Niall Barton: Co-founder & Executive Chairman, Wrisk: A marathon not a sprint - surviving and thriving as an insurtech (154)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 5 September 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

For insurtechs to flourish, companies need to match their innovative technology solutions with market opportunities and an understanding of how the industry works. Some of the best innovation in recent years has come from combining new technology with deep insurance knowledge and experience, and this week’s podcast guest is a great example. Originally an underwriter, Niall Barton co-founded Wrisk in 2015 and has gone on to become one of the leading figures in the UK insurtech scene. Niall joins Matthew on Podcast 154 to discuss the growth of Wrisk, his experiences as a founder, developing insurance technology solutions, and building a business during Covid-19 lockdowns. Listen now to learn about: Changing careers and advice for aspiring founders Crowdfunding and working with investors Building vs buying technology platforms Pivoting a start-up and embedded insurance opportunities The growth of the UK insurtech scene Wrisk was named as one of the companies to watch in our embedded insurance report, Insurance: to Embed, or not to Embed, which is available to download for free on the InsTech London website. You can contact Niall directly on LinkedIn to discuss insurance, technology or holiday homes. 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 London newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development - Learning Objectives InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London 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: Realise where insurtechs stand in the UK insurance industry Understand how to begin solving a technology problem with a start-up Discern some of the different ways a start-up can obtain funding To continue learning about insurtechs, read our insight This is the next stage, not the end, of the insurtech promise. If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 154 page of the InsTech London 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, there goes August. I hope you had a chance for some relaxation in the last few weeks
0:16.0	and are now refreshed and raring to go for the autumn or for those of you in the southern hemisphere,
0:20.8	I'm sure you're looking forward to your summer.
0:22.7	Which reminds me, if you are a regular listener or reader of our reports, you'll know that
0:27.0	although we are based in the UK, our reach at Instex is now global.
0:30.9	In fact, Australia is our fourth most active audience, 24 in case you're wondering.
0:35.6	And if you're in the UK, you are still, of course,
0:37.5	part of our largest audience by geography, but the US is not far behind, making up almost
0:42.9	one third of our listeners and members. Anyway, enough about all of us and onto this week's guest.
0:48.7	Nal Barton is without doubt one of the stars of the InsureTech movement in the UK with a really
0:54.0	fascinating story to tell.
0:55.8	The blood of insurance flows through his veins. Nile is an underwriter by background, but a number of
1:01.4	years ago he grew frustrated with how insurers were supporting their clients and struck out
1:06.1	to launch his own business or businesses. Risk was founded in 2015 and in a relatively short time,
1:12.6	NAR and his team have gone through a journey with more peaks and troughs than most people
1:17.2	would want to experience in a lifetime. From crowdsourced fundraising to building their own
1:22.1	in-house technology, pivoting, changing CEO, surviving COVID lockdown, launching a lobbying group for UK and
1:28.5	Shortex and working through personal health issues, we cover a huge amount in this interview.
1:34.1	I'm also very grateful to Niall for sharing his very personal experience with advice to all
1:38.9	founders, which you can hear as a bonus section at the very end. Definitely worth hanging in there for
1:43.2	that.
1:47.6	Now, if this is the first time you've come across us at InSTECH London, well, I'm delighted you've made it this far. Please keep listening. I'm Matthew Grant and with Robin Merton's and
	...

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