Gilbert Harrap & Michael Watson: InsurX: Smart Syndication and Wise Owls (321)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 22 September 2024

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week we are combining youthful enthusiasm with sage wisdom on the podcast, as Robin Merttens speaks to InsurX’s CEO, Gilbert Harrap and Chairman, Michael Watson. InsurX is a platform that enables insurers and brokers to undertake portfolio underwriting, automated contract binding, algorithmic underwriting and instant risk matching. Touching on the importance of driving digitisation in the London Market, Michael also shares highlights from his distinguished career, with a focus on his success at Canopius and his reasons for joining InsurX. An important episode for all those interested in digital trading, algorithmic underwriting and the future of the London Market. Key talking points include: The Hot Topic - digital trading solutions and an introduction to Never close to being at the “end” of a career - looking back at career achievements Wise owls and youthful enthusiasm - the perfect pairing? Plans for fundraising Development in the London Market - where are we at? The tension between centralised infrastructure and entrepreneurs What is next for InsurX and the potential to bring digital trading beyond portfolio underwriting 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. Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, 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: Describe what is a digital trading platform in insurance and why is it important in the context of the London Market Explain why bringing new tools is difficult in a centralised infrastructure like insurance, and how companies can work around this issue Identify reasons why it is valuable to mix young entrepreneurs with industry veterans when building out a new tool 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 321 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

Click on a timestamp to play from that location

0:00.0	Good morning, good afternoon and welcome back.
0:12.5	Zoya, podcast producer here.
0:14.9	We're bringing you a super hot theme today on syndication of risk in the London market.
0:20.7	Robin is on the podcast this week,
0:22.8	as he speaks to Insurex CEO Gilbert Harrop and Chairman Michael Watson, who is also co-founder
0:29.6	of specialty reinsurer Knopius. If you're not already aware of Insurex or what they offer,
0:36.1	Insurex is a digital exchange for the London market,
0:38.8	which aims to help brokers find capacity more quickly and help insurers underwrite
0:43.5	algorithmically and access new risks. This episode also offers an interesting insight into
0:49.3	the power of collaboration between two personalities, as Gilbert and Michael combine youthful enthusiasm with the wise
0:56.7	hours of insurance to drive digitisation in the London market.
1:01.0	Well, if you're also not already familiar with INSTECH, take a look at INSTECH.com to find out what we
1:06.8	know and how we can help you find your next collaborator, whether that's an insurer looking
1:11.8	for your analytical solution, or if you're one of those insurers and you're trying to find out
1:16.8	who can help you move your business forward. Now let's see what Gilbert and Michael had to say.
1:25.8	So for this week's Instech podcast, we've got a duet for you.
1:29.7	I'm joined by Gilbert Harrop, the CEO of Insurex, who's going to provide a bit of youthful enthusiasm.
1:35.3	And with him is Michael Watson, who is the former CEO and chairman of Canopius.
1:41.5	Now, chairman of Insurex, he's providing sage wisdom gathered over many years
1:46.8	in the London market. Thank you both very much for joining us.
1:50.0	Brilliant. Thanks for having us. Yeah. Thank you. I'm going to start with you. You're the CEO of
1:55.1	Insurex, as I said. And my description of what you do is it's a platform that enables insurers and brokers to do portfolio underwriting.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from InsTech, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of InsTech and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.