Insurtech Radio

Clearcover  is a Chicago-based auto insurance startup that uses artificial intelligence to more effectively market auto insurance.  Their API offering allows shopping sites, car manufacturers, financial service providers and other platforms to complement their services with the addition of Clearcover car insurance. You can learn more at https://clearcover.com/.  --- Adam Fischer is Executive Vice President of Product & Technology at Clearcover, where he leads product strategy and feature expansion. Prior to Clearcover, Adam held Business Analysis positions with Apartments.com, Geneca and Redbox. See acast.com/privacy for privacy and opt-out information.

Peta Killian is Senior Executive of Market Operations and Innovation at the London Market Association (LMA). Peta joined the LMA in August 2018. Prior to joining the LMA, Peta worked for MS Amlin as a strategy and innovation analyst and previously as an underwriter. See acast.com/privacy for privacy and opt-out information.

IFRS 17 is a once in a generation change in insurance accounting. In this episode, Mark Millar from Legerity explains what IFRS 17 is, the challenge it poses, and the exciting opportunities to deal with legacy and future-proof insurance business.--Mark Millar is the Global IFRS 17 Lead at Legerity. He is a qualified accountant (ACA) with over 20 years of experience in financial services and telecoms.--Legerity are a RegTech company that help insurance firms deal with the challenges of IFRS 17 accounting rules, accounting complexity, and finance transformation. They have great resources on their website, which you can visit here: https://www.legerityfinancials.com/my-ifrs17/  See acast.com/privacy for privacy and opt-out information.

On 30 September 2019 Lloyd’s released ‘Blueprint One’. This 146 page document is the latest instalment in the Future At Lloyd’s – the marketplace’s transformation programme initiated by CEO John Neal. It follows the Prospectus, which was launched in May. In this episode, I speak to Greg Brown of Oxbow Partners about Blueprint 1. We discuss the Lloyd's historical role in the insurance market, their plans for the future and what it means for market participants.  Greg Brown is a Partner at Oxbow Partners. Greg leads Oxbow Partners Operations and Technology practice. Greg helps clients design and build businesses that are fit for a digital future. This includes strategy operating model design and build, technology design and selection. Prior to Oxbow Partners Greg worked at Monitise and Accenture. See acast.com/privacy for privacy and opt-out information.

Would you like to know what the future holds?... Please join us on Thursday 14th November at Dogpatch Labs in CHQ, Dublin for our next InsurTech Ireland meetup. On the night, we will be discussing "What the future of Insurance might look like".  You can attend for free by clicking here.  We have a fantastic lineup of speakers who will help us navigate this brave new world of insurance:  Peta Kilian and Esther Williams from the Market Operations & Innovation team at the Lloyd's Market Association; andNaoise Harnett, a Partner at the law firm Pensent Masons.  They will talk about a range of perspectives from the potential impact of Brexit, through to the new skills Insurance professionals may need to develop. Registration is from 5:30pm with the event starting at 6:00pm.  We will have the customary pizza and refreshments after the talks, so please plan to network and continue what will be undoubtedly be an interesting discussion. You can sign up for free by clicking here. As always, if you have colleagues o

This week on InsurTech Radio, former AIG Chief Actuary Chris Smerald speaks to us about World Values Day. World Values Day is an annual campaign to increase the awareness and practice of values around the world. Values are increasingly the focus of public debate and discussion, but their role in our lives and their importance are not always fully understood.World Values Day provides us an opportunity to think on our most deeply held values and explore and act on them with others.To find out more about World Values Day, please visit https://www.worldvaluesday.com/ or find them on social media by using the hashtag, #WorldValuesDay.--- Chris Smerald is the Director of Emerald Lake Consulting, helping firms resolve their complex or greenfield business and actuarial problems. He is also an Associate of OAC PLC providing traditional Senior Actuary consulting services. Previously he worked at AIG for a third of a century in various senior reserving, pricing, chief actuary and risk analytics roles, often doing pionee

This is a fun episode. Mick Cooney is the CTO of Describe Data. Mick is also a mine of information.In this episode we decided to do something different... You’ve probably heard the phrase “data is the new oil” been thrown around. I have too. But I have never known what it actually means. Well Mick knows what it means so I decided to ask him. And as our conversation unfolded I learned much more than I expected to. Press play to find out what we talked about... See acast.com/privacy for privacy and opt-out information.

Ian Curtin is Director of Human Capital at Deloitte Ireland.Ian has been working in strategic change and business transformation for the last 15 years. He advises clients on leadership, talent, digital enablement on the future of work.In 2018, Ian’s team released a report called the Future of Talent in Insurance. The report emphasises that it’s vital that the insurance sector unlock the opportunities within its workforce. With the rise of automation, cognitive technology, and the 'gig economy', there is real opportunity to capitalise on developing skills that are unique to people and that can generate real value for businesses.Ian offers some great insights into:Scarcity of talent and what to do about it.What new skills should we be developing within our businessHow to build future leaders, andHow to rethink your employee value propositionYou can download the Future of Talent in Insurance report by clicking here.If you have any questions for Ian, you can go to deloitte.ie/humancapital. See acast.com/privacy

Nickolaus Sühr is the co-founder and CEO of KASKO.Insurance runs in Nick’s blood – his family’s business are a market leader in classic and premium car insurance in Germany. Given his background, it’s no surprise that Nick is passionate about how insurance is an enabler of personal and commercial enterprise.Nick went to university in the UK. Here he met his co-founder Matt Wardle but after graduation in 2008, Nick went back to Germany. It wasn’t until 2015 that the pair would reunite and start KASKO.KASKO provide insurers with an end-to-end modular platform that can bring new or existing products to the digital market in a quick and cost efficient way. In essence, they provide InsurTech as a Service. See acast.com/privacy for privacy and opt-out information.

