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InsTech - insurance & innovation with Matthew Grant

Bryan Falchuk: Managing Partner, Insurance Evolution Partners: Insurer, start-up, writer, coach, influencer - one life, many roles (173)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 16 January 2022

⏱️ 35 minutes

🧾️ Download transcript

Summary

Matthew talks to author, coach, and speaker Bryan Falchuk on Podcast 173 about his background in insurance and insurtech, and the innovation challenges for insurers and start-ups in 2022. Bryan began his career at Liberty Mutual Insurance and worked for Beazley, McKinsey and Hiscox before branching out as an author. His two books titled The Future of Insurance look at the lessons learned by incumbent insurers as they look to innovate and evolve to meet the needs of their customers. The episode features examples from insurers that have successfully launched innovation projects and why Bryan feels that now is a fascinating time for insurance. Talking points include: Innovating in-house - insurer success stories How start-ups win - why a strong business model beats hype The growth of embedded insurance and moving beyond acquisitions Making claims savings - efficiency vs lower indemnity Going “digital” and how to overcome the challenges facing insurers post-pandemic Bryan Falchuk is also the host of The Future of Insurance Podcast. You can hear Matthew and Robin talking to Bryan in Season 1, Episode 19. For more information on Bryan’s The Future of Insurance book series, go to https://bryanfalchuk.com/bookstore. 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 our newsletter for a fresh view on the world every Wednesday morning. 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. The Learning Objectives for this podcast are: Describe how companies, from start-ups to incumbents, can compete in the insurtech space Identify the possible future of insurtech funding in claims  Summarise some of the ways insurers can overcome the challenges they face from the pandemic and beyond If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 173 page of the InsTech London 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 and welcome back and if it's your first time, welcome. Now, I don't know about you,

0:17.5

but I find it hard enough just to get through the week and keep up with all my emails.

0:21.2

So I've got great admiration for anyone that can write an entire book.

0:26.0

Today's guest has written for.

0:27.6

Brian Fulcheck will be known to many of you in the US and the UK.

0:31.0

And as we discussed in a moment, Brian has worked with established insurers, startups, a leading

0:36.0

consulting firm and more. And so he is as well

0:38.2

placed as anybody to comment on what is going on in insurance, insure tech and everything else

0:43.5

in innovation. I haven't read all Brian's books, but I have read the two volumes on the future

0:48.8

of insurance and they have some great examples of how both established insurers and startups

0:53.7

have successfully

0:54.7

used innovation to grow their businesses.

0:57.3

We're going to be talking about that in a minute.

0:59.4

I'm Matthew Grant, partner with Robin Merton's at INSTECH.

1:02.2

And now we are based in London, but we are talking to the world.

1:04.8

And 2021 has been another busy year for us.

1:09.8

And if you're not already one of the 150 so companies we are

1:12.2

working with from insurance and technology to help untangle what is going on in the world,

1:17.1

and you want to find out what you're missing. Well, you can find out more on the website,

1:20.4

www.com.com. Or contact us on LinkedIn, Matthew Grant, or email hello at instec.l. London. Okay, we've got a lot to

1:29.9

cover in this discussion. So let's find out what Brian's been up to. Brian, you're very

1:38.8

gracious to have Robin and I on your podcast. I look back actually. It was season one, episode 19.

...

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