Finding a new area of risk to model is a great way to get attention as an insurtech start-up, particularly when the founders have a deep history in insurance, analytics and technology.
In this episode Matthew talks to the founders of Describe Data - Michael Crawford, Gerard de Vere and Mick Cooney about their experience of being on the Lloyd's Lab cohort 2. After day two Michael already realised that "it was going to be amazing". When we spoke they were coming up to the end of their time in the lab and they weren't disappointed by what they had been through.
They built a prototype in 3 weeks for a product to help underwriters assess their D & O (Directors' and Officers' liability) risk. During their time at the lab they had 10 - 15 companies from Lloyd's engaging with them and finish the cohort with a strong pipeline of opportunities.
The Describe Data team are usually based in Dublin, but travel to London frequently. Gerald De Vere is a founder member of Insurtech Ireland, which like InsTech London is a member of the Global InsurTech Alliance (GITA).
More information on our events and everything else we are up to at InsTech London at www.instech.london
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Partners’ Chat - Storm clouds and silver linings (280)
Bas de Goei, Director of Growth Marketing: Instabase: The AI application platform for unstructured data (279)
James Gillespie & Grant Dewar: Aon Strategy and Technology Group: Progress, Partners, Plans and Prog Rock (278)
Beyond the headlines: revealing the stories behind the insurance news (277)
Salman Siddiqui, Moody’s Analytics & Adhiraj Maitra, Canopius: State of the Market 2023: Incorporating ESG into P&C underwriting (276)
Jacques Bosch & Piro Vorster: Inversion: Co-founder stories - winning despite the challenges (275)
Sid Jha, Founder & CEO: Arbol: Managing climate risks - parametric and beyond (274)
Mark Varley, Founder and CEO: Addresscloud: Helping insurers understand geographic risk (273)
Kristofer le Sage de Fontenay, Insurance Leader UK: Capgemini: Solving client pain points with the power of digital (272)
Jason Liu, CEO: Zywave: Focus on the customer front-end (271)
Liselotte Munk, CEO: Fadata: A rare chat with a female CEO in insurance technology (270)
Jakub Dryjas: CEO, Tensorflight: Connected property data (269)
Jonathan Gonzalez: Co-founder & CEO, Raincoat: Enabling parametric protection that scales (268)
Sam Taylor & Paul Merrey: KPMG: Generative AI - the insurer’s guide (267)
Anthony Joseph & Andrew Caswell: PwC: Faster and better decision making - scaling up specialty insurance (266)
Gavin Spencer: Chief Insurance Officer, Parsyl: Insuring perishables - bridging the data divide (265)
Richard Garry: CCO, Gamma Location Intelligence: Managing climate risk at home (264)
Amrit Santhirasenan: Co-founder & CEO, hyperexponential: Pricing decision intelligence for insurers (263)
David King, Artificial Labs & James Slaughter, Apollo Underwriting: Augmented underwriting technology with human expertise (262)
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