Neil Eckert: Founder & Chairman, IncubEx: A career as a pioneer in insurance and climate change (191)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 29 May 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Neil Eckert is a serial entrepreneur and pioneer in many areas of insurance and beyond. He was an early advocate for the benefits of digital innovation and had the vision to predict the need for companies to manage their exposure to carbon almost 20 years ago. Neil joins Robin to discuss how the insurance industry has changed throughout his career, how to recognise and respond to new opportunities in the climate space and his current work as Chairman of IncubEx and Conduit Re. Talking points include: Why the insurance industry is so reluctant to be truly digital Why he believes insurance is inextricably linked with climate change The genesis of IncubEx as an iteration of a carbon trading platform The role of carbon credits for insurers Where the next big opportunity in insurance lies Matthew's article, 'Data Disasters and Career Limiting Catastrophes' is available to read on LinkedIn. 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 benefits and barriers to implementing digital operations within insurance practices Explain the relevance of carbon emissions and carbon trading to the insurance industry List some of the potential opportunities available for insurers within the climate 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 191 page of the InsTech website or email cpd@instech.london 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

Click on a timestamp to play from that location

0:00.0	Good morning, good afternoon, good evening, Matthew Grant here. Well, summer has arrived in the northern hemisphere and holidays have begun.
0:24.7	Whilst I've been playing around in boats, Robin Mertons has picked up the microphone this week to talk to an old friend of his Neil Eckhart. Neil has been an early visionary in many
0:29.1	areas of insurance and beyond, including seeing the potential for a shift to digital almost 20 years
0:34.2	ago. He forced all the demands from companies and society to manage the exposure to
0:38.6	carbon and Neil has backed his view of the world with capital investing and running a number of
0:43.2	businesses. So stand by for a fascinating exploration into the various stratus of innovation and
0:48.2	entrepreneurship in the insurance and climate landscape from more than two decades and right up
0:52.7	to present day with Neil's involvement
0:54.5	in Inkebx. And if you're wondering what else is going on in the world of insurance, technology
0:59.2	and insuretech, or if you're building your own technology data or analytics company, I want to be
1:03.6	sure the world knows what we're up to, then email us hello at instech.com to find out more about
1:08.7	what we offer through corporate membership.
1:13.4	Finally, you'll hear Neil mentioned Piper Alpha in a few moments.
1:17.0	That refers to the North Sea oil rig that exploded in 1988,
1:21.4	with extensive loss of life and a significant escalation of costs for the insurance industry.
1:25.8	If you want to learn more about that, I covered it in an article back in January 2019,
1:28.9	which is available on LinkedIn, and we'll put a link in the episode notes, data disasters and career limiting catastrophes. Now, over to Robin and Neil.
1:40.5	I'm absolutely thrilled to have with me today, an old friend Neil Eckert, who's the chairman of Incubex.
1:46.3	Neil, welcome.
1:47.3	Thank you, Robin, and likewise.
1:49.6	You and I first met back in 2000 when you were the chief exec at Britt, and you didn't start out in the carrier side of things.
1:57.8	I think you were early into insurance and into Broking.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from InsTech, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of InsTech and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.