David King, Artificial Labs & James Slaughter, Apollo Underwriting: Augmented underwriting technology with human expertise (262)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 3 September 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on the podcast we go into detail about an exciting partnership between two InsTech members. Robin Merttens is joined by David King, Artificial Labs and James Slaughter, Apollo Underwriting, following the two companies announcing an augmented underwriting collaboration. The portfolio will be underwritten Apollo's 1969 syndicate and will run on Artificial Labs' technology. Listen in to find out more about how this collaboration of innovators is going to transform underwriting. Talking points include: Artificial Labs and Apollo - why collaborate? Technology as the driving force for change Why we need to embrace augmented underwriting technology. Wider market ramifications If you like what you are hearing, please leave us a review on whichever platform you use or contact Robin Merttens and 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 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: Summarise how collaborative partnerships can drive innovation and disrupt traditional insurance practices Describe some of the practical applications of technology in underwriting Outline the importance of embracing augmented underwriting technology and its potential impact on the underwriting process 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 262 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, Matthew Grant here.
0:10.0	Well, the early in short acts talked about disruption, but with the hurricanes in the US
0:14.6	and flight chaos in Europe this week, I don't think that was quite what they had in mind.
0:19.0	So I hope you're staying safe wherever
0:21.2	in the world you are. And with some better news, Apollo and Artificial Labs have publicly
0:26.3	announced a collaboration that's going to bring together algorithmic underageting technology
0:30.4	with human expertise. Robin Merton's gotten there early and recorded a discussion with James
0:34.7	Slaughter from Apollo and David King from Artificial.
0:41.5	Now, the initial 12-month pilots are going to focus on four target lines of business,
0:43.9	including Marine Hull and aviation.
0:50.4	It can be written by Apollo 1969 Syndicate, augmented with the use of artificial labs technology.
0:54.5	Apollo is a specialist insurer and reinsurer providing insurance products and services to clients, brokers and capital partners at Lloyds and across property, casualty, marine energy
0:59.3	and transportation. And artificial's platform has been developed for insurers that want to trade,
1:04.8	follow business algorithmically and offer data ingestion and machine learning abilities
1:08.9	to automate underwriting decisions based on
1:11.2	an insurer's risk appetite. Well, today is just another example of how we are keeping our ears
1:15.9	to the ground to help you understand the technology that can help you, discover your partners
1:20.1	and get your stories out in the world. You can also find out all you need to know on the website
1:24.5	www.insdeck.gov, including how to become one of our corporate members.
1:29.6	Now, over to Robin.
1:35.3	Hi, everybody. I've got two guests on the podcast today, David King, who's the co-founder and co-CEO of Artificial Labs,
1:43.5	and James Slaughter, who's the chief underwriting officer
	...

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