This week we cover what to expect from our Remote Claims Assessment report, details of two in-person InsTech evening events and an interview with CPP Group on the growing demand for parametric insurance solutions.
Joan Cuscó, MAPFRE, and Nicolas Monsarrat, Accenture Health, join Robin to discuss the digital health landscape post-pandemic. They cover the acceleration of digital health technology, providing more value from personalised health data and the role of blockchain in building trust.
InsTech in London: From MGA to Full Stack Insurer - Everything You Need to Know: 29 March, The Steel Yard
Our next in-person event looks at the growth in the MGA space and how companies can make the leap to becoming full stack insurers. Join us at The Steel Yard as we examine the regulatory and compliance implications, how to raise capital, and why there are so few new full stack insurers in the UK.
We are taking a break from themed events in April to highlight new and established InsTech members with news to share. Robin and Matthew will be joined on stage by Open, Bolttech, Insurwave and INSTANDA. Early-stage companies Kita, Claims Carbon, Upsurance, DA-X and Kayna will also share their propositions, plans and needs.
Our next report, due for release on Thursday 14 April, will provide an overview of how insurers are carrying out remote claims and the opportunities emerging from new technologies. All InsTech reports will continue to be free to InsTech members for 2022. We are offering an early bird discount price to non-members who register their interest before 14 April.
Our report on algorithmic underwriting in specialty insurance is out now. It looks at how to implement algorithmic decision-making in underwriting & broking processes, based on case studies from early implementers of algorithms for commercial and specialty insurance. More details, including a link to a Live Chat with Robin, Vave and Rethink Underwriting available above.
InsTech’s Henry Gale reviews his discussion with Carl Carter, UK CEO at CPP Group, to discuss the parametric insurance solutions offered by CPP Group and Blink Parametric.
In a recent poll for our Parametric Post newsletter, 50% of respondents cited a lack of education and awareness as the main issue holding back the wider adoption of parametric insurance. In response, Descartes Underwriting describes the benefits of parametric solutions for natural catastrophes and climate risks.
The ESG Risk Rating measures an organisation’s environmental, social and governance performance against internationally recognised standards and frameworks. Organisations who complete the assessment are given an ESG risk score out of 10, plus recommendations for controls, reporting and resilience. Get more information on this topic in our recent Climate Change Risk Regulation and Measurement report.
An unnamed syndicate placed an aggregate stop-loss transaction, covering gross net written premiums of $270 million across multiple perils using Vestoo’s investment marketplace.
Anthemis led the investment in Cowbell Cyber’s recent $100 million Series B fundraise. Matthew Jones from Anthemis will join the company’s Board of Directors. You can hear from Matthew at our event on 29 March and InsTech Podcast 176.
RT ProExec is to use CyberCube’s Broking Manager platform to quantify and explain the sources and financial impacts of cyber risk exposure to its retailers and their clients. The platform also provides reports on potential sources of loss, cyber events, and peer-to-peer benchmarking.
INSHUR is to use the Earnix pricing and rating engine to offer personalised insurance products to rideshare, courier, and food delivery drivers and businesses.