Steve Pretre: Partner, World Innovation Lab: Investing in innovation around the world (203)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 14 August 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

World Innovation Lab (WiL) is a US & Japan-based venture capital firm with capital from governments and leading global corporations based in Japan and throughout Asia. The company's vision is to be the bridge between startups and corporates in key hubs across the globe - starting with Japan and the US. Matthew was joined by partner Steve Pretre. Talking points include: The areas of innovation in insurance that Steve and his colleagues are investing in, including opportunities in the emerging economies Growth in embedded insurance and low code, and the implications this has on data sharing How to build and maintain an ecosystem of partners that are distributing and underwriting insurance in different environments What federated learning for machine learning means in practice The Tokio Marine fund for seed and early-stage companies Why WiL has a team based in Japan and the difference in distribution and financial services compared to the US 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. 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. The Learning Objectives for this podcast are: List some innovative opportunities emerging for investors in the insurance space Explain why low-code platforms have gained traction within the insurance industry Summarise some of the differences in distribution and financial services for different international markets, such as the US and Japan 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 203 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	Hello and welcome wherever you are in the world and whatever you are doing.
0:15.3	Matthew Grant here, your host for the INS-DEC podcast.
0:18.4	Now, we're taking a pause from events and reports for August at
0:21.9	Instec, but with a growing team and working with more than 170 companies, we're getting ready
0:27.2	for a busy series of events and reports from September. Joining me this week is Steve Prettry.
0:35.8	I've known Steve for a long time. He's a partner with
0:37.9	World Innovation Lab or Will and Steve is based in California, but the fund brings in investment
0:43.5	and other partners from Japan and invests around the world. You're going to hear about the areas
0:48.3	of innovation in insurance that Steve and his colleagues are interested in and investing in,
0:54.0	including opportunities in the investing in, including opportunities
0:55.2	in the emerging economies, the growth in embedded insurance and low code.
1:00.4	Now, traditionally, Will has invested in late stage companies, but with the recently announced
1:04.7	Tokyo Marine Fund, investments are being made in early stage companies at seed and series
1:09.8	A level. So there's something for
1:11.0	everyone in this one. Now, thanks to all of you that have contacted us, let us know you're listening
1:15.4	and what you think of these discussions. We know you are there, but unless you tell us we don't
1:19.5	know who you are. So if you've got a moment, please do drop me a note on LinkedIn, Matthew
1:23.7	Grant, or email me, Matthew atinstech.com to tell us what you think and what you would like us to do better.
1:30.6	Be very much appreciated. Thank you. Now over to Steve.
1:37.6	Steve, it's great to be talking to again. You and I have known each other cracky, I think, for over 30 years.
1:44.0	So we'll talk a bit about that in a minute.
1:46.0	But you are today a partner at World Innovation Labs, or we're going to refer to them as
	...

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