar on how changing demands and needs are affecting group insurance, including the impact of Covid-19 and embedded opportunities. It’s available to watch again, or you can read the highlights via the link below.

Portabl progress in Zurich Innovation Championship

Congratulations to Portabl, which was named as the Australia winner of Zurich’s Innovation Championship. Portabl will now take part in the global competition round, where 12 winners will be selected to take part in an accelerator phase with Zurich.