Martin Samworth & Seth Rogers: RE5Q: New sources of property data - beyond insurance (205)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 28 August 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Finding comprehensive sources of data for property underwriting continues to be a challenge around the world. Companies such as RE5Q are tapping into data sources previously unavailable to insurers and creating new analytics. Join Matthew Grant as he talks to CEO Martin Samworth and CTO Seth Rogers about how the company is using its experience in real estate to tackle some of the hardest problems when finding verifiable and timely information for insurers, along with case studies and client examples. Topics discussed include: New sources of hazard around the world The convergence of real estate and insurance Exploding sawmills Building powerful AI engines Getting the data in the hands of the underwriters More information at https://www.re5q.com/ - and don’t miss the special offer at the end of the episode! More InsTech content featuring RE5Q is available on the company’s member profile page. 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: Summarise the current challenges faced within insurance when sourcing the relevant data for property underwriting List examples of how experience in the real estate industry has aided the property underwriting process Describe how AI technology is being implemented to generate relevant analytics for insurers in the property space 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 205 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	Hello, good morning, good afternoon, Matthew Grant here, and thanks for plugging in and joining us today.
0:16.2	For property insurers, knowing what is being insured, that's where a building is and what is made of is still a challenge, particularly for larger buildings and facilities.
0:25.2	Now, we're updating our location intelligence report for release later this year, and my
0:29.6	discussion today with Martin Sandworth and says Rogers from RE5Q give some perspectives on where
0:34.8	new data sources are going to be coming from.
0:36.7	More on that in the
0:37.6	report. Now, RE5Q has its roots in real estate and a team have been uncovering data sources
0:42.0	previously unavailable to insurers. And as summer draws to an end, we've lined up our series
0:47.9	of autumn events, breakfast and dinners to get us all back together again, so look out for
0:51.7	details on the website about those.
0:57.7	Finally, if you are listening to this and wondering why so many companies are working with us,
1:01.9	both insurers and technology companies, then contact me on LinkedIn or send us an email hello at instech.com to find out what you're missing. Or if you just want to say hello yourself
1:06.9	and let us know what you think of these podcasts, that's great too. Now, over to Martin and Seth.
1:18.0	Martin, Seth, really pleased to be talking to you today. Really fascinating what you're doing
1:22.7	at RA5Q. You started off providing data to real estate, to owners, managers, banks and others.
1:31.5	And now you're moving into insurance, looking at tapping into all these new sources of data,
1:36.2	many of which haven't been available to insurance organizations.
1:39.3	You found it back in 2018, Martin, your CEO and Seth, your CTO and founder.
1:45.1	But welcome, really delighted to be talking to today.
1:47.8	So Martin, obviously, you know real estate really well.
1:50.2	Be just intriguing to know what it was that attracted you to join RE5Q as CEO.
1:55.2	Yes, that's right, Matthew.
	...

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