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InsTech - insurance & innovation with Matthew Grant

Bas de Goei, Director of Growth Marketing: Instabase: The AI application platform for unstructured data (279)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 17 December 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

Instabase offers technology solutions to extract information from unstructured data and automate processes. This week Matthew Grant speaks with Bas de Goei, Director of Growth Marketing at Instabase about how generative AI is helping the insurance industry tackle its pain points, and specifically “give people time back to do things that are uniquely human”.  To find out more about how Instabase can specifically help you, visit the AI Hub where you can trial various data extractions from your own documents. Key talking points: Upside down startup - the beginning of Instabase and its journey in insurance The proof is in the statistics - listen to Instabase’s case examples. Why democratising automation is important. Where will generative AI go next? The potential for collaboration. 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: Explain the importance of changing and adapting a business model to operate successfully and cater to the insurance market Describe the impact automating and integrating AI into underwriting workbenches can have on a company and its growth Summarise some of the methods AI is being used in the insurance sector and how this can evolve in the future 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 279 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

Click on a timestamp to play from that location

0:00.0

An example for an HR professional could be,

0:02.8

hey, I have 500 resumes here.

0:05.4

I am looking for name, address, coding skills,

0:09.2

or something like that,

0:10.0

and I want to extract that from all 500 resumes.

0:13.8

You can build that application all by yourself.

0:15.9

No need the first 1,000 credits are for free.

0:37.5

Good morning, good evening and welcome all, welcome back to many of you and today a special mention to Luke who I was talking to this week, who's recently found a podcast and decided he quite like of Luke's based in the US. He's an actuary and he's working his way through some of the

0:41.5

back catalogue of our 277 episodes. Well, thanks, Luke's. Hope that's going to keep you

0:46.9

entertained over the holiday season. But today, I'm back under the covers of the genitive AI

0:52.0

tools that are reshaping how we work.

0:54.4

And I'm talking to Baz to Huey from Instabase.

0:56.5

Now, Baz has been one of my guides through the fast-changing world of Gen-I over the last 12 months.

1:02.0

So I'm really pleased now to give you the chance to join us as I discover the latest developments at Instabase,

1:08.1

including reviewing how you can access some of the company's tools to see how it works

1:12.4

firsthand. Look out for the link to that. Now, if you're wondering how to share your stories of the

1:17.4

world, well, please do come and join the collaboration of the curious at www.com. Who knows,

1:23.8

maybe you could be one of our guests next year.

1:36.9

Okay, Baz, as you're an expert in this area of Jen today, I think you're ready for this,

1:41.7

we're going to try out something slightly different, this introduction. So normally, I write the introduction, one of my team does, and we run it past the guest and they review it.

1:45.8

In this case, you kindly agreed to accept as provisional the chat GPT version of the introduction.

1:52.9

So I'm going to tell you what chat GPT suggests we use and then you're going to tell me how it did.

...

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