Karl started his career back in the 1990s, writing computer vision algorithms for industrial automation equipment. For the last decade he has worked in the reinsurance sector in various roles: quantitative software engineer, pricing analyst, capital modeller. Now, Karl is the Technology Ventures lead at Renaissance Re. His role at Renaissance Re combines some Corporate VC functions with some innovation-related activities, all relating to digitalisation of the insurance supply chain. Karl holds a B.A. (Mod) in Mathematics from Trinity College Dublin, plus an M.Sc. in Computer Science (TCD) and another in Finance (London School of Economics). In his spare time, he likes to run, play the guitar and lose at video games to his children. See acast.com/privacy for privacy and opt-out information.

Matt Hodges-Long is the CEO and co-founder of TrackMyRisks. TrackMyRisks is a secure, online platform for risk management. Their mission is to make risk management accessible to all businesses through automation, collaboration and a jargon free user experience. The playform is used by over 3,000 companies in 12 countries.Matt is also a co-founder of InsurTech UK. InsurTech UK are an alliance of 43 insurtech startups and brands. Their founders have come together to speak with one voice about specific insurtech-related issues and needs arising out of the technological revolution in the sector. See acast.com/privacy for privacy and opt-out information.

Ten years ago, Michael Crawford started applying machine learning techniques to insurance problems. In 2018, he co-founded Describe Data. Describe Data’s goal is to use alternative data sources, machine learning and AI to understand insurance risks. Their mission is to enable the “bionic underwriters” of the future.In the late 80s / early 90s, Michael was training to be an actuary. But something didn’t feel right to him and he decided to make a change. He ended up getting a contract with an IT department. Then another contract came along. Then another. All of a sudden Michael had an IT company and he has spent two decades working with software. Now he's back where it all began: working with numbers and data to solve insurance problems. He jokes that his former actuarial colleagues make fun of his career path but he says that he doesn’t care because he has always done something that he loves. See acast.com/privacy for privacy and opt-out information.

Barbara Schönhofer is Chief Executive of Schonhofer and founder of The Insurance Supper Club.Schonfoher is an executive recruitment firm that specialises in the insurance industry. She assists insurance organisations in attracting senior-level talent, including Board Members, CEOs and other C-suite roles.Barbara has been highly influential in persuading the UK insurance industry to look carefully at inclusion and diversity. In 2008, she founded The Insurance Supper Club (ISC), a business network for senior women operating in, or involved with, insurance.She is a Freeman of the City of London and a Liveryman of the Worshipful Company of Insurers. See acast.com/privacy for privacy and opt-out information.

Darren Smith (@ruboly) is Business Development Manager at the Insurtech Network Centre at the Institute of Technology, Carlow in Ireland.The InsurTech Network Center (INC) facilitates the growth of InsurTech businesses in the South East of Ireland. Their InsurTech Accelerator program is the first of it's kind in Ireland. The program collaboration between InsurTechs and established insurance businesses while allowing participants to leverage the resources and capabilities of IT Carlow.In this episode, Darren and I discuss three trends in InsurTech: digitization, commoditization and disintermediation.Connect with Darren on Twitter and LinkedIn.Enjoy! See acast.com/privacy for privacy and opt-out information.

Stan Nazarenko (@kazarena) is the founder of Piprate (@pipratenow), a blockchain-based data exchange platform for the insurance industry. Piprate's blockchain-backed data wallets offer a more secure and efficient means of sharing data among parties in the insurance value chain.Stan has 20 years experience in the insurance and investment management industries. Prior to starting Piprate, he worked at RenaissanceRe where he was Vice President of Risk Modelling Systems.Stan is a co-founder of InsurTech Ireland, who have helped put this podcast together. InsurTech Ireland is an Irish community of insurance and technology industry professionals sharing ideas and knowledge about how technology is changing insurance.Stan holds a Masters Degree in Applied Mathematics and is a Chartered Financial Analyst.SELECTED LINKS FROM THE EPISODEConnect with Stan on Twitter and LinkedInPiprateBlockchainInsurTech IrelandSmart Contracts See acast.com/privacy for privacy and opt-out information.

Chris Sandilands (@consultilands)is a Partner at Oxbow Partners, a boutique management consulting firm serving exclusively the insurance industry. The firm focuses on strategy, transformation and M&A.In this episode, Chris discusses Oxbow Partners' annual "InsurTech Impact 25". This is an assessment of 25 emerging technology businesses which they believe will have an impact on insurers and brokers in the year ahead. You can download the report here.Chris started his career as a D&O underwriter at Munich Re before moving into management consulting, initially with Oliver Wyman. See acast.com/privacy for privacy and opt-out information.

Gerard de Vere (@gdevere) is the co-founder and COO of Describe Data, a data analytics start-up which has developed a risk engine for complex insurance risks.In this episode, Gerry defines InsurTech and talks about his journey from a working in some of the largest (re)insurers in the world to following his dream and co-founding an InsurTech startup.Prior to joining Describe Data, Gerard spent many years building and managing technology platforms for major international banks, insurance and reinsurance companies. In 2016, he completed a post-grad with the Innovation Academy at University College Dublin. In 2017 he co-founded InsurTech Ireland, a community of insurance and technology professionals sharing ideas and knowledge about how technology is changing insurance.SHOW NOTESConnect with Gerard on LinkedIn and Twitter.InsurTech IrelandDescribe DataInnovation Academy - University College DublinBusiness Model Canvas See acast.com/privacy for privacy and opt-out information.