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InsTech - insurance & innovation with Matthew Grant & Robin Merttens

Johnny McCord: Founder and CEO, Loadsure: Freight insurance - variable, reliable, available (213)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 23 October 2022

⏱️ 32 minutes

🧾️ Download transcript

Summary

Loadsure is a Lloyd's backed MGA using analytics to automate the underwriting of shipped goods and cargo. Matthew Grant is joined by Johnny McCord, Founder and CEO of Loadsure. Topics they discuss include the benefits of an instant embedded solution to offer insurance, why traditional insurance is unable to offer flexible products and the importance of a strong company culture in attracting the right talent. Further talking points and learning points include Examples of how practical ways that improved use of technology and digital exchange of information support the customer needs. How the use of data and analytics can overcome shortcomings such as the difficulty for traditional freight insurance, to provide the necessary cover for products such as alcohol, foods, frozen produce and fireworks. Loadsure’s experience with the Lloyd’s Lab and how to make remote working a benefit for the business. The power and efficiency that comes from using existing categories and industry codes to gain a better understanding of the location and movement of commodities being insured. Find out more about Loadsure and everything else we are up to at InsTech from our website www.instech.co Please tell us what you think of the podcasts - or to learn more about how InsTech can help you by contacting Matthew Grant or any of the team hello@instech.co 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 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: List some of the ways in which data and analytics can be advantageous in overcoming the difficulties of traditional freight insurance Summarise how the use of technological & digital advancements can benefit customer needs Identify key advantages of instant embedded solutions when offering insurance 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 213 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.

0:12.6

Matthew Grant here.

0:14.0

And if you are in the North hemisphere, then I hope that you two are enjoying these wonderful

0:18.6

autumn, or if we're in the US, fall days we're having just now.

0:22.5

Perfect for plugging us in to go for a run, a walk or just tidy out the garden.

0:27.0

And for those of you in the Southern Hemisphere, well, I hope spring is in the air and even more reason to be out and about.

0:34.0

Well, this week we have another founder's story, Johnny McCord, CEO of Loadsure. Now,

0:39.7

unless you're directly involved in shipping or logistics, you probably don't know much about freight

0:44.4

insurance. I certainly didn't until this, but Johnny's story about how he founded Loadsure

0:48.6

follows a classic way that some of the most successful entrepreneurs have started businesses.

0:53.2

So it's definitely worth a listen. As an insurance broker himself, Johnny had often thought there must be a better way

0:58.6

to provide insurance for what is a fragmented market with needs for coverage that are varying

1:04.0

day by day. Now, that may have remained no more than a dream if Johnny hadn't been spurred into

1:09.0

action by one of the most successful

1:11.2

entrepreneurs in the London insurance market. Keep listening to find out more about that.

1:16.7

We're delighted to have Loadsure as one of our many corporate members from insurance and technology

1:21.0

companies. Contact me or any of our team, that's Matthew Grant, on LinkedIn or hello at

1:25.8

instec.com for any of us us and you can find full details of

1:28.8

what we're doing on our website www.com.com.

1:39.9

Instech is accredited for continuing professional development by the Chartered Insurance Institute,

1:45.1

and you can earn up to 0.5 CPD hours by listening to our podcast. You can find the learning

1:50.7

objectives on our website, www.com, or in the episode description. While you're there, please do take a

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