Parametric insurance has existed for over 20 years, but its use has grown recently due to new technologies and data sources. In 2023, parametric solutions are being used by insurers, businesses and individuals to manage weather, catastrophe, cyber, business interruption and a range of other risks. Matthew Grant and Henry Gale will provide an update on the latest product innovations in parametric insurance, the companies to watch and key market trends.
Matthew Grant has been building and advising companies on the innovative use of technology, data and analytics for over 30 years. With a degree in Mechanical Engineering, Matthew has been involved in the entire cycle of risk management, insurance and capital management. He was responsible for launching catastrophe modelling into Europe in 1992 and was on the Executive team of Risk Management Solutions (RMS) for 8 years. Over his career at RMS from 1996 to 2016 his roles included running global sales and marketing, leading the product team and developing emerging market solutions including catastrophe bonds and parametric products.
Matthew joined InsTech in 2016 and is the CEO and co-owner. InsTech currently works with over 170 companies in insurance and technology that are supporting innovation and the InsTech team provide advice, events, content and introductions. InsTech engaged with over 100,000 people around the world in 2023.
Matthew hosts the weekly InsTech podcasts, writes regularly on the topics and themes of relevance to insurance and risk management and parametric insurance is a major theme at this time. Matthew speaks frequently at InsTech events and other industry conferences. Matthew is an angel investor in UK based technology companies supporting insurance and financial services.
Henry Gale leads InsTech's research on parametric insurance and contributes to research in other areas of insurance innovation. Henry edits the Parametric Post newsletter and has been the lead writer for InsTech's latest industry reports on parametric insurance and data process automation in insurance. He is an occasional host on InsTech's podcasts and events.
Wednesday, 24 May 2023
11:00 - 11:45 BST
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