Episode description
In the latest episode of the Leadership in Insurance podcast
I was lucky to be joined by Paul Prendergast. Paul is the CEO and founder of Blink Parametric.
Blink is a delivery platform that allows insurance industry partners to create parametric solutions.
In this wide-reaching conversation we talked about:
- Why Blink runs towards the "fires" solving solutions
- How parametric solutions reduce the unit cost of insurance
- Embracing technology to give greater visibility of risk
- How starting with the end customer can be the wrong approach - blink start with the underwriter
- Insurance as a social good - we sometimes forget that
- Why the MVP (minimum viable product) cant work in the insurance space
- All businesses as technology companies
- Despite frustration with the speed of change, there is a huge passion, intellectual capacity, and scale in the insurance industry
- The secret sauce in startups - complimentary teams - Tech is key but it must have sales
- Why sales is such a dirty word in the technology space
- How attitudes of successful Instech startups in 2021 are different to 5 years ago - less adversarial Impact of social media on insurance
- Insurance is cool - Insuring Elon Musks' rocket!
- New entrants to insurance don't grow the market unless they solve a new problem or offer a different solution Innovation is about culture, not projects and process
- How the size of the team impacts innovation
- What's to stop insurers from being the AWS of insurance platforms
- Technology first - how incumbents are held back by required regulatory technology changes
- Innovation in insurance comes from unexpected places
and so much more.
Thanks to Paul for being a great guest - I probably had 4 people tell me I had to Paul on the podcast as he is a true innovator and forward-thinking tech and insurance entrepreneur and he didn't disappoint.
This podcast was brought to you by FinPro an executive recruitment business that works in the Insurance and Instech space
Our host is FinPro Director, Alex Bond
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