Ben Hubbard: CEO & Co-founder, Parsyl: Cold chains, Covid & parametric insurance (123)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 31 January 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Since forming part of the first Lloyd’s Lab cohort in 2018, Parsyl has established itself as an innovative technology company, global cargo insurer and more recently, a vital part of the fight against Covid-19. CEO and Co-founder Ben Hubbard joins Matthew on Episode 123 to discuss the company’s rapid growth. Listen now for more on how Parsyl is using sensors to keep vaccines safe in transit, combining traditional and parametric insurance, and why companies no longer have to ‘ship and pray’. Talking points include: Using data and automation to improve cold chains Designing technology that users understand Working with government organisations MGAs and launching a Lloyd’s syndicate Scaling at speed and future plans You can read edited highlights of the conversation on the Episode 123 page of the InsTech London website. Sign up to our newsletter for a fresh view on the world every Wednesday morning. If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn. Continuing Professional Development - Learning Objectives InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme. To claim 0.5 hours for this podcast, go to the Episode 123 page of the InsTech London website, or email [email protected].

Transcript

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0:00.0	We don't need to ship and pray anymore. We have data. We have technology. We have really
0:05.0	fantastic financial products like insurance that can help manage those risks.
0:20.4	Well, we've covered a lot of topics across the last 122 podcasts, including to talking to founders about building their businesses, the importance of speed to market, the role of the Lloyd's Lab here in the UK, about finding distribution partners and the global nature of insurance business generally.
0:37.0	We've also had businesses providing sensors, parametric insurance, marine analytics, and we've
0:42.2	touched on the role of government and backstops to support the uninsurable.
0:46.9	But I think this is the first time that I've spoken to anyone from a company that has
0:50.3	experienced in all of these areas, despite being less than four years old.
0:55.0	Well, Matthew Grant here, partner at Interstate London, lover of data, analytics and innovation,
1:00.4	and your host for the Instac London podcast.
1:03.4	And yet again, we packed a whole lot into this discussion and with so much to cover, frankly,
1:08.1	we had to.
1:09.1	Ben Hubbard is the co-founder of Parcel and CEO, and he has
1:13.1	got a fascinating background, somebody else who didn't start his career in insurance, by the way,
1:17.9	and he's built a business that is going to be making life a whole lot better for all of us this year.
1:24.3	And by the way, thank you to all of you who've been contacting me from around the world to say how much you like these discussions.
1:30.2	It really helps keep us sane in these wintry, locked up days.
1:33.9	Good to know that life exists outside my front door.
1:36.6	And frankly, it really helps us show the value to our corporate members without whom we couldn't be doing this.
1:42.2	Now, you're going to hear from Ben in a minute, but first of all,
1:44.8	I asked Ed Gaze, who runs the Lloyd's Lab, what it was about Parcel that he thought had
1:49.6	appealed for people that selected the company to be in the lab's first cohort. There are a few reasons
1:55.2	why Parcel got selected to join the first cohort of the Lloyd's Lab. The first thing is their passion.
	...

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