Insuring the Future – Andrew Hubbard, CEO of Ai-London – Strategic Solutions for Insurance and Investment Strategies
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 3 October 2018
⏱️ 28 minutes
🧾️ Download transcript
Summary
Andrew Hubbard, CEO of Ai-London (ai-london.com), delivers a thorough discussion on the many new tools that businesses and individuals can utilize to expand their use of cloud service-based technologies for investment, insurance, and beyond. Hubbard's realization that people of all ages and backgrounds wanted to engage with insurance companies digitally drove him to push Ai-London to solve the problem and open up new avenues for discovery. Hubbard explains how the information and policies were once completely geared toward underwriters, insurance agents, and claim specialists, but was woefully lacking in the digital and mobile arena. He talks about how Ai-London seeks to move core systems into the cloud in order to truly innovate and turn the industry on its ear.
Ai-London is a strategic management solutions company that works with life, savings and investment providers who seek to place customers directly in the center of their strategies and systems. Ai-London offers software assets, process and project management skills for business, as well as a full range of technology support services. Hubbard's company focuses on four primary performance areas: organizational efficiency, digital transformation strategy, line of business convergence, and customer experience. And the company seeks to offer strategies that focus significantly on the management of risk.
Ai-London offers multiple software options that deal with policy administration, customer-based compliance, and innovation. Their Ai-PAS system that deals with policy administration are an end-to-end comprehensive system that covers the lifecycle of the policy. It offers web services, batch management, product configuration and more that provide for an optimized business model and successful business results as they pertain to current and future investments. Their Ai-CXP system (customer-centric and compliance-conscious) establishes secure records for customer engagements with a focus on the insurer/customer transaction. And their innovation software, Ai-LAB, is an advanced incubation platform for firms that desire to engage in digital and social media type initiatives. It encompasses many digital insurance products, such as those that are social media oriented or short-term, utilizing blockchain.
By innovating and reinventing the social media aspects of investment and savings opportunities, Hubbard outlines how his company is helping to launch many investment strategies and situations that help not only businesses but everyday people who may want to help friends and family or social causes. Hubbard details the ways blockchain has expanded opportunities for many transactions and how industries are excited to begin using blockchain as it offers careful recording of information that is secure. Hubbard states that from an industry point of view, sponsoring independent innovation hubs is a means to break through the barriers to adopting blockchain, and AI.
The technology innovator discusses some pitfalls and issues that may develop in the use of AI as it pertains to his industry. And he details some of the successes of his company's platform, AI LAB, as the technological advances of cloud services expand and develop.
Transcript
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| 0:00.0 | Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:07.0 | Future Technologies is to transform our lives for better or worse or the focus of this podcast. Almost here means these |
| 0:14.8 | technologies are now here and starting to be used or just around the corner. |
| 0:18.9 | From Bitcoin to Artificial Intelligence, 3D printing, blockchain, virtual reality, and more. |
| 0:25.0 | Hello, this is Richard Jacobs with the Future Tech Podcast. |
| 0:31.0 | My guest is Andrew Hubbard. |
| 0:32.0 | He's dialing in from London and we're talking about his |
| 0:36.4 | company called AI London. He's the CEO of it. So Andrew, thanks for coming. I appreciate it. |
| 0:41.6 | Well, thanks for inviting me. I'm very glad to be here. |
| 0:44.0 | So tell me about AI London. What's the whole premise of the company? |
| 0:48.0 | We're an inshoretech company that's in an interesting position of effectively having relaunched ourselves, |
| 0:56.0 | having had a 25 year history of rolling along with 15 people and half a dozen clients. |
| 1:02.9 | So over the last two years, we've recognized, |
| 1:07.6 | I got involved four years ago, |
| 1:09.4 | we recognize that the sleepy old insurance market was waking up to the idea that customers of all |
| 1:16.5 | ages wanted to engage with insurance companies in a digital fashion. My background is in digital and mobile and I thought yeah this could be interesting so we're about making it |
| 1:32.1 | easy for life companies, pension companies, to move from quite old-fashioned |
| 1:39.0 | systems to a new quarter of the cloud, as call it taking their core ledger system putting them in the |
| 1:46.0 | cloud and then giving them a platform from which they can engage with a whole range of |
| 1:50.5 | you say ledges. |
| 1:51.7 | So what's an example or some examples of the old way of doing things or the current way and how will it be different under your new style of running the company? |
| 2:01.0 | So the old way of doing things was we as a guy who used to be |
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