Liselotte Munk, CEO: Fadata: Expanding to new horizons (323)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 6 October 2024

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Fadata’s CEO, Liselotte Munk, returns to the InsTech podcast with Robin Merttens to discuss the company’s recent developments, including its expansion to APAC and South America. Discover in this episode the intricacies of running a policy admin system provider, where Liselotte thinks the market is heading to next and the challenges with entering new regions. Key talking points include: The market’s maturity and the problems this may pose. Running a business when policy admin system changes are rare Working around compliance Working with a new generation of tech-savy insurers Culture shocks upon entering new markets Navigating a highly competitive marketing with key players Using AI in Fadata Ecosystems versus agnostic systems provider - which is best? 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 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: Describe why implementing a new policy admin system may pose issues for an insurer. Specify what markets across the globe are expanding and are interesting for new entrants in insurtech. Explain why you need to change your business model and approach when entering new global markets. 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 323 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 afternoon and welcome back.
0:12.1	Zoya, podcast producer here.
0:14.3	This week, we've got Robin Mertens speaking to a leading female CEO, Lizelotti Monk,
0:20.2	of an insurance software Fadatta.
0:22.8	Fadda has gone through some changes over the past few years,
0:25.8	and it was good to catch up with Lissolotti on Fadata's expansion to new spaces across the globe,
0:31.2	the difficulties in integrating products with insurers, and where the market's heading next.
0:36.3	This isn't Lizellotti's first time on the podcast,
0:38.7	so do check out the previous issue if you enjoy the conversation. Well, if you're already not
0:43.3	familiar with INSTECH, take a look at INSTECH.com to find out what other podcasts and exciting upcoming
0:48.8	events we have lined up. That's pretty much it. Now back to Robin Mizzolotti.
1:03.3	For this week's Instote podcast, I have a very rare beast.
1:08.4	I have a female CEO of an insurance software company.
1:12.6	I've got Lisa Lotté Monk, who's the CEO of the Fadatta Group.
1:15.6	Thanks for joining me. You're welcome. It's my pleasure.
1:19.5	Now, you've been the CEO there for six years. You still enjoy the role?
1:25.8	Absolutely. It's basically the best place to be in, as I said for many years, but it's still the case.
1:29.1	It's an interesting market. It's an interesting clients we're working with and technology has never been more business driven that they are today.
1:34.8	Well, I bet the role of the CEO is much more enjoyable if the company is doing well. How is the
1:39.3	data doing? What will the shareholders report for 2024 look like? Yeah, I think we are actually doing
1:45.7	great. We are on a great growth track in also a market that are difficult, but of course
1:52.1	maturing when it comes to acquiring technology platforms. But for 24, it has been a great year.
	...

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