InsTech London Insights – 22 October 2015

We’re struggling a little with the new newsletter technology (yes, ironic, we realise!) so please find a copy below in more or less the planned format.

InsTech London – The Insurance Innovation Hub Welcome to our latest newsletter.  To walk the walk we’re trying to be a little more innovative than mere text emails.  However, this takes time, so if any of you are interested in helping out on this (or any of the other event, information gathering and social media aspects of InsTech London) please do get in touch. The past few weeks have been busy, and the momentum is only increasing.  We have almost 100 new members in the MeetUp group in just the last month, and importantly you continue to come from the full spectrum of roles – insurers, innovators, investors, researchers, journalists, service providers etc etc.  Our aspiration is to offer a hub for the insurance innovation eco-system and that’s only possible if all elements of the eco-system are present.  And it increasingly feels like they are. We had a great fourth MeetUp and building on its success we’re really pleased that Swiss Re have offered to host our November event.  More details of that below along with the new member list and the usual recap of interesting articles lovingly curated on our Passle account. Do remember that we are present on various different media, and in particular please do follow us on Twitter where we (re)tweet all the interesting InsTech news we come across.  We are happy to include and promote your relevant articles so just forward the text or a link and we’ll do the rest. Thanks and speak soon, Paolo & Robin Upcoming events InsTech London MeetUp #5 – Tuesday November 17th, 17:30-19:30 – Swiss Re Offices, 30 St Mary Axe Many thanks to Swiss Re both for agreeing to host and for arranging some strong speakers.  We will also have updates and pitches from a range of InsTech members. RSVP via the MeetUp site – limited numbers / MeetUp members only Lloyd’s Innovation Session – Wednesday November 18th Lloyd’s is holding an innovation session looking at how the FinTech space is developing and the lessons for InsTech.  Details are being finalised and this may be an invite-only event.  If not, we’re share details; if yes we’re share the videos that come out of it. Bitcoin in Insurance – Dates TBC We are finalising the plans for one, and probably two, Bitcoin events in the coming months.  More information once we’ve agreed all the details. A review of past events is available on the MeetUp and WordPress sites New members in the last few weeks Will Thorne – Underwriter Tony – carrier and innovator Thomas Coles – Innovative software supplier Tangy Morgan – Currently I am on a contract project for a Silicon Valley tech company that has an insurance application. Simon Gaffney – Broker Sandesh Shetti – Consultant Robert Cordock – Consultant, Supplier Richard Smith – Innovator and consultant Phoebe Hugh – Innovator Paull – Supplier, consultant and innovator. We are applying fintech technologies to a wide range of industries, including regulated industries. We are applying blockchain technologies to non-vertual monetary applications. Nimish Telang – Innovator/engineer @ Guevara Nicholas Smalle – investor Michael Smolenski – Innovator Michael Riedler – Transition into new Ad-Ventures – former Portfolio manager looking to join a startup Matthew Wardle – Startup Markus Tradt – Insurance innovator Mark Pinkerton – Catastrophe modelling Malini Thakerar – Director of a digital insurance forum /content site Luisa Barile – Supplier Kiran J – Consultant Kim Nilsson – R&D Karan Thakur – Entrepreneur and Innovator based out of Vancouver, BC, Canada. Launching ProClaim Systems an automated claims loss evaluation service for insurance carriers. Justin – Supplier of Enterprise Exposure Management solutions Juan – Carrier Ieva Dapkeviciute – innovator Harsh Lath – Consultant Halima – consultant Gary Barber – Supplier Ferdibenn – Broker Fabian Flatz – researcher Etienne Pollard – Innovator Emma – Broker, innovator, disruptor, tech enthusiast, Millenial, young talent, future leader! Egbert van de coevering – disruptive entrepreneur Dominic Connor – Journalist/Politician David Lundholm – Broker, price comparison, investor Daniel – Insurance Recruitment for London and Lloyds. http://www.arthurfinancial.co.uk Chris Wessels – Innovator (Co-founder at Brolly) Cecilia Sevillano – Swiss Re Catherine Miller – I work for Matchi, we connect instech innovators with insurance companies Arno Schmitz-Urban – Investor Anuj Kumar – Consultant Anthony – Supplier Ani S Menon – I work as a Delivery Manager/Consulant for Hiscox Andy Tait – innovative carrier Anant – Consultant & Researcher Amy Walker – Insurance Innovator & Researcher Ameet Dave – Consultant Amaury de Closset – Innovator (currently in a FinTech startup) Alison Watson-Bird – consultant Alberto – Innovator Adam Stafford – Broker Articles The role of insurers in the VC space The post from Minh Tran of AXA Ventures looks at how an investment decision for AXA Ventures can be different than for another VC. While they far from exclusively invest in InsTech start-ups, they constantly see how the target company would…   Read more Wanted: More women in technology The below McKinsey interview with Reshma Saujani talks about steps being taken in the US to get girls interested in STEM fields with a hope that they pursue careers related to technology. If we then look at the strong discussions around the role…   Read more Insurance Tech Startups Are Invading the Multi-Trillion Dollar Insurance Industry A short but detailed piece with a lot of details of the investments in InsTech. US focused and “too much” healthcare (56%), but interesting none-the-less.  Read more Insurance and the Gig Economy This is a great article. The gig economy is rarely mentioned when discussing innovation in insurance. It exists though. It’s an extension of BPO and I’ve seen it in claims adjusting – WithYouIn5 – and reinsurance administration. Like Dave Ashton,…   Read more “Insurance is different”, it certainly will be Here is an article I wrote on the technology driven disruption that I believe is on the horizon for the insurance sector. I’d love to know what you think.   Read more InsuranceTech Innovation Challenge – Liberty Insurance The competition is organised by Liberty Insurance to find game-changing innovation. The key prize isaproof of concept with Liberty plus of course lots ofglobalbrandawareness and promotions if you get into the top 6 finalists. You can enter the…   Read more InsTech startup overview from Rob Moffat Rob Moffat, one of the clearest speaking commentators in the InsTech space, lays out what he, as a VC investor, is thinking about as he observes the (slowly) growing InsTech movement   Read more

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