FS Brew- Insurtech and insurance in the Middle East

Marsh Launches Coverpro.ae for UAE SMEs + Global Insurtech Funding Surges on AIIn this episode of FS Brew: News with Analysis, the hosts discuss Marsh UAE’s launch of CoverPro.ae, a new retail website aimed at small and medium enterprises, marking a shift toward digital-first distribution and raising questions about how Marsh will market to SMEs. They then review the Global Insurtech Funding Report (Be Insure), noting insurtech funding rose 19.5% year-on-year to $5.1B, driven largely by AI-focused startups, with an average deal size of $26M and AI liability/cyber deals highlighted. Examples include Paci’s $46M Series B and Corgi’s rapid back-to-back raises and valuation jump, plus a discussion on whether the Middle East could support an AI-native full-stack insurer. The episode also covers GCC insurance growth projections to 2030 and local product launches: Orient Insurance and Allianz Partners’ Sphera global health plan for expats, and Orient’s new war-risk solutions including political violence coverage.00:00 Welcome and Agenda00:11 Marsh UAE SME Portal01:33 How Marsh Will Market01:53 Insurtech Funding Rebounds03:07 Paci and Corgi Mega Rounds04:45 Corgi Growth and Culture05:58 Can GCC Build AI Insurers08:59 GCC Market Growth Outlook10:04 Orient Sphera Health Plan10:41 War Risk Add On Covers12:37 Wrap Up and SubscribeRenjit Philip:Consulting: https://linktr.ee/futureustrategygroup/Newsletter: ⁠⁠⁠https://www.onemorethinginai.com⁠⁠⁠Work: https://www.futureu.co⁠⁠⁠https://www.linkedin.com/in/renjit-philip⁠⁠⁠Vidya Veerapandian:⁠⁠⁠https://www.linkedin.com/in/vidya-veerapandian/⁠I’ve got a favour to ask! If you enjoy this conversation, please double check that you’ve liked the video and subscribed to the channel! That's a small way you can help us carry on doing this, really appreciate you!

Exploring InsurTech and Innovation with Sabine VanderLinden | FS Brew PodcastWelcome to the FS Brew Podcast, the UAE and Middle East's first podcast dedicated to all things insurance and InsurTech. In this episode, hosts Vidya, and Renjit are joined by Sabine VanderLinden, a renowned corporate strategist and current CEO of Alchemy Crew. Sabine shares her 25-year journey in the industry and discusses her work with Alchemy Crew, a venture lab focused on accelerating innovation in the insurance sector.The conversation dives deep into various topics including the evolution of InsurTech, the challenges of integrating startups into established insurers, and the role of AI in transforming the insurance industry. Sabine also touches upon the importance of planetary resilience in combating climate risk, the regulatory landscape, and how diversity and inclusivity can be fostered within the industry.For anyone interested in the future of insurance, InsurTech, and innovative business models, this episode is a must-watch. Tune in to gain insights from Sabine’s extensive experience and her vision for the future of the insurance industry.01:24 Sabine's Journey into Insurance03:36 The Evolution of Accelerators and Alchemy Crew05:34 Corporate-Startup Collaboration Models12:11 AI in Insurance: Opportunities and Challenges16:53 Challenges in Corporate-Startup Integration19:14 Evaluating Venture Performance23:18 Climate Risk and Future Scenarios24:09 Navigating Capitalism and Sustainability24:54 Building Planetary Resilience25:30 Challenges in the Insurance Industry27:20 Public-Private Partnerships in Insurance28:00 Personal Leadership Journey30:35 Regulatory Influence on InsureTech33:55 Diversity, Equity, and Inclusion in Insurance39:14 Future-Proofing Insurance40:31 Rapid Fire QuestionsRenjit Philip:Newsletter: ⁠⁠⁠https://www.onemorethinginai.com⁠⁠⁠Socials:Twitter / X: @renjitphilipLinkedIn: ⁠⁠⁠https://www.linkedin.com/in/renjit-philip⁠⁠⁠Vidya Veerapandian:⁠⁠⁠https://www.linkedin.com/in/vidya-veerapandian/⁠I’ve got a favour to ask! If you enjoy this conversation, please double check that you’ve liked the video and subscribed to the channel! That's a small way you can help us carry on doing this, really appreciate you!

