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InsTech - insurance & innovation with Matthew Grant & Robin Merttens

Trevor Davis, Managing Director, Life & Health at Instanda (48)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Entrepreneurship, Business, Investing

4.951 Ratings

🗓️ 6 October 2019

⏱️ 22 minutes

🧾️ Download transcript

Summary

The curse of "legacy" is often blamed for lack of innovation in established insurance companies - but is that really the problem? Instanda was founded 7 years ago and has proved it can successfully build new systems for insurers and work alongside, and with, legacy and still deploy its solutions quickly and relatively cheaply. With 40 companies drawn mostly from P & C, Instanda is now branching out in Life & Health. Trevor Davis joined Instanda last year from Swiss Re. In this episode he talks to Matthew Grant about how the company builds its products, why it has been successful, the new opportunities arising in the Life & Health space and what the future for System Integrators may look like.  This autumn our podcasts are being supported by Insurance Insider and they are offering a free issue to all of our listeners. Download it from http://campaigns.insuranceinsider.com/instechlondon/ To find out what we are up to at InsTech London - our future events, past events and our weekly news, go to www.instech.london

Transcript

Click on a timestamp to play from that location

0:00.0

People are finally recognizing that it doesn't have to be either or.

0:06.5

The marrying of new technology with legacy because of the things that we've talked about

0:12.1

is eminently possible.

0:18.6

Welcome to the INS-DEC London podcast. I'm Matthew Grant and in this episode I am talking to

0:24.6

Trevor Davis who is managing director life and health at Istanda. Estander provides a SaaS, that's

0:31.4

software as a service platform for brokers, MGAs and insurers. It was only founded in 2015 but already has 40 clients.

0:41.1

Now speed to market is a common theme across many of the new entrants into this market

0:46.6

space for platforms and when I talk to Trevor he describes what has made in standard

0:51.9

successful including how they work with legacy systems and what

0:55.9

the company is doing to give their clients more certainty about the costs and the time frame

1:01.4

when deploying their solutions. We're delighted to bring you this podcast with the support

1:06.7

of Insurance Insider. Take a look at the episode notes for a link to the free issue of their latest edition.

1:18.9

Trevor, delighted to be having a chance to talk to you here in your WeWork office. I did hear a

1:23.5

rule actually that you're not allowed to build a building higher than the Tower of London.

1:28.3

You've got a wonderful office here with a view over the Tower of London.

1:30.3

I'm sure you could rein a few arrows down on them if you wanted to, but certainly a great place to work.

1:36.3

So you're first of all just very interested on your own career.

1:39.3

I'll talk a bit about what you're doing at a standard in a minute, but you've had a long history in

1:45.0

insurance, working for some large organisations, and now you're working with the company.

1:48.8

It's no longer a startup, but certainly much newer than many organisations you've worked with

1:53.8

before. So what brought you over from the dark side into the world of innovation?

1:59.1

Well, first of all, Matthew, welcome to our office.

...

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