And the CEO stops and goes, can you get rid of the fax machines?

80% of our business is being run off fax machines and faxes.

And so it's such a big disconnect between the technology leaders in that room asking about blockchain and Alexa versus the business's problems, which is dealing with paper.

What's a fax machine? I hear some people wondering. This is Matthew Grant from Instac, London, and welcome to the Instac London podcast.

Now it's always fantastic talking to founders of companies that are bringing something new and challenging into the insurance market.

This week I'm on the phone to Gary Hoagman, CEO and founder of Uncork.

And if you've ever wondered what it takes to convince investors to put hundreds of

millions of dollars into a business, then this one is for you. But more importantly, Uncork is

offering to solve the challenge of the industry's bogeyman, legacy systems, and a whole lot more.

It's a long podcast, Gary's got a lot to say, but I'd love to get your

feedback. Do you agree with what he says or not? So share your comments with the world on my

LinkedIn post for this or other podcasts. Gary, it's great to spend some time.

You've got a lot going on.

Uncork is a recent, but you seem to be a very fast-moving entrant to the insurance technology world.

You founded it only in 2017, and you're offering a no-code platform, which I'm really looking forward to hearing more about.

It's kind of hard to keep up with your funding.

In the last month, you had another $50 million of funding, according to Crunchbase.

That looks like it brings you up to $158 million. You yourself had a rather unconventional career

in the 80s, which I'm sure going to come back to. You serve 16 years at Citibank.

And then you discovered insurance at MetLife where you were

a CIO for four years and then you set up Uncork so a lot going on delighted to have some time

for talk and I know you've got some other breaking news to share with us before we kick off the

...