Welcome to FS Brew, the UAE and Middle East’s first podcast dedicated to insurance and InsureTech. In this episode, hosts Renjit Philip, a boutique consulting firm partner, and Vidya Veerapandian, founder of Forward, engage in a riveting conversation with Mr. Fareed Lutfi, the legendary Secretary General of the Emirates Insurance Association and Gulf Insurance Federation.With over 40 years of industry experience, Mr. Fareed Lutfi shares his journey into insurance, the pivotal roles of industry federations, and the future of insurance amidst digital transformation and AI integration. Gain insights on the critical challenges and potential growth areas in the GCC insurance market, and explore Mr. Fareed Lutfi’s vision for youth engagement and technological advancements in the insurance landscape. Don’t miss this comprehensive discussion packed with valuable lessons, industry trends, and inspiring stories from a true insurance veteran. Tune in now!Timestamps:00:00 Welcome to FS Brew: Introduction and Hosts00:32 Meet the Insurance Legend: Mr. Fareed Lutfi01:21 Mr. Fareed Lutfi’s Journey into Insurance03:29 Role and Responsibilities of Insurance Federations07:07 Current Challenges in the Insurance Sector08:35 Opportunities and Growth Areas in Insurance12:24 The Impact of Technology on Insurance15:04 The Human Element in Insurance16:08 The Need for Regulatory Changes and Training18:09 Future of InsureTech and Industry Insights18:40 The Cost of Life Insurance Policies19:05 Regulatory Changes in the Insurance Industry20:13 Transparency and Open Finance21:55 Broker Regulations and Industry Adaptation22:18 Attracting Young Talent to Insurance25:33 The Historical Roots of Life Insurance28:01 Rapid Fire Questions with Mr. Fareed Lutfi33:17 Concluding Thoughts and ReflectionsRenjit Philip:Newsletter: ⁠⁠⁠https://www.onemorethinginai.com⁠⁠⁠Socials:Twitter / X: @renjitphilipLinkedIn: ⁠⁠⁠https://www.linkedin.com/in/renjit-philip⁠⁠⁠Vidya Veerapandian:⁠⁠⁠https://www.linkedin.com/in/vidya-veerapandian/⁠I’ve got a favour to ask! If you enjoy this conversation, please double check that you’ve liked the video and subscribed to the channel! That's a small way you can help us carry on doing this, really appreciate you!

Insurtech Innovation & Collaboration: Insights from VC Expert Minh Q. TranWelcome to FSBrew, the Middle East's premiere podcast on insurance and insurtech. In this episode, hosts Vidya and Ranjit Phillip speak with Minh Q. Tran, a seasoned venture capitalist with over 25 years of experience in tech and finance, particularly focusing on Insurtech, FinTech, and PropTech. Minh leads Mandalore Partners which specializes in corporate venture capital as a service, helping insurance companies strategically invest in innovative startups.The discussion delves into multiple topics around startup funding and collaboration within the insurance industry, emphasizing the importance of revenue generation, market fit, product competitiveness, business model, and team expertise. Insights on the dichotomy between disruptive and collaborative startups, adoption of AI, and the evolving landscape of Insurtech form key parts of the conversation. Minh shares his views on the emerging trends in Insurtech, the hurdles imposed by regulatory challenges, and specific collaboration models that have found success. He also highlights reinsurance opportunities in the Middle East and explains how startups can better navigate local regulations for expansion.In the rapid-fire round, Minh talks about the impact of blockchain technology, his investment strategies, and valuable advice for aspiring Insurtech entrepreneurs. Don't miss out on hearing about Minh's proudest investments and the critical traits he looks for in a founding team.Tune in for a comprehensive and enlightening discussion packed with actionable insights ideal for Insurtech enthusiasts, entrepreneurs, and industry professionals!00:00 The Importance of Revenue in Startups00:43 Introduction to Fsdru Podcast01:06 Guest Introduction: 02:50 Understanding Corporate Venture Capital as a Service06:49 Challenges and Benefits of Internal CVCs10:58 The Role of AI in Insurance13:31 Evaluating Insurtech Startups16:49 Investment Strategies and Regional Focus20:36 The Importance of Collaboration in Insurtech21:29 Navigating Regulatory Challenges in Europe23:37 Scaling Strategies for Insurtech Startups26:37 Insights on Investment and Innovation30:13 Rapid Fire: Quick Insights and Advice#vc #insurance #insurtech #europe #corporateRenjit Philip:Newsletter: ⁠⁠⁠https://www.onemorethinginai.com⁠⁠⁠Socials:Twitter / X: @renjitphilipLinkedIn: ⁠⁠⁠https://www.linkedin.com/in/renjit-philip⁠⁠⁠Vidya Veerapandian:⁠⁠⁠https://www.linkedin.com/in/vidya-veerapandian/⁠

In this episode of F S Brew, Vidya and Renjit interview Hasham Piperdy, GM of KSA and Director at Badri Consultancy, discussing the remarkable growth in the KSA insurance market. Hasham shares insights into the factors driving this growth, from an industry valuation of around 36-37 billion in 2020 to a staggering 64 billion last year. This includes the role of regulatory changes, successful campaigns to insure more drivers, and the potential of renewable energy projects. The conversation also covers the impact of advanced data collection methods, climate risks, and future market opportunities. Join us as we delve into the dynamics shaping the KSA insurance landscape. 00:00 Introduction to FSBrew and Hosts 00:32 Guest Introduction: Hasham Pippurdi 00:54 Role and Journey at Badri Consultancy 02:25 Growth and Profitability in KSA Insurance Market 07:02 