Hemant Shah: Co-founder and CEO, Archipelago: Curing the property pain chain (207)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 11 September 2022

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Archipelago is working with large global corporations to identify and source information about a property that's then shared with insurers and brokers. The company has over 170 people and according to PitchBook, has raised $57 million. Co-founder Hemant Shah last spoke to us on episode 145 and returns to the evolution of Archipelago in the last year. Talking points include: How Archipelago is working with companies to collect information about properties for insurers and brokers Issues associated with matching loss history data to exposure data How exposure data is described, validated and standardised The potential role of intelligence augmentation and the process behind implementing machine learning How ESG requirements are changing resilience reporting 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 - Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech 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: List some of the methods used by organisations to source relevant property data Explain the potential disparities between loss history data and exposure data Describe how technological implementations such as intelligence augmentation are aiding property insurance 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 207 page of the InsTech website or email cpd@instech.co 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, wherever you are and whatever you are doing. Matthew Grant here. And welcome back if you are a regular listener. And if this is your first time, well, I'm delighted you have found us. Well, we're going
0:21.3	to be talking about property in a minute, but first of all, news from Norway in the last
0:25.0	couple of weeks that nine out of ten people having accidents at night time on e-scooters were drunk.
0:30.8	Well, another one for our list of uninsured and uninsurable, I think. But back to today's guest,
0:36.3	Hemanshaw, who having successfully tackled
0:38.3	a problem of modelling earthquake and hurricanes, launched Archipelago to help insurers and their
0:42.8	clients figure out what the world's commercial properties are actually made of, where they are,
0:47.5	and who do they belong to. Not as easy as many people might think. Well, we are delighted
0:52.8	of Archipelago as one of over 170 companies
0:55.6	we are working with now at INSEC from both insurance and technology, large and small. And like many
1:01.1	of the companies we know and many of our guests, Archipelago has a significant presence in the US,
1:05.9	as well as the UK and around the world. So if you're working for insurer and want to know
1:10.4	more about the companies with the solutions to your problems, or if you're working for insurer and want to know more about
1:10.8	the companies with the solutions to your problems, or if you are one of the companies solving
1:14.9	those technology and analytics problems, then please let us know, hello at instec.com, or drop me a note,
1:21.2	Matthew Grant, on LinkedIn. Now, finally, we know many of you are listening quite a lot, by the way,
1:26.0	but we don't know who you are or what you think unless you tell us.
1:29.4	Well, we enjoy talking to the many of the fascinating leaders and founders around the world, but it makes even better when you tell us what you like or what you'd like to see more of.
1:38.2	Matthew Grant on LinkedIn should do it.
1:40.0	Now, over to Hammond for today's slightly extended version.
1:52.9	Well, Hamilton, really looking forward having our second discussion.
1:55.5	We'll talk a bit more about our previous one in a moment.
	...

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