Partners’ Chat - Storm clouds and silver linings (280)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 29 December 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

This Christmas Eve, we bring to you our last Partners’ Chat of the year. Robin Merttens and Matthew Grant reflect on the year and the developments we’ve seen in insurance, particularly those set to define the industry in the next year. As always there are things to celebrate, and some things to be grumpy about. Talking points include: Our increasing understanding of what can or cannot be automated M&A and MGAs - how they fared this year Recognition of interdependence in insurance War exclusions - what are they and why were they relevant in 2023? The data in the hands of risk managers - how can we use it? What to do when there is no capacity available Love for wines 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. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected] Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Explain what Smart Follow is in insurance, particularly its evolution in algorithmic underwriting practices Identify the positives and negatives of collaborations and acquisitions in the insurance industry Summarise the importance of the untapped potential of Risk Manager data, and how practices can change to accommodate the data 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 280 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	Okay, Robin, we haven't done one of these for a while, but people seem to like them, but the rule is you can't be too grumpy, or if you're grumpy, you've got to offset it with something happy. Are you okay for that?
0:10.8	I am. I would admit to being grumpier this year than in earlier years, but I'm, you know, I'm a bit of the festive about me. So you've got me at my best. Good. Well, I've actually got an old thing here. If I think you're going off topic or you're getting too depressing, I'm going
0:24.6	to call you out. And we've heard variously in the past about different animals that may or may
0:30.2	not have devised under the Merton's gaze or worse. Any wildlife just now in your vicinity?
0:36.4	Well, I was shooting rats last time we spoke. I've taken to trapping. So I've actually got a
0:42.0	squirrel trap because I've got a rather attractive plum tree in the middle of the garden.
0:46.8	And then I, the exact moment, I have plums to harvest, the squirrels come out of the woods and eat
0:53.9	them all. So I've been
0:55.8	trapping them this year and then, well, it depends on my mood, but most of them get re-released.
1:02.3	Does it mean that grey squirrels, not red squirrels? I back out into Highgate Woods.
1:06.1	Thousands of grey squirrels there. And they are officially, according to the law of pest,
1:10.5	you're not actually allowed to release squirrels. If you catch, you actually have to are officially, according to the law of pest, you're not actually
1:11.1	allowed to release squirrels. If you catch, you actually have to, yeah, that's the end of the grey squirrels
1:15.6	if you catch them. Can we blame our American friends on grey squirrels? You know we've got
1:19.8	25% of our listeners are American, so we should be slightly careful. But, yeah, I was thinking
1:23.7	about that. I mean, because we also all love the red squirrels. I'm not quite sure. I bet red squirrels eat your plums are there or there as well.
1:29.5	They just look a bit prettier doing it.
1:30.9	But we've got squirrels in from the US.
1:33.7	We've got American crayfish taking over.
1:36.0	Apparently American bluebells are pushing out the British bluebells.
1:39.2	I'm not quite sure.
1:39.9	It's anywhere that the British fauna is taking over the US. You're kind of into that kind of thing.
	...

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