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InsTech - insurance & innovation with Matthew Grant

Alex Haar, Co-founder & Chief Product Officer: Parsyl: Keeping it cool with a fresh $20m (338)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.850 Ratings

🗓️ 19 January 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

How is technology redefining supply chain insurance and resilience in a changing world? Parsyl is combining innovation, data and ambition to transform the way essential supply chains are insured. Robin Merttens speaks with Alex Haar, Co-founder and Chief Product Officer at Parsyl, about the company’s impressive growth, their $20M Series C funding and the advanced technologies powering their solutions. From leveraging AI and IoT to expanding into non-perishable cargo, Parsyl is building a future where insurers and businesses can better predict, price and mitigate risks across global supply chains. Key Talking Points: From tech startup to global supply chain insurer – Parsyl’s journey $20M Series C funding led by Lightsmith Group – what it means for Parsyl Essential supply chains – focusing on food, life sciences, and renewable technologies The role of AI – predictive models and generative AI powering underwriting IoT in action – real-time data for monitoring and managing risks Data partnerships – leveraging Lineage and other innovative sources The underwriter’s role – blending expertise with cutting-edge tools Preparing for the future – expanding in the U.S. and launching new products Resilience to climate change – Parsyl’s mission to protect critical supply chains If you like what you’re hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. You can also contact Alex Haar on LinkedIn to start a conversation! Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. 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: Explain how generative AI enhances efficiency in submission processing and underwriting workflows. Define the role of predictive models in improving underwriting accuracy and claims outcomes. Identify the cultural and organisational factors critical to successfully implementing data-driven insurance solutions. 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 338 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

Hello, welcome or welcome back to the Instech podcast.

0:12.6

Zoya podcast producer here.

0:14.4

This week, Robin sits down with Alex Haar, co-founder and chief product officer at Parcel.

0:20.7

Parcel is redefining supply chain insurance using cutting-edge technology and data to better

0:26.8

price, mitigate and manage risks.

0:29.8

Their focus? Essential supply chains, from food and beverages to life sciences and

0:34.9

renewable technologies like solar panels.

0:37.7

In this episode, Alex and Robin explore Parcel's incredible journey,

0:42.1

including their latest 20 million funding round led by Lightsmith Group,

0:46.7

a private equity firm focused on resilience to climate change.

0:50.7

With this investment, Parcel is expanding its use of AI,

0:58.5

IoT and predictive models to deliver innovative insurance solutions.

1:06.1

If you're curious about how technology is reshaping supply chain resilience and the future of underwriting, this episode is for you.

1:07.9

Now let's dive into the conversation.

1:19.4

Welcome to this week's Intertech podcast.

1:23.3

For me, Robin Mertens, it's the first of the 2025 podcast.

1:25.8

And my guest today is Alex Haar.

1:29.1

He's the co-founder and chief product officer at Parcel.

1:35.0

Alex, welcome. It's great to be here. Thanks, Robin. Now, we've had Parcel before, and I've got the benefit of a press release to read from here. Parsall's an insurer of complex supply chain risks

1:39.8

that uses enhanced data and technology to better understand price and mitigate risk.

1:45.1

Parson leads the essential consortium at Lloyd's.

1:47.5

It's a cover holder.

...

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