We celebrate InsTech’s 200th podcast episode and how to register for our members-only parametric webinar.
The Partners' summertime summary - Podcast 200
Since the launch of the InsTech podcast, we have released around 133 hours of podcasts, featured 220 guests and had 170,000 downloads. On episode 200 of the InsTech podcast, Matthew and Robin get together for another occasional chat about what is happening in the world of insurance innovation, insurtech and InsTech itself.
What it’s like to be a young person in insurance - Podcast 199
Henry Gale spoke to four young people across the insurance industry to produce a podcast about what it's like to be a young person in insurance. Ainsley Martin, Beazley; Kinga Wazydrag, Markel; Areefih Ghaith, Quantexa; Adam Yasir, Aon Inpoint, share personal experiences in the industry and discuss what the industry can learn from young people - covering topics such as diversity & inclusion, technology and social media.
Members only interactive briefing: Key trends in parametric insurance
We are hosting a member-only interactive briefing on 6 September 2022. We will be providing an overview of the parametric insurance market including the potential market size, funding activity to date, common and newer applications and the different approaches taken in selling parametric products. If you are working for one of our member organisations and are interested in attending please email Iryna@instech.co for further information.
Carbon Underwriting: data-driven decision making
InsTech’s Tara Allsopp spoke to Ben Laidlaw, Chief Technology Officer and Syndicate Portfolio Manager at Carbon Underwriting, to discuss the benefits of using technology to make the delegated underwriting process more efficient, the benefits of data sharing across the value chain and its plans to extend the company’s proprietary technology platform, Graphene, to third parties.
Liability scoring is a challenging area for insurers and other parties in the insurance value chain. Under this partnership, Aurora will work with Swiss Re to support underwriting, pricing and claims for SMEs and their brokers. The data-driven insight will enable informed post-bind risk management and make the commercial insurance buying process more transparent.
Previsico partners with Generali Global Corporate & Commercial (GC&C)
Under this partnership, Previsico will support Generali’s clients’ flood emergency response readiness. Previsico’s technical expertise and warning solutions will be used to broaden the insurer’s capabilities. Surface water flooding makes up almost 60% of UK flood risk.
Zesty.ai closes on $33m of funding in Series B investment round
The deal was led by Centana Growth Partners. Zesty.ai will build on its existing insurance products and develop new products for the real estate market. This follows the company’s 200% revenue growth last year.
Chaucer assesses European wildfire risk
Chaucer has published its findings on the growing threat from European wildfire. Damage has increased by 75% in one year. This warning comes in the same week as a heatwave triggered many fires that led to property damage and agricultural losses across Europe. Insurance is hard to price for insurers because risk models are less advanced in Europe than those available in the US and Canada.
Lloyd’s Lab announces Cohort 9 Pitch Day teams
Of 120 applications, 14 have been selected to pitch their products and services to managing agents and brokers in the Lloyd’s market. The Pitch Day will take place on 1 September and will help the Lab decide who will make it through to the ninth cohort. A special congratulations to InsTech members OTT Risk and ARMD for making it to this stage.
