John-Isaac Clark: CEO, Arturo: Property insights from above (186)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 17 April 2022

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Arturo delivers on-demand property data using multi-source imagery and provides AI insights for damage assessment after a catastrophic event. John-Isaac "JC" Clark, the CEO of Arturo, speaks to Matthew about how Arturo's information is used. They cover how satellites collect data, what underwriters are doing with it and how he expects this to evolve as innovation progresses. Talking points include: How American Family is producing a technology company from its innovation team The sourcing and accuracy of information used in the lifecycle of an insurance policy What data do satellite and aerial images capture and how they are used to produce insights Use cases of drones and aircraft in the property and casualty markets Examples of who they partner with and why How insurers in the US, Australia and Japan are using Arturo's data 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 London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London 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: Summarise how insurers source the relevant information for insurance policies Describe how satellite and aerial images capture data, and how underwriters use the insights this data produces List some cases of drone and aircraft use in damage assessment, and the advantages for the property and casualty markets If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 186 page of the InsTech London website or email cpd@instech.london 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	Hello, Matthew Grant, welcome and welcome back. Now, I'm not going to hang around for this
0:18.5	introduction because we have another extended episode
0:21.6	for you this week. But if you've ever wondered about how data is being collected by aerial images
0:26.7	from satellites and such like and what underwriters are doing with it, then this one's for you.
0:31.2	Or you may just be curious, the kind of tools that insurers are using and underwriters,
0:35.2	or in this case, why one large US insurer, that's
0:38.2	American family, wanted to spin out a technology company from its innovation team.
0:43.3	Now, quick warning, if you're on your bike, out for a run or just grabbing a walk in the sunshine,
0:48.3	you might want to stop to give yourself a chance to catch your breath halfway through.
0:52.3	Okay, let's go. J.C., great to have
1:00.3	you along. I know you're a bit of a podcasting expert, and you've got some great kit there, actually.
1:05.0	I'm getting kit envy already, so I guess I'm going to learn a few tricks from you.
1:10.1	It actually comes from front of my side hobbies.
1:13.3	I play music and write music and trivia about myself.
1:17.2	I used to play in bands in Austin many, many years ago.
1:20.2	So I still fortunately have a lot of things that are coming useful for other purposes besides my hobby.
1:24.4	So this is some of my music equipment for recording that I'm repurposed for
1:28.3	today's podcast. Well, we're actually looking for some new music for the InSept podcast. So if you
1:33.6	want to send us a demo tape, we'll come in a run. But on with the show. So this is great to have you
1:39.0	joining us. You've got a massive background on LinkedIn. I'm not going to be able to do full justice to that, but you are CEO of a Turio.
1:46.5	Got a long history.
1:47.1	It looks like going back to 1993, you've been working technology, innovation,
	...

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