Karina Buch: Chief Commercial Officer, Insurance Business Applications: Digital insurance platforms - getting ahead and staying ahead (156)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 19 September 2021

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Insurance Business Applications (IBA) has established itself as a genuine insurance innovator over the past decade, embracing new technologies to offer a full cycle property and casualty insurance platform in the cloud. Chief Commercial Officer Karina Buch joins Robin to discuss the company's origins and growth so far, why global insurers like Zurich and AIG are choosing to use its IBSuite platform, and the potential of both embedded and parametric insurance. Talking points include: Why speed matters when building products Re-platforming vs greenfield development Covid-19 and the race to modernise The demand and attraction of embedded insurance Integrating external data for parametric triggers 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 London 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: Understand what a full cycle insurance platform is and some of its benefits Compare some of the differences between building a new platform or onto a preexisting one Realise some of the potential opportunities within parametric and embedded insurance To continue learning about platforms in insurance, read our report No-Code/Low-Code Platforms - A Bridge from Legacy to Digital? 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 156 page of the InsTech London 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	Welcome to the Insect London podcast, fantastic for you to join us again. You're going to hear in a minute from Robin Mertonens back with the microphone talking to Karina Bush,
0:21.6	COO of IBA. But as you can probably tell, I'm recording this introduction, not from my bedroom,
0:27.4	but in front of a live audience. So for those of you who have forgotten, wait for it,
0:32.8	those of you have forgotten but a live audience sounds like, here they are.
0:40.1	Okay, so we did record this after giving them a few drinks,
0:42.8	but if you'd like to come and join us for our future events at INSETLondon,
0:45.6	you can find all the information on the website www.org.org.
0:49.4	com.
0:50.2	Now over to Robin and Carino.
1:00.3	Thank you. London. Now over to Robin and Carina. Good morning, everybody. Welcome to this week's Intertech podcast. I'm absolutely delighted to have
1:06.7	with me today, Karina Bouch, who is the COO of insurance business applications.
1:12.0	Karina, thanks for joining us.
1:13.7	You're most welcome.
1:14.6	Delighted to be here.
1:16.1	Now, am I right?
1:17.0	I describe, and we put this on our website, we describe insurance business applications,
1:22.5	which shortens easily enough to IBA as a full cycle property and casualty insurance platform in the cloud,
1:29.9	which you call IB Suite, what everyone calls IB Suite, and it's focused on helping
1:34.3	insurers digitise and automate the full insurance lifecycle. That sounds about right.
1:39.3	That sounds about right. Now, you're no insuretech, are you? In doing my research, I saw the origins of IBA
1:46.6	go all the way back to 2010, sort of five years pre-insuretech. What was the genesis for it?
1:55.3	Basically, our founder, CERN, who is the CTO today as well, was called by an insurance company to state whether he
	...

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