Daren Rudd: VP Consulting - Head of Insurance Business & Technology Consulting, UK, CGI: Computers, people and the love of dancing (248)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 4 June 2023

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

With all the new technology emerging - and insurers thirsty for knowledge - there’s a growing need for someone to help figure out how to join it all together. Robin Merttens talks to Daren Rudd, VP Consulting - Head of Insurance Business and Technology Consulting, UK at CGI. You’ll hear about Daren’s personal experience and how he and his colleagues are helping insurers engage with new and innovative technology, data and analytics. Topics covered include: The most notable developments in how insurers engage with digital from the last decade Why technology is the new Lego Why we are looking in the wrong place to solve the industry’s data problem Success stories in implementing IOT for insurers Go digital but allow time to dance The book recommendation from this week’s guest Daren is Digital Darwinism: Survival of the Fittest in the Age of Business Disruption by Tom Goodwin. 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: List some of the recent technological advancements in the insurance industry Explain how the nature of technology is changing and why our relationships with technology must develop with it Outline a range of examples of successful IOT implementation by insurers 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 248 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, welcome or welcome back. Well, with all the new technology
0:12.9	emerging and insurers' thirsty knowledge, there's a growing need for someone to help figure
0:16.9	out how to join it all together. Well, I'm Matthew Grant, but Robert Merton is your host today
0:21.4	talking to Darren Rudd from CGI. Now, you're going to hear about Darren's personal experience
0:25.6	and he's a regular attendee at our own Instech Live Events and also one of the people we seek out
0:30.7	to get his opinion on what's happening in the world around us, so I'm sure you're going to find
0:35.1	a lot of value in this one.
0:48.0	I've got Darren Rudd with me. He's the head of business and technology consulting at CGI in the UK.
0:55.0	Hi, Darren. Hey, Robin. Nice to be here, Robin. Now, you and I've learned in a long time, and you're now a consultant,
0:59.8	but I've never seen you as a, like, a stereotypical consultant. What's your background? What's got you to this point? So I started from a marketing background. I think it actually gave me a
1:04.3	slightly different perspective on things, because you're trained to understand the motivation
1:07.6	of another person, rather than looking at what you want out of that
1:11.1	interaction or that marketing on sale. I've worked for the last first half of the career as
1:15.8	be for people like Hiscocks and Britt. I also spent some time in standard when they were first
1:20.1	doing the bootstrap as their chief architect. And then I've swept over probably for the last
1:25.1	half of the career as a consultant. And I think the advantage
1:27.7	on that one is I've come from industry and applied and got a much wider view of consultants
1:32.0	do and the different companies they work for. And I think that's given me a good opportunity to
1:36.2	see a lot of change, but probably not quite as much change that I've liked over the last 30 years
1:41.4	of working in the industry. Is that change a change because of the different perspectives you've seen, or is it real change?
1:50.3	Because I slightly challenged that. Number two, I'm already arguing with you, but has there been that much change?
1:55.6	There'll be plenty of people who look at being around the industry for 20 years.
	...

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