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InsTech - insurance & innovation with Matthew Grant

Ed Leon Klinger: CEO, Flock: The insurer of the future has arrived (126)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.850 Ratings

🗓️ 21 February 2021

⏱️ 45 minutes

🧾️ Download transcript

Summary

Since its inception in 2015, Flock has grown from a promising insurtech to setting its sights on becoming a truly global insurance provider.  The company’s micro-duration policies have made it a market leader for insuring drone flights, and it launched Flock Motor last year to provide flexible, digital-first products to the commercial motor space.  CEO Ed Leon Klinger joins Matthew to discuss the company’s growth, its new connected vehicles division, and a whole lot more.  Talking points include:  Finding funding and building a brand Identifying and researching new markets How to innovate with insurers Augmenting traditional datasets Embedded insurance solutions  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 126 page of the InsTech London website, or email [email protected].

Transcript

Click on a timestamp to play from that location

0:00.0

So my plan is to give you the inside scoop on what we've been working on at Flock over the last three to four months.

0:09.9

We've actually launched an entire new division of the company, and this is the first time that I'm talking about it publicly. Well, if you're one of our many fans listening to this on your run, bike or morning walk, then you may have to fit in a few extra minutes today.

0:35.1

It's another extended edition, but definitely worth it. Ed Klinger and

0:38.8

Flock are successfully pushing ahead in so many areas. Connected sensors, embedded insurance,

0:44.0

running experiments, growing the business, finding funding, and a whole lot more. I guarantee you're

0:48.5

going to enjoy this and there's a lot to learn too. Matthew Grant here and this is your first time

0:53.3

inviting us into your ears. I am delighted

0:55.5

to welcome you along. Well, We still can't offer you a chance to join the crush, share a glass

1:00.3

of wine with us in the steel yard in London. Our community has definitely been growing rapidly

1:04.6

over the last year. And you're going to be listening to this along with hundreds, maybe even

1:09.2

thousands of others. Well, we've got a lot

1:11.5

to get through this week, so that's enough for me. Let's find out what Ed had to say.

1:23.9

Ed, we've been waiting a long time to have you on the Instac London podcast. We now feel we've got to the point. We're ready for you. So delighted to have you joining us. Thank you for having me, Matthew. I'm very excited. Now, you've done lots of these before. We've been on stage, you've been on podcasts. You're one of the most well-known insured tech growth organizations out there. So I guess my challenge is for people who've

1:46.0

heard you before is to keep this interesting and relevant and different. So any hints

1:51.2

of what we're going to be talking about along those lines? So my plan is to give you the inside

1:56.5

scoop on what we've been working on at flock over the last kind of three to four months.

2:02.4

We've actually launched an entire new division of the company, and this is the first time

2:07.1

that I'm talking about it publicly. So Matthew, you're the first to hear it, and the listeners

2:12.0

of Insect London will be the next. Wow. Well, I am honoured and I'm sure we're going to do it full justice. So just

2:18.5

jump in with a bit of your background for those that don't know you. So you have got a background,

2:23.8

interesting combination, engineering, economics and management from Oxford University. And then you

2:28.9

left there and you took on the role of CEO of Flock in 2016.

...

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