Marty Smuin, CEO: Arturo: Protecting against assuming unsustainable risk (291)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 25 February 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Arturo is a property intelligence company which combines multispectral imagery, geographic data and customer portfolio insights with machine learning models in a single platform. A lot has developed in property intelligence since we last spoke to Arturo on the podcast. Matthew Grant caught up with CEO Marty Smuin about how generative AI is adding a new dimension to property analysis. Arturo knows that it is expensive to be wrong in insurance. Find out how Arturo is aiming to tackle relying on outdated public records, incomplete tax assessor data and more in this episode. Key talking points include: Using third-party data to reveal greater insights Driving innovation - Smuin’s background in technology Partnering with Suncorp in Australia The power of high-resolution data in underwriting property - how Arturo is tapping into new sources of data The impact of generative AI on property risk assessment For more information on Arturo and how they can help, you find more information about the platform here and reach out to book a demo here. If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected] 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 the methods Arturo uses to make property intelligence more accurate to improve the claims process Specify how changing climate and weather patterns have a direct effect on property analysis Identify ways in which generative AI is developing and innovating property risk assessments 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 291 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	Well, I think anybody who owns property that's insured should tune in for this.
0:03.9	Because there's a lot of things that go into the pricing of a policy, the natural surroundings,
0:10.6	the roof categorization as far as health score of the roof, what the property looks like,
0:16.8	how well maintained, what kind of defensible perimeter have you created? Do you have huge trees hanging over?
0:31.0	Good morning, good evening, Matthew Grant here, and delighted you can join us again, or if this is your first time well a very big welcome now
0:38.1	we're well into the new year here in london but it is very cold and i'm guessing if you're in the
0:43.1	northern hemisphere just now pretty cold where you are too so keep warm on your run walk or whatever
0:48.4	you're doing whilst you've got us plugged in but we're off to a flying start this year and i'm back
0:52.8	talking this time to the new ceo of arturo martuant, to discover what has been happening with aerial imagery in the last
0:59.3	year. Now, AI and generative AI in particular loves making sense of complex data and helping
1:05.7	us all make the right decision. So it's no surprise that air imagery is now coming at the resolution of the size of
1:12.8	your phone or mobile device when we looked at from space. And Arturo is one of the companies
1:17.4	processing hundreds of attributes of data so that property assess there's no need to climb onto
1:22.0	ladders and expect roofs anymore. Well, I guess it's kind of hard to get insurance for that anyway.
1:26.8	But keep an eye at what we've got coming up at www.com. We've got live events in the UK and the
1:33.6	US more reports and we're seeing a massive increase in insurance people signing up for our webinars.
1:40.3	Let us know we can help and please do keep telling us what you think on LinkedIn or by email.
1:45.8	But now, here's Marty.
1:49.9	Marty, great to be talking to you.
1:52.4	You are calling in from Utah, which I think you might be the first person from Utah joining us.
1:57.9	What's Utah like today?
1:59.4	Utah is very snowy.
	...

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