This week, Matthew and Henry talk parametric insurance and more details on next week’s InsTech in London event at The Steel Yard.
Judith Ellison, Climate Commercial Lead at JBA Risk Management, talks to Matthew about the challenges of meeting multiple demands from different clients and sectors, the benefits of working with academics and industry specialists and how standardisation across the industry will increase resilience.
InsTech returns to The Steel Yard stage on Tuesday to celebrate the launch of MIC Global's Lloyd's Syndicate-in-a-Box (Syndicate 5183). Speakers from MIC Global, ChAI, InsureTek, Costero Brokers, Markel, Wrisk and Stonebridge Insurance will discuss the opportunities in embedded microinsurance and related areas, how to design products that work and tips for early-stage MGAs on obtaining capacity.
Matthew and Henry were guests on The Voice of Insurance podcast last week to discuss the parametric insurance market. If you want to know what’s happening in the space and where the opportunities lie, this one is definitely for you.
InsTech’s Tara Allsopp caught up with RightIndem’s CEO Oliver McGuinness to discuss how the company is tailoring FNOL workflows for insurers, simplifying claims processes for customers and engaging with other service providers across the claims value chain.
Markel is aiming to accelerate its incident and claims response to major loss events, including natural catastrophes, by using post-disaster aerial imagery from McKenzie Intelligence Services (MIS). Markel has been using MIS’s AI-powered Global Events Observer (GEO) platform for its Lloyd’s syndicate business since 2017. This will now be expanded to its international wholesale business.
CoMeta Pro is a portfolio analysis tool for underwriters of Directors & Officers (D&O) insurance cover for US publicly traded companies, combining Experian’s data and risk scoring with Praedicat’s risk and portfolio modelling capabilities. The tool will offer two scores: one for an insured’s litigation risk exposure and another using Experian’s Predictive D&O Model to give underwriters a view of the D&O risk of almost 5,000 listed US companies.
Novidea will help Gallagher tailor its insurance broking platform for its specialty insurance clients, covering every stage of the broking lifecycle. Novidea’s insurance management platform standardises and automates processes and will allow Gallagher to integrate into existing digital solutions in the marketplace, such as PPL.
QBE will underwrite Zego’s behaviour-led fleet product, which utilises telematics data to inform a fleet’s risk profile and provides suggestions on how a fleet can improve its risk.
CyberCube will provide BRP with products and services including its Broking Manager platform and Concierge consulting service. BRP’s risk advisors will now be able to use CyberCube’s analytics to help clients proactively manage their cyber risk.
Ataccama is hosting a two-day data summit with the Enterprise Data Management (EDM) Council in Boston on 20-21 October. The event will include training sessions with founders of the EDM Council, live Q&As and roundtable sessions with industry analysts and a demonstration of the Ataccama ONE v14 data management and governance platform.