Jacob Grob: Chief Revenue Officer, Tensorflight: Property characteristics - new data for new challenges (217)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 20 November 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tensorflight uses AI, aerial and street view imagery to provide property data for risk analytics on commercial, personal and industrial properties globally. Matthew Grant was joined by Jacob Grob, the Chief Revenue Officer at Tensorflight. They discuss his personal experience with Hurricane Ian, some of the latest developments in providing property data and the challenges of social inflation pushing up costs. Other topics include: The difference in the way insurance is sold in the US compared to the rest of the world The “assignment of benefits” and how it impacts Florida Using data to make better decisions Learn more about Tensorflight including our past interviews, podcasts and reports from our dedicated website page. If you like what you are 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. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co 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: Describe the challenges social inflation brings and understand the factors that can be difficult to foresee Summarise some of the ways in which insurance is sold around the world and compare the advantages List some examples of the ways in which data can be implemented to enhance a business model 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 217 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 and thank you for inviting us into your car, home, ears, train journey, gym, or wherever else you listen to your podcast.
0:18.4	And if it's your first time, then I'm delighted
0:21.3	you found us. Matthew Grant here, and I'm recording this before slipping out on holiday for a week,
0:26.1	getting myself organized so I can down tools and switch off email and Slack. Much to the relief
0:31.5	for my colleagues at Intertech, I expect. So in this fast-changing world we live in, who knows what
0:35.6	may have happened by the time you're listening to this.
0:41.1	One thing is for sure, though, the discussion with Jacob Grob will still be relevant.
0:45.4	The first rule of insurance is to know what you are insuring, and so it's no surprise.
0:51.4	Insurers around the world are continuing to search for the best sources of data about the properties they are quoting on, from the humble home to large campuses of complex properties.
0:55.6	A quick plug, by the way, for our location intelligence report,
0:58.8	second version available on the Instet website from 22nd of November.
1:03.7	Now, it tends to fly as offices in the US and Europe,
1:06.1	as well as supporting insurers around the world.
1:08.3	And the team has been helping out one of their neighbours
1:10.4	to assess the size of an ongoing man-made catastrophe that we are, unfortunately, all too familiar
1:16.0	with. JPEC explains more in a moment, so hang in there. And finally, if you like what you're
1:21.0	hearing on the InSate podcast, then please keep telling us and tell your friends. We spend
1:25.3	a lot of time preparing and recording these and tidying them up, So it's always good to know what works or even what doesn't.
1:37.6	Jacob, thrilled to have you joining us today. It's been really intriguing seeing what
1:41.6	TensorFlow is doing. You were founded back in 2016, I believe you've raised around $9 million.
1:47.2	You've got offices in Poland and in the US.
1:49.5	I can be talking a bit more about that.
	...

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