Oliver Werneyer: Co-founder and CEO, Imburse: Painless payments and the accidental entrepreneur (232)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 26 February 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oliver Werneyer launched his first business aged 16 and later went on to launch Imburse when he discovered the true cost to insurance companies of collecting premiums and paying claims. Another fascinating story about building a business, identifying opportunities and building confidence with clients. Imburse is the glue and pipeline between insurers, their clients and payment providers. Join Matthew and Oliver as they cover topics including: How to find a problem to solve - then build a business Revealing the true cost of inefficient processes - and fixing them Gaining confidence and credibility with insurance buyers Why the regulator is your friend Why Imburse built its technology in-house The importance of partnerships 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 [email protected] 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: Explain some of the advantages using in-house technology creates Describe the importance of maintaining processes for business efficiency Identify the significance of building a strong network of partners 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 232 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	Oliver, great to have you joining us. You're a bit of an expert on podcast and interviews. So I guess our challenge today, or the challenge for me, I should say, is to make sure we can find some content that people haven't heard before. But welcome, really pleased to have you joining us.
0:22.8	It's always a good time to exchange and get new ideas.
0:25.4	So I actually enjoy being on a couple of these chats.
0:27.4	I look forward to it.
0:28.4	Good.
0:28.6	Well, we've got a very active, engaged audience out there who's listening on Sunday morning.
0:32.5	So you'll be joining them on their run or their cycle ride or even doing the ironing. And you're in Zurich just now, I think.
0:38.6	That is correct. They started Zurich in Switzerland. I have been here for about eight years,
0:42.2	spent about four years before that in London, but originally from South Africa. So a long way
0:46.8	to Switzerland. Let's talk a little bit about Inbers. So you're the CEO, you're also co-founder,
0:52.0	company is founded back in 2018, or you kind of pivoted from something you were the CEO, you're also a co-founder, company who's founded back in 2018,
0:57.6	or you kind of pivoted from something you were doing before that, we'll hear a little bit about.
0:59.5	You've raised $16 million.
1:00.9	You've got 42 employees.
1:03.3	You've recently acquired by Duck Creek.
1:07.5	And the way I think of you is you're the glue that connects the payment pipeline between insurers and their customers and supplies.
1:10.8	And it looks like you're working with some of the industry leaders.
1:13.8	As you said, yourself, have moved around a bit, got a fair amount of experience.
1:17.6	I know that includes working as an actuary.
1:19.9	You worked in South Africa with Liberty Life and then also with Swiss Re.
1:24.6	So that was my very potted history of your life. Anything critical
1:28.8	I've missed in there before we get into details? No, not at all. My youth career in football before
	...

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