Todd Rissel: Chairman & CEO, e2Value: Product launch 2.0 - smart tech, simple solutions (153)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 29 August 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When you think of insurance innovation, there is a whole host of exciting start-ups and scale-ups that spring to mind, but this week’s podcast guest has been consistently innovating for the past two decades. Todd Rissel founded e2Value 20 years ago and has built a company that now provides Insurance to Value (ITV) data and products to over 500 clients in the US and Canada. Matthew and Todd discuss how e2Value has managed to stay relevant and move with the times, including its latest product offerings for estimating repair costs and gathering data about property characteristics. Talking points include: Why insurance knowledge matters when building technology How to maintain customer relationships Creating a digital, scalable underwriting process Working with partners to refine new products How companies approach innovation - UK vs the US e2Value was named as one of the companies to watch in our Location Intelligence 2021 report, which is available to download from our website and free to InsTech London members. More information on Structure Insurance Score (SIS) is available on the Willis Towers Watson website. To find out more about Inspect Connect, go to inspectconnect.com. More e2Value content from InsTech London is available on its member profile page on our website. 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. 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 the Structure Insurance Score (SIS) and how it works in the insurance market Compare some of the ways innovation differs in the US and UK Recognise where innovation in the industry might be heading To continue learning about innovation in insurance, read our insight Covid-19 - Insurance innovation your time has come. 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 153 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, if you ever wondered why we call ourselves INSTEC, then this interview with Todd Riesel, founder of E2 Value, is a hint at the answer.
0:19.7	Of course, we are big fans of the new companies
0:22.1	entering into the insurance to shake things up and make the world a better place, but there are
0:26.4	still a lot of companies that predate the emergence of InsureTech that are launching new products
0:30.9	with new technology and new data. Some of these are definitely worth knowing about whatever
0:35.9	your role and E2 value is one of them.
0:38.1	Well, indeed, ironically, this morning I had an email from the CTO of a very well-known global technology company that is older even than Robin and I.
0:46.1	I'm not going to reveal who it was, but the gist of his email is as follows.
0:49.4	Matthew, you asked recently if there are any companies in Stek should be hearing from.
0:53.6	Well, we do have a world-leading solution that most people have never heard of.
0:57.8	We have 20 clients globally and are processing billions of units a year.
1:01.9	Well, it sounds like they need to become interstate corporate member.
1:04.8	First of all, so we can tell the world what they're up to, but maybe we'll get them on to
1:08.0	the podcast soon. But it does reinforce the point that whilst insuretech has been getting a lot of love in the last five years,
1:13.6	the newcomers are not the only game in town.
1:16.6	Now, E2 Valley was founded by Todd 20 years ago.
1:18.6	At the time, Todd was an appraisal manager working for insurance chub.
1:22.6	Today, the company has over 500 clients.
1:25.6	Now, COVID may have kept Todd and his colleagues stuck
1:28.6	at home for a while, but that hasn't stopped them releasing two new products that build on the
1:32.8	information that E2 value licenses, that's data and analytics that help to find property
1:37.9	rebuild costs in the US and Canada. You're going to hear more in a minute about both of these
	...

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