Yann Barbarroux, Co-founder & CEO: Otonomi: Parametric payout for a disrupted world (320)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 15 September 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

According to Yann Barbarroux, Co-founder and CEO of Otonomi, “every year is like starting a new company”. It has been a year since we last caught up with Otonomi, and Matthew reconnects with Yann to discuss how parametric insurance helps mitigate supply chain risks, particularly in situations where traditional insurance falls short. Key topics include: Addressing pain points in maritime freight and global trade Developing and refining parametric insurance products Real-world case studies demonstrating Otonomi’s solutions Strategies for managing accumulation risk Yann’s expertise in risk management and its influence on Otonomi’s approach Expansion of the air cargo market and new maritime product offerings Growing awareness and adoption of parametric insurance Leveraging AI to scale and enhance business operations Otonomi’s global expansion plans and future funding strategies If you are interested to learn more about parametric insurance and non-damage business interruption, read our report here. 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 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: Explain how AI and developing new tools can help automate tasks within a business. Define parametric insurance and its impact in the perishable goods market. Identify the common issues in the cargo insurance space and how parametric insurance can solve 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 320 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	Good morning, good afternoon and welcome back, Zoya, podcast producer here.
0:13.1	Now, you may have just come back from holidays, or maybe you're fitting in this sneaky early
0:18.4	autumn break. Whatever it is, I'm sure you're aware of how
0:22.2	annoying it is to have delays to your flights, which sometimes means you can lose a few hours off your
0:26.9	holiday. But what happens if you're a business and you're sending perishable goods like prawns?
0:33.6	Or your container can't dock because the bridge has been smashed up. And of course we all remember what happened with the Suez Canal blockage.
0:41.3	Matthew joins with Yan Barbaru as he explains how autonomy covers these risks where no one is to blame and traditional insurance isn't available.
0:50.3	Now, while Yan didn't have a career in insurance, and we've seen many people who have
0:55.8	had a career in insurance has helped them build a new business. For Jan, it was his background
1:00.5	and financial risk management that gave him a fresh perspective to solve one of the world's
1:05.1	insurance gaps through parametric insurance. Well, if you're not already familiar with INSTEC or not aware that we do have a life
1:13.0	beyond the podcast, take a look at INSTEC.co to find out what we know and how we can help you
1:19.1	find your next business partner, whether that's an insurer looking for your analytical solution,
1:24.5	or if you're one of those insurers and you're trying to figure out who can
1:28.0	help you move your business forward. You're going to find many of those on the website and listen
1:33.5	to the short stories about what people are doing and want to share with the world. That's pretty much
1:38.9	it. Now let's see what Jan has to say.
1:52.9	Jan, it's great to have you back on the podcast. We first met on a panel in 2020.
1:58.1	And if I recall what you said in the last podcast, that it was part of your motivation to go and build your business. It's really been fascinating to see how you've grown since then.
2:02.6	I was also really pleased to hear that you had managed to take some time off.
2:06.6	I know you're a big tennis enthusiast. You've been on a tennis camp.
2:08.6	It's always good to know that founders, entrepreneurs, CEOs don't spend their entire life at work.
	...

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