InsTech News: Property Intelligence and Movember

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This week, details of upcoming digital and in-person InsTech events and the latest industry news and partnerships.

Delivering data quality - everyone needs an API - Podcast 215

Nick Mair, DQPro’s CEO and Co-founder, joined Matthew Grant to discuss APIs, the London insurance market’s history and MGAs. They cover Nick’s journey as a founder, why fixing poor data should be a priority, the importance of processes and the role of automation.

ESG reporting in 2023: Practical applications for managing and measuring carbon emissions, with S&P Global, 24 November, 4.30pm, CodeNode

Following the success of our event a year ago with S&P Global, we are back to find out how insurers and technology companies - including S&P Global themselves - are tackling the challenges of measuring and managing key ESG commitments including measuring carbon emissions. We’ll be joined on stage by speakers from Convex Insurance, Swiss Re, World Benchmarking Alliance, Gamma Location Intelligence and others. Free to members and insurance companies.

Property Intelligence: the where and what, 22 November, 2pm

To support the launch of the InsTech report, ‘Property Intelligence - the where and what: 50+ companies to know’, Matthew Grant is hosting a Live Chat to discuss the different ways location and property attribute information is being accessed, the new data sources being found from places traditionally outside of insurance and what has changed since our first location intelligence report in 2021.

Movember: The InsTech InsTache team

InsTech’s Jack Gaffney, Jeremy Guillot and Alex Smithard are raising awareness for men’s mental health this November by taking part in Movember. Track their progress and donate below.

Praedicat Releases Next Gen Casualty Cat Model: Nekomodel X

The new technology expands on previous models and addresses the current landscape of social inflation, mass litigation and litigation funding. It also offers exposure-based pricing for casualty insurers. This supports the development of casualty underwriting by backing it up with scientific insight and complex data analysis.

Gallagher Re Global InsurTech Report for Q3 2022

The report found that overall insurtech funding decreased by 2.5% quarter on quarter, P&C insurtech funding gained in an otherwise downturn of funding. Early-stage insurtech funding increased by 48% quarter on quarter, the second-highest deal quarter ever and (re)insurers made 24 InsurTech investments in Q3, projected to reach a three-year high in 2022.

MIC Global partners with Waada Digital

Waada Digital will combine MicroEnsure Pakistan’s operations with its own, giving them a combined active customer base of over 1.5 million. The partnership has created Pakistan’s largest insurtech.

Apollo Syndicate 1971 partners with Envelop Risk for cyber reinsurance

In 2023, Envelop Risk will underwrite a new class of cyber reinsurance business within Apollo Syndicate 1971. The partnership will combine Envelop’s cyber reinsurance structuring capabilities with Apollo’s proprietary analytics and modelling to create cyber reinsurance products and assist in helping Apollo establish a platform within the Lloyd’s market. 

McKenzie Intelligence Services (MIS) Partners with Brush Claims

The partnership will accelerate incident and claims responses following catastrophic events. MIS will provide Brush with real-time analysis of global perils that will be leveraged alongside their suite of insurtech solutions, Hubvia, to provide effective claims processing. MIS’ data programme will also enable Brush to predict damages when physical access to the risk location may be limited following a natural catastrophe.