James Orchard, CEO: QBE Ventures: Driving strategic value through corporate ventures (285)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 21 January 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week James Orchard, CEO of QBE Ventures, joins the podcast and discusses the shift in insurers' appetite for innovation, partnerships with startups, and the importance of collaboration in achieving strategic goals. The conversation covers how QBE Ventures is making strides in data and AI, resilience, and growth in emerging markets, with interesting prospects for cyber coverage and embedded insurance. James also reveals his predictions for 2024, foreseeing consolidation and challenges in investment as well as a focus on AI and strategic partnerships. An immensely packed episode, for everyone curious about how investing and insurance intersect. Key talking points: Exploring QBE Ventures and its investment strategy The strategy and focus of QBE Ventures The challenges and opportunities in the insurtech space How QBE can become a start-up partner Using AI for resilience What QBE looks for - the culture of collaboration Coalition of the willing Predictions and expectations for 2024 in insurtech As well as hearing about QBE Venures, Matthew and James touch on innovation from Cytora, Sixfold, CGG, GeoSmart Information, Tensorflight, Geosite, Beazley, Chaucer, Tokio Marine, hyperexponential, The Demex Group, and Clara Analytics. To listen to Cytora's podcast with Andrew Horton, QBE Insurance's Group CEO, click here. 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 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: Specify the potential developments and challenges the insurtech community will face in 2024 Define what resilience can mean to a company from a strategic perspective, and how investors can help support this Identify what traits an investor looks for in a company 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 285 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	He's really happy to support a lot of that.
0:02.4	And we always find him asking really difficult questions,
0:05.7	but it's done with the intent of really making sure that we've done our homework
0:09.7	and that we're giving everything a fair go.
0:12.6	And yeah, he's been a fantastic advocate since he's coming.
0:27.8	Hello, good morning or good evening, wherever you are, and delight to have you back.
0:31.7	And if it's your first time, well, you've joined us for a really special episode today.
0:36.6	Now, most of the time, we're talking to people building new technology companies or bringing innovative ways to doing things for long-established
0:39.5	companies and there's a great but what about the buyer what do the insurers really want well if you
0:45.0	are head of innovation and investment in a major global insurance company then you certainly have
0:50.4	no shortage of people trying to sell you stuff already. And with each of our
0:54.8	episodes now getting thousands of listeners each week, I'm sure our guest today is going to get
0:59.6	a lot more inbound queries. So I'm delighted that James Orchard's CEO of QB Ventures is able to join
1:05.2	me, give up some of his time to reveal what he and his team and actually many of his colleagues
1:09.3	across all of QB are getting up to
1:11.4	and how they work with and invest in InsureTech and beyond. Well, if you're keen on unraveling the
1:17.2	world of insurance and want to know in particular what kind of companies are really making a difference
1:21.6	and what a leading insurer is looking for with those organizations, then this one is definitely for you.
1:26.4	Now, a warning, if you are plugging in for your run or your commute, well, there's so much in here.
1:31.3	We left the recorder running for a little bit extra this time. So please do hang in there
1:35.7	to the end. Definitely worth listening. Maybe take another turn around the block.
1:49.9	James, I love having all our guests on the podcast, but I've got to say this is a particularly special moment.
	...

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