Adrian Coupland, Head of Sales: Earnix: Agile pricing for a world of change (288)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 7 February 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this mid-week special, Matthew Grant speaks to Adrian Coupland at Earnix, a software provider to global insurers and banks. They discuss how the nature of risk in the insurance industry is rapidly changing, presenting new challenges in areas like motor pricing and supply chain management. The podcast ends with a discussion about Earnix's new product 'Underwrite-It' aimed at changing the underwriting process. Key talking points: What challenges are Earnix solving for the insurance industry Changes to the auto insurance sector - increasing repair costs and the impact of pricing regulation Underwrite-ItTM - an automated underwriting platform If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected] Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Describe reasons for challenges in the motor insurance industry Explain the role of technology in enabling business users to make pricing changes quickly. Identify the impact of regulatory reforms on insurance pricing If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 288 page of the InsTech website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

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0:00.0	Last year, 82% of all new car registrations last year in Norway were EVs.
0:06.1	So we're seeing a different market dynamic in Norway where they're wrestling with the impact
0:10.9	of the cost of repair versus the cost of repairing to an ICU vehicle.
0:29.2	Good morning, good evening, and welcome, Matthew Grant here for a bit of a midweek special.
0:38.5	I'm talking to Adrian Coupland at Erics to learn about the challenges insurer's face today in a world where the nature of risk is changing faster and in ways we often don't expect from supply change challenges to motor pricing. If you want to know more about
0:43.7	Erics and many other topics we cover, then take a look at our new website, www.instag.co,
0:49.4	now organised around the themes and topics you care about.
0:57.0	Adrian is great to be talking to you again.
0:59.0	We talked a few years ago during COVID webinar,
1:02.0	and I've learned something new about you today.
1:04.0	When we were warming up, just testing your audio is okay.
1:07.0	You said you're Adrian Krupland and you like fast cars and walking. That sounds unusual combinations.
1:13.6	It is, yes, indeed.
1:14.8	More fast cars and running.
1:16.5	It's probably a better description.
1:18.2	So yes, indeed.
1:19.3	Do like fast cars.
1:20.2	I'm looking forward to the new Formula One season starting in a few weeks' time as well.
1:24.0	So that's going to be good to see, you know, how that whole sport plays out
1:28.3	in the new season with some of the new changes to the cars. So yeah, all good. Excellent. Well,
1:32.5	we probably should keep to our core topic before we get too distracted by the excitement of fast cars.
1:37.6	So just before we kick off, a bit of overview for who earnings is. So you're a rating and pricing
	...

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