Simon Lewis & Matt Greaves: Atrium Underwriters: Underwriting and innovation where it counts (159)

Atrium Underwriters has been operating in the London market for almost 100 years and has established itself as one of the most forward-thinking insurers when it comes to innovation and new technology.

Underwriters Simon Lewis and Matt Greaves join Matthew on Podcast 159 to discuss where that drive for innovation comes from.

The conversation covers how Atrium assesses ideas and products for new opportunities like crypto, using technology to speed up claims and reduce costs, and how it supports start-ups through the Lloyd’s Lab and Product Innovation Facility (PIF) at Lloyds. 

Talking points include:

• Aligning innovation with day-to-day underwriting
• Building an innovation culture
• Assessing viability and accepting “fast fails”
• Using natural language processing (NLP) to review claims
• Collating location data for catastrophe risk underwriting

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Continuing Professional Development - Learning Objectives

InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme.

The Learning Objectives for this podcast are:

• Understand some of the opportunities that innovation can bring for insurers
• Recognise how insurers are supporting start-ups and the potential costs and benefits
• Compare some current forms of innovation and the impact they are having on the underwriting process

If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 159 page of the InsTech London website or email cpd@instech.london 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.