Robin Merttens & Simon Torrance: Insurance - to Embed, or not to Embed (144)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 27 June 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The attraction and vast potential for ‘embedding’ insurance products has made it one of the hottest topics of 2021. Robin Merttens chats to Simon Torrance on Podcast 144 about the opportunities offered by embedded insurance and insights from the InsTech London report, Insurance: to Embed or not to Embed. Talking points include: The definition of embedded insurance Embedded success stories from around the world Why customers like embedded solutions Third-party distributors and platform business models The challenges facing incumbents 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. Insurance: to Embed or not to Embed will be available to download on the InsTech London website from 9am on Thursday 1 July. The report takes an in-depth look at what embedded means in practice, the emerging opportunities, and the companies who are making it work. Join Robin at 12pm on 1 July as he discusses the findings from the report in a Live Chat with Franck Pivert, Chief Revenue Officer, Wakam; Jean-Charles Velge, Co-Founder, Qover; Louisa Murray, Chief Operating Officer (UK & Europe), Railsbank. 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: Understand what embedded insurance is and how it differs from some pre-existing solutions Realise some of the opportunities embedded insurance offers and its value in the future Recognise how incumbents could benefit from embedded insurance and what is holding them back 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 144 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, whilst we're all running around figuring out how to make insurance better, it can help sometimes to step back and ask the existentialist question, should insurance even exist?
0:23.7	Well, of course it should. People and businesses are always going to need some way of recovering from losses.
0:30.1	But a theme that is beginning to emerge is whether there are times that the insurance element is not required as a standalone function.
0:36.9	And the claims or recoveries
0:38.6	should simply be part of what is included in the original purchase price.
0:43.9	This is Matthew Grant, a partner at INSTECLondon, and by the time this podcast has gone live,
0:48.6	Robin Merson should have handed in his homework, and we will have released our next INSTEC London
0:53.4	report, this time looking at the themes and companies related to embedded insurance.
0:58.0	So in this episode, Robin is going to be talking to Simon Torrance,
1:01.0	who collaborated with us on the report,
1:03.0	and they are discussing why embedded insurance is becoming so popular.
1:07.0	Look out, for examples, from around the world,
1:09.0	where insurers are collaborating with companies
1:11.3	selling products and in some cases opening up major new markets and making the experience
1:16.4	painless for the customer. As always, the write-up for this episode is available on our website
1:21.8	www.insdeck.london and if you want to learn more about what we are finding out about
1:27.0	in embedded insurance, you're also going to find the report there too. Nowondon and if you want to learn more about what we are finding out about in embedded
1:27.7	insurance you're also going to find the report there too. Now if you think you'd benefit from
1:31.9	working closer with us and want to learn more about our members network then please
1:36.3	do get in contact with me Matthew Grant on LinkedIn or any of us hello at
1:41.0	instec.london.
1:54.0	So hello everybody and welcome to this week's Instech London podcast. This week I'm joined by Simon Torrance, who it's fair to say is a man of many
	...

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