Tim Smith & Lisa Balboa: Hannover Re: Innovation and the Life and Health protection gap (245)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 17 May 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re back talking about life and health for this week’s special edition with Tim Smith and Lisa Balboa from Hannover Re. Robin Merttens leads the discussion. Topics include: The role of a reinsurance company in providing protection for insurers and their clients An update on the use of wearables Making health insurance affordable for many How Hannover Re nurtures innovation 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 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, 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: Describe the key attributes of reinsurance companies and the significant role they undertake Identify some of the ways technology can help to assess risk levels within health insurance List some of the reasons there are gaps in life and health insurance and what can be done to overcome them 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 245 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	Hello and welcome old friends and new Matthew Grant here, but just a cameo appearance today for me to push the play button and then I'm going to sit back and join you listening to this episode.
0:19.4	Now, we're usually talking about property and casualty
0:21.7	insurance with our guests, but from time to time, you'd like to look at what's happening in that
0:25.3	parallel world of life and health insurance. Hanover-Ree is one of the world's largest reinsurers,
0:30.4	and Tim Smith and Lisa Bummert are Robin Merton's guest this week. You're going to get an update
0:34.9	on wearables, affordable health insurance for all, and a chance to find out what innovation looks like inside a re-insurer. But before I hand
0:43.2	over Robin, a quick request. Please do let us know if you find anything interesting on these
0:48.1	podcasts. Our guests are delighted by the over a thousand people who are now listening to
0:51.6	which episode, but we don't know who you are. So please keep making the comments on your podcast channel where you listen or LinkedIn
0:57.8	comment or message to Matthew Grant or Robin Merton.
1:00.2	It makes our day or you can send an email, hello at instec.com.
1:03.6	That's it. Robin, over to you.
1:19.6	So this week's podcast is with Hanovery, and I'm joined today by Tim Smith and Lisa Balbao.
1:26.2	Welcome both. Hi, Robin. Hi, Robin. Good to be here. Thank you very much for joining us. Tim, I'm going to start with you.
1:27.6	Your head of protection for the Hanoverie in the UK. Tell us, what does a head of protection do? Yes, thank you. It's not
1:34.3	necessarily obvious, is it? It makes me sound a little bit like a bodyguard. I do actually get
1:38.1	approached on LinkedIn sometimes for people trying to sell me security cameras. But protection
1:42.4	is our word for life insurance and critical
1:45.0	illness insurance and covers like that that provide protection for people or their families should
1:50.2	the worst happen. And so I head up that business line in the UK. And as a re-insurer,
1:55.2	obviously our clients are other insurers. So it's my job and my team's job to go out,
2:00.3	build relationships with them,
	...

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