Jacqueline Legrand: Co-founder & CEO, Maptycs: To see is to understand (241)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 30 April 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

With all the sophisticated models, data and tools available to insurers, it's as important as ever to know where something is. Managing aggregation is vital for successful underwriting and we are going to be seeing a lot more about platforms that bring together different data sources. In this episode Matthew Grant talks to Jacqueline Legrand, Co-founder & CEO, Maptycs. She had a problem - so she built a company to fix it. Topics include: How a problem for insurance brokers inspired the founder of Maptycs Why understanding risk aggregation is so important What risk managers, insurers and others need to know Why getting simplicity right requires complex coding A partnership strategy to deliver data How to build software that is easy and intuitive to use Data quality is important but API quality is essential To learn more about Maptycs, visit their member profile page here. We’d love to know what you think about this episode - click here and add your thoughts to our LinkedIn post about it. 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. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected] Continuing Professional Development - Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, 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: Define risk aggregation and the critical role it plays in insurance Explain some of the advantages of having a business strategy, especially between partners Summarise the tools required for successful underwriting 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 241 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

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0:00.0	Good morning, good evening, and thanks for joining.
0:09.6	Matthew Grant here.
0:10.7	And with all the sophisticated models, data and tools available to insurers, it is as
0:15.6	important as ever to know where something is.
0:18.0	Managing aggregation is vital for successful underwriting.
0:21.4	And we're going to be seeing a lot more about platformers that bring together different data sources in the near future.
0:26.9	Now, Jacqueline Legrand had a problem, so she built a company to fix it.
0:30.9	Jacqueline, great to talk to you. Every time I talk to you, you've either come back from
0:34.5	somewhere really exotic and interesting or you're going off somewhere.
0:38.2	So I'm guessing even though you're based in New York right as we talk, that you've got something
0:43.3	pretty interesting coming up. So what's next for you? Yes, actually, I am heading to Mumbai tonight
0:49.6	and I'm super excited about that. We have 12 people there, great engineers.
0:55.4	We work every day together, and we have met in person only two people so fast.
1:01.3	I know it's a long journey from New York, but sure it would be worth it when you get there.
1:05.2	Well, let's kick off with a little bit about Mapix, and then we can dig into a bit more detail.
1:09.3	So you were founded back back in 2016 and you're
1:12.5	providing a geospatial visualization tool for property risk exposure management. I've actually had the
1:18.3	pleasure of seeing that in action, talk a bit more about that in a minute. And your clients range
1:23.6	from risk managers, brokers, insurers and reinsurers. And they're using the software to do a whole range of different things, mapping portfolios against catastrophe zones, tracking
1:31.7	accumulations of risk, creating risk analytics reports, monitoring weather events, and also
1:37.3	looking at estimating losses. And you provide a platform and you access a whole range of different
1:43.0	data to go into that.
	...

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