InsTech News: Parametric innovation and opportunities

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This week, how to join our next evening event in London on digital payment capabilities, plus more details on what to expect from our new parametric insurance report.

Wholesale broking, innovation and investment - Podcast 189

Garrett Koehn, President of CRC Brokerage, joins Matthew to discuss emerging trends in risk, investment and insurance. Their chat covers wholesale broking, the appetite of traditional markets for new risks and Garrett’s thoughts on crypto, cyber and parametric.

InsTech in London - Making Payments Pay: Making the Most of Payments Technologies - 24 May, 5:30pm, CodeNode

The way payments are made has changed significantly, with insurers now operating in a world where customers expect greater transparency, choice, and immediacy. Join us next week to discuss the opportunities being created by new digital payment capabilities. Our speaker line-up includes Mastercard, Stripe, ICE InsureTech, Cuvva, Arma Karma, Imburse and Cover Genius.

Member Spotlight: Stripe

Calogero Scibetta, UK Enterprise Sales – Insurance and Insurtech at Stripe, will be one of the speakers joining us next week. Get a preview of what to expect by reading his interview with InsTech’s Henry Gale. They discuss how insurers can make payments more strategic and how Stripe supports its insurance clients.

Parametric Insurance in 2022: the 150+ companies to watch

Our next report, due for release on Tuesday 14 June, focuses on how the parametric insurance space has grown over the past 12 months, with insights on innovation and challenges right across the value chain. ‘Parametric Insurance in 2022 - the 150+ companies to watch’ will be free to InsTech members. If you are not a member, sign up below to get your 50% discount code.

Risk Exchanges - How they are changing the future of insurance

This report, due for release in July, will examine the evolution of the e-trading scene over the past 18 months and provide our thoughts on the current state of the market and where the opportunities lie. We are currently planning to feature 27 companies, which you can see via the link below. If you think you should be on the list, get in touch at hello@instech.london.

Augmented & Automated Underwriting

Robin hosted a panel discussion at the KBW European Innovation in Finance Conference in London last week on augmented & automated underwriting. He was joined by Marek Shafer from Vave, Dan Prince from Rethink Underwriting and Will Roscoe from Beazley.

New investment for Skyline Partners

Skyline Partners has secured $1.75 million in funding from corporate finance and VC firm West Hill Capital. The investment will be used to support the development of new parametric coverages. For more information on Skyline’s work in the parametric space, listen to its Co-founder, Gethin Jones, on Podcast 146.

Praedicat partners with VelocityEHS on ESG solution

Praedicat and VelocityEHS are to develop a new ‘Green Chemistry’ offering, using AI and natural language processing to drive predictive chemical risk profiling. The new offering will provide clients with data and analytics to assess and reduce their use of hazardous materials.

Getsafe targets further expansion

Getsafe is to begin offering its digital buildings and contents home insurance product in the UK. The digital insurer is now serving 300,000 customers across Europe and is looking to move into markets in France, Italy and Austria. Robin spoke to its CEO, Christian Wiens, about Getsafe’s expansion plans on Podcast 168.

Send selected for PwC Scale InsurTech programme

Send has been selected to join the 12-week programme, where it will pitch its SaaS underwriting platform to business leaders across the PwC network. Read our interview with Send Co-founder and CTO Matt McGrillis below.