Gethin Jones, Skyline Partners & Calum Williams, AEGIS London: The parametric platform delivering new insurance solutions (146)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 11 July 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Skyline Partners and AEGIS London have launched a new parametric product to provide US small and medium business owners with cover in the event of a shooting. The Active Assailant policy uses police department data to define when an event has taken place, triggering a non-damage business interruption cover payment of up to $50,000. An initial launch is taking place in Dallas, Texas with the aim of scaling the policy out to other states across the US. Skyline Partners Co-founder Gethin Jones and Calum Williams from AEGIS London join Matthew to discuss the product’s development and how parametric insurance can help fill the protection gap left by traditional policies. Talking points include: How insurers can work with tech companies Using data to create parametric triggers Selling insurance products through a broker network Launching and scaling a business Skyline’s experience of working in the Lloyd’s Lab Skyline Partners is featured in our ‘Parametric insurance: 2021 outlook and the companies to watch’ report, which is available to download from our website and free for InsTech London members. More information on the Active Assailant insurance product is available on the AEGIS London website. 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 London newsletter for a fresh view on the world every Wednesday morning. 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. The Learning Objectives for this podcast are: Understand what parametric insurance is Recognise why an active assailant product was developed and how it is offered Realise some of the legal and regulatory hurdles that parametric insurance can encounter If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 146 page of the InsTech London 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	Well, we're well, we're well into July, and it's great to be seeing signs of
0:15.8	return to normality here in London. Both my guests today are calling in from offices
0:19.6	for this episode, and Robert and I
0:21.6	have been to our first evening reception back in the city with other people. Thank you to Simon Hayes
0:26.5	of NextGen for that one. Hello to all our regulars, fitness fans and car washes or if this is your
0:32.3	first time plugging in, well, it's great to have you join us. I'm Matthew Grant, partner at
0:36.9	Instac London.
0:38.0	Now, this week, I am really pleased to be able to bring together an insurance underwriter
0:42.0	and an insuretech startup to talk about the initiative they have launched together.
0:46.7	Aegis London is an insurance company operating out of Lloyd's and Skyline Partners is a previous
0:51.7	Lloyd's Lab alumni. Together, they have just launched an insurance
0:55.5	product for small and medium businesses in the US to provide a new type of protection for what
1:00.6	is known as active as trade. Basically, it's to provide insurance cover for non-damaged business
1:06.6	interruption after a shooting event. It uses a parametric trigger and is in pilot in Dallas, Texas.
1:12.4	Well, whichever part of the insurance world you come from, you're going to find something here
1:16.3	of interest to you. We talk about how insurers can work with technology companies, how to sell
1:21.2	a new insurance product through a broker network, how to launch a business and scale it,
1:25.5	and the benefits of the Lloyd's Lab and a whole lot more.
1:29.2	Gethyn Jones is co-founder of Skyline Partners and Callum Williams is an underwriter at Aegis.
1:34.3	You may first have heard from Gethyn when he spoke live at our event in the Steel Yard in London
1:38.8	in front of 250 people in February last year and then again at one of our digital events in June.
1:44.3	And if you're wondering how Gathen and Callum met, well, keep listening.
	...

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