Chris Lafond, CEO: Insurity: The 30-year-old InsurTech (313)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 28 July 2024

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

As one of the oldest insurtechs and thirty years in the business - what can we learn from Insurity? Robin Merttens spoke to Chris Lafond, CEO of Insurity - a P&C insurance software provider offering cloud-based solutions to help companies focus on profitability. After a series of acquisitions in 2019, Insurity continue to execute their thesis from five years ago in embracing the cloud and providing the industry with out-of-the-box technology solutions. It is currently trusted by 12 of the top 15 managing agents in London. Tune in to hear Robin and Chris discuss Insurity’s expanding presence in the London Market and whether the term “insurtech” is a helpful word. Key talking points include: Celebrating three decades in the industry GI Partners and expanding Insurity Looking back at Insurity’s thesis in 2019 The need for underwriting workbenches in the London Market Is AI the ‘data warehouse’ of our time? To ‘insurtech’ or not to ‘insurtech’? The future of acquisitions for Insurity The curse of past technology decisions - the problems that occur with legacy systems 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. 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: Specify how an underwriting workbench can help users Explain what the cloud is in insurance and how it can help users Summarise why mergers and acquisitions (M&A) can be beneficial for a company 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 313 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	Welcome or welcome back as we enter another holiday season.
0:12.0	Well, perhaps you're joining us from the beach or you're on your hillside villa.
0:15.2	Personally, I've always find my podcasts better with a dose of sun and fresh air.
0:20.5	Matthew Grant here, but I'm going to be
0:21.5	handing over to Robin Merton, Shirley, who is talking to Chris LaFond, CEO of Insurity. Now,
0:26.8	insurity provides policy, billing and claim software for PC insurance, also MGAs and brokers,
0:32.2	and both in commercial and personal lines. They've been around for a while. They may even be
0:36.4	the oldest insured-aken town,
0:38.2	but they are still going strong,
0:39.5	and survival means a lot in any business.
0:42.3	And we too had another lively event in London this week,
0:44.7	over 200 people hearing about the latest techniques
0:47.0	for understanding the changing hurricane forecast,
0:49.6	very relevant to this time of year,
0:51.1	and of course, that are going to be developing more in the next few months.
0:54.3	But if you're in London, you get August off, and then we're back on the 3rd of September,
0:58.2	this time in Google's offices in Kingscross. Details on the website, www.com. But now,
1:05.9	over to Robin and Chris.
1:12.6	Welcome, everyone. Thanks for tuning in to this week's Instech podcast. Our guest this week is Chris
1:18.9	LeFond, he's the CEO of Insurity. Chris, first question I'm going to ask you is that
1:23.2	where does the insurity name come from? It's got that fresh, funky feel that an insuretech
1:30.1	a brand should have, but you've been around quite a long time, haven't you? Yeah, that's right.
	...

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