Anthony Joseph & Andrew Caswell: PwC: Faster and better decision making - scaling up specialty insurance (266)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 27 September 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The first podcast in our series with PwC touches on the Scale-up programme for insurtechs and the key to transformation in speciality insurance. Matthew Grant speaks to Anthony Joseph, Partner and Andrew Caswell, Director of Insurance Consulting at PwC UK, on why insurers are now progressing with the move to digitization, what transformation really means and how - and which - insurtechs are the key to change. Talking points include: The PwC insurtech Scale-up programme Digital adoption in the industry Specialty insurance and transform New generations of underwriters and new tools You can find out more about PwC, their Scale-up programme and the successful candidates of Scale-up 2023 here. In addition to hearing about PwC, we talk about transformation in the insurance industry touching on various InsTech members including Allphins, Cytora, hyperexponential, Send, Apollo Underwriting, Artificial, Convex, Rethink (Howden) and Vave. 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 - Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, 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 the insurtechs can help innovate the insurance industry Describe how transformation differs from digitisation Identify the various methods of digital adoption 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 266 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	Good morning, good evening,
0:09.7	Matthew Grant here, and you may have noticed we're cranking up the podcast releases
0:14.2	to two weeks, such as demand and look out for our video highlights too on YouTube.
0:19.8	Well, in the battle between insurers and disruptors, the insurers have won.
0:23.6	Certainly when it comes to specialty insurance where what is being underwritten can be complicated
0:28.6	and each submission looks different.
0:30.6	But in the last two years, we've seen a shift and insurers now understand the need for full transformation to digital,
0:36.6	but many still are
0:38.3	struggling to understand what to do and need help. Well, in Shortac may not be aiming for disruption,
0:44.2	but we are seeing more and more examples of collaboration between the scale-up insuredex and
0:48.8	the established insurers. You may have heard us talk to a few of those founders on the podcast.
0:53.2	This week, we're continuing
0:54.2	our themes of talking to the people that can connect the wiring between the companies with
0:57.9	the innovation and technology and the insurers. PWC is helping and learning through its
1:03.0	scale-up program, and it's no surprise that many of the companies selected for its cohorts are
1:08.1	also in StEC members. We cover a lot of ground with Anthony and Andrew
1:12.3	and a few nuggets in here to help you,
1:14.4	whether you're building technology yourself,
1:16.5	you're an underwriter trying to make better use of your time,
1:19.0	or you're just curious.
1:20.3	You can find out more about us on www.org.com
1:24.4	or contact hello at instec.com if you're interested in becoming a member. Now, on with the show.
	...

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