Verena Brenner, Founder: HDI TH!NX: Insurer-led innovation (296)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 31 March 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

HDI TH!NX was founded in 2019 by Verena Brenner, initially operating within the German insurer HDI Global, as an incubator for IIoT solutions. Now providing software to support risk management applications for insurers and insurance clients, tune in to hear Verena discuss the mechanics behind founding a startup within an insurer and the company’s development in providing varying solutions for their customers. Key talking points include: Why HDI TH!NX was launched - from a PhD in global supply chains to utilising the impact of IIoT solutions The centrality of the customer Advice for launching a startup - innovation is not a hobby Growing into the ESG space - evolution in the company’s direction Helping insurers understand their risk better If you like what you're hearing, please leave us a review on whichever platform you use or contact Dr Verena Brenner or Matthew Grant on LinkedIn. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected] Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, 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: Specify what is required to successfully develop a business model intended to help insurers Define what an IIoT is and how it can help risk managers and insurers in understanding their risk better Identify sectors where IIoT and sensors are valuable in collecting the right data 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 296 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	So in Germany alone, each year, insurers pay out more than 3.1 billion in insured leakage
0:06.8	claims in commercial, but also in private insurance. There are different types of leaks.
0:13.2	You can have pipe bursts, micro leakages, or surface water from rain or broken machines or
0:20.7	heating systems, for instance. So you need actually sensors
0:25.0	that are capable of detecting different types of leaks.
0:43.4	Hello and welcome or welcome back wherever we are and whatever you are up to.
0:50.7	Matthew Grant here, CEO of Instech, and I hope whichever part of the world you are in is as sunny as it has been in London this weekend.
0:55.5	Talking of Sun, Renewable Energy is one of the topics I cover this week when I speak to Verena Brenner, CEO of HDI Thinks. Now, HDI is a large German-based insurance over 100 years old,
1:02.7	but it's another organisation that's proving that age is no barrier to innovation. Verena launched HDI
1:08.2	Things when she was working at HDI, and she now runs the company as a successful
1:12.1	startup operating outside of HDI's direct control. Well, we've been hearing about potential
1:16.8	use of sensors and IOT by insurers and their clients for risk mitigation and underwriting for
1:21.5	a few years now, and it was fascinating for me to hear some practical examples of where this
1:26.0	is working at scale. Now, if you haven't discovered what we're doing at Instech around the world
1:29.8	with technology companies of all size and how insurers are able to tap into our knowledge
1:34.4	and network, then take a look at www.instech.com.
1:38.4	Better still, come and join us at a future event in the US or the UK.
1:42.4	Okay, on with the show.
1:56.3	Verena, delighted to have you today. I've been following what you've been doing for a few years now, so it's really interesting to actually dig into it and also talk to you about you or the founders.
2:02.1	So you're speaking to us from Berlin, I think, today.
2:05.2	That's correct. And thank you for having me.
2:07.4	So you're a spinoff from Global Insure, HDI.
	...

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