Nigel Walsh: Managing Director of Insurance, Google: Scaling up the future (229)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 5 February 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week Matthew Grant is talking to Nigel Walsh, Managing Director of Insurance, Google Cloud. You'll find out why Google launched its recent “start-up” - Google Cloud - growing in excess of 36% quarter to quarter. Nigel is well known for his love of insurance and engagement across a whole range of innovative topics - and his annual predictions. He relocated to the US from the UK last year so we get a perspective of how attitudes, and technology, vary on both sides of the Atlantic. Topics include What’s changed since the phrase “Insurtech” was invented 7 years ago? What consumers really want? Don't mistake a clear view for a short distance Are insurers returning as investors with a fresh appetite for innovation? Predicting the future and scoring past forecasts We’d love to know what you think about this episode - click here and add your thoughts to our LinkedIn post about it. If you like what you're hearing, please leave us a review on whichever platform you use or leave a post on Linkedin or contact Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co 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. By the end of this podcast, you should be able to meet the following Learning Objectives: Describe some of the advances in insurance operations since Insurtech came about and the benefits this has brought for insurance businesses. Identify the key trends when insurers decide to return as investors. Learn some of the techniques used to predict future business growth & success 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 229 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	Nigel, it's great to have you back on the podcast. I don't need to ask you where you are,
0:15.3	because I can see it over your shoulder, but of course, this is audio only. I can see the Empire State Building.
0:19.2	So either you've got a very sophisticated screen saver, or you're sitting very high up in New York. I'm sitting very high up
0:25.1	in New York. I have a phenomenal view from my apartment and it's very special. I won't complain
0:31.1	one bit at all. But good to hear you as well. Good to see you. Well, I'm glad you're looking
0:35.4	really happy because I was informed that today
0:37.5	we're recording this on january the 16th is blue monday which is the day that everyone is meant to feel
0:42.4	really fed up and do nothing but you're looking very upbeat so i'm hoping that actually this is good for
0:47.1	you i'm always upbeat you know me better than that and actually funny it's funny you should say about
0:51.9	blue monday i was reading something earlier online that said blue Monday was made up by travel agents many, many moons ago to ensure people booked more holidays. It was that time of the year.
1:02.6	Or greetings cards, companies making out Valentine's Day and Mother's Day. It's the other one as well. That's a whole different podcast, I think we're getting into there.
1:09.5	It really is. It really is. That's the Grumpy Old Men podcast. But listen, you may have over 25,000 followers on LinkedIn,
1:15.9	but there are some people who out there who don't know who Nigel Walsh is. So quick intro,
1:19.8	and you can pick up anything I haven't put in here. It's important. Managing Director,
1:24.0	insurance at Google Cloud in the US, hence why you are based in the US. And we like to
1:29.8	give some context for companies here. So I looked it up just now and Google is valued at $1.2 trillion
1:37.1	US dollars, which for those that I'm quite sure how their units work out is $1,200 billion, rounding
1:43.7	up a bit. So obviously, really key role, going to hear a little bit more
1:47.6	about that, plus what's going on in the world around you, but anything I've missed out of your own
1:51.5	bio before we kick off. Yeah, it's funny when you say those things. It's one of those companies
1:56.3	that you work for that you never actually have to say what you do. You just say, hey, I work for
2:00.7	Google, or in my case, Google Cloud specifically, because to say what you do. You just say, hey, I work for Google,
	...

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