Whilst some organisations may look elsewhere to blame for the increasing costs of placing insurance in London, Brit has decide to strike out and show what digital means for an established company with the launch of Ki, it's algorithmic syndicate.
In this episode, Matthew Grant talks to Mark Allan CFO of Brit, and James Birch, head of innovation to learn about the motivation for launching this new initiative, how it will work and why they chose to partner with Google Cloud and University College London.
Topics covered included:
- What is a lead-follow syndicate?
- How will Ki select what it wants to underwrite?
- Is the algorithm smart enough to admit when it doesn't know the answer?
- What is the human oversight? Is an active underwriter required?
- What does it say for the future of Insurtech that Brit went with two large, established organizations, rather than a start-up or a scale-up?
- What does Lloyd's think about this?
- What and why is Ki "anywhere, anytime
More information on Ki here - https://www.ki-insurance.com
Comment directly on the podcast or contact Matthew Grant on Linkedin here
A summary and transcript of this discussion is available on request
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