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InsTech - insurance & innovation with Matthew Grant & Robin Merttens

Nader AlSalim: Founder and CEO, Gaia: The new way to pay for IVF (210)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.951 Ratings

🗓️ 2 October 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

Gaia uses medical data to offer personalised financial plans to remove the financial barriers to accessing fertility care. It is the world’s first IVF (in vitro fertilisation) insurance product that predicts fertility outcomes and insures against the risk of failure. Robin Merttens is joined by the Founder and CEO of Gaia, Nader AlSalim, to discuss why he wants to remove the financial barriers to fertility treatment. Talking points include: The insurance gap Nader’s personal journey that encouraged him to start Gaia Gaia’s experience with Lloyd’s Lab Gaia’s identity as a brand and the long-term plans for its evolution The partners they’re looking for as they expand into new markets and geographies More InsTech content featuring Gaia 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 key financial barriers faced by potential fertility treatment patients Explain how medical data is used by insurers to create a personalised insurance offering List some of the benefits and initial challenges for an organisation engaging with Lloyd’s Lab 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 210 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, wherever you are, and whatever you are doing. Thanks for inviting us to join you, Matthew Grant here, and if this is your first time, then hello. I am delighted you find us and to everyone else,

0:21.1

well, welcome back. Now, I'll be switching off my mic in a moment and Robin Merton's picks up

0:25.8

the conversation today with Nadir al-Salim, founder and CEO of Gaia. Now, Gaia has been one of the

0:31.8

big stories here in the insurance world in London for the last couple of years, and like many of

0:36.5

the most successful entrepreneurs,

0:38.1

Nadar has built the business as solve a problem that he had experienced himself. You'll hear a lot

0:43.0

about the insurance protection gap these days, finding solutions for when traditional insurance

0:47.1

hasn't worked. Garry is one example of a company solving the insurance gap, in this case,

0:51.8

providing coverage for the failure of IVF treatment.

0:55.2

I'll let Robin and the idea pick out the story from here.

1:04.3

So I'm with Nadal Saleem.

1:06.1

He's the founder of Gaia and the CEO.

1:09.6

Nadar, welcome.

1:10.7

Thank you for having me.

1:12.1

I know from our discussions before that you're a Palestinian,

1:15.0

and I think I can safely say,

1:17.0

the first person of Palestinian origin that we've had on the podcast,

1:20.8

what was it like growing up, and how did you end up in the UK?

1:24.4

First, it's such a great honor to be the first Palestinian.

1:26.7

I did certainly, but I'm not the last.

1:28.7

So do I. I actually grew up as a Palestinian in Beirut and Lebanon, which actually makes matters

1:34.4

a little bit more complicated. My grandparents, like many millions of Palestinians, were forced out of

...

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