InsTech News: Remote Claims Assessment - Challenges and Opportunities

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This week we share details of our next Live Chat event, our evening event on 27 April, and InsTech London’s Henry Gale speaks to Mastercard. Read on for more on how ARMD paid its first claim, partnerships from Unqork and Precisely, and which companies are in the eighth cohort of Lloyd’s Lab.

The facts and figures - tech companies to watch - Podcast 184

Robert Le, a Fintech Analyst at PitchBook, joined Matthew to discuss how the company gathers, defines and categorises different sources of information in its databases. They review what public market investors expect from insurtech and established technology companies and the insurance areas where PitchBook is seeing opportunities emerge.

Remote Claims Assessment: Challenges and Opportunities, 14 April, 2pm

Matthew will talk to Rebekah Bostan, Director of Research and Insight at InsTech London, Patrick Sullivan, Senior Editor and Conference Co-Chair at Risk Information Inc., and Sebastián González Abreu, Head of Sales LatAm at Bdeo. They will discuss the findings in our report, "Remote Claims Assessment: The 40 companies to watch". The report is free for InsTech members. Early bird discount is available to non-members if you register your interest before 14 April.

InsTech in London: All Sorts - An Evening of Insurtech Treats: Wednesday 27 April, CodeNode

Join us as we introduce some start-ups we’ve discovered and catch up with some of our established members with news to share. Matthew, Robin, Holly and Ali from InsTech London will be joined on stage by Openbolttech, InsurwaveINSTANDA, Eigen Technologies, Kita, Claims Carbon, DA-X and Kayna. Free for members.

Member Spotlight: Mastercard

InsTech London’s Henry Gale has interviewed Ruth Polyblank, Vice President Insurance at Mastercard, to discuss payments in insurance, parametric insurance and how to form strong partnerships.

FRISS among teams selected for Lloyd’s Lab cohort eight

InsTech London member FRISS has been selected for the eighth cohort of Lloyd’s Lab which is focusing on decarbonisation and climate change, supply chains, data and models, and claims. FRISS helps insurers gain a deeper understanding of the risk in their portfolio, stay compliant, detect fraud, and understand the end-to-end underwriting and claims lifecycle.

Send Technology appoints Stacey White as CFO

Send Technology has appointed Stacey White as Chief Financial Officer to support its rapid growth as it enters its fifth year of business. You can read more about Send Technology and what it does in a recent member spotlight.

IRB Brasil RE selects Allphins Energy solution for its exposure management

The Allphins platform will enable IRB to digitise and integrate risk data at scale, identify risk, provide external data, and perform ad-hoc risk analysis.

ARMD pays its first claim

ARMD has paid its first claim in days with its ‘completing the loop’ tool insurance solution. ARMD provides tradespeople with tool insurance.  Inventory must be logged in the company's app. This enables the policyholder to quickly submit a claim. For this claim, ARMD calculated the loss for the insurer, RSA, and presented the information in one easy format.

Unqork to power SMBC’s digitisation

Unqork's no-code platform will digitise the Sumitomo Mitsui Banking Corporation (SMBC) operations as part of the bank's focus on innovation and automation. Unqork will also support SMBC's overall digital strategy and development to build an internal Centre of Excellence.

Verisk creates a Climate Advisory Council

Verisk has formed the advisory council to help organisations better understand the impacts of climate change and advise on improving companies’ resilience and sustainability efforts. Verisk is supporting initiatives to promote the latest climate change research as part of gathering information for ongoing product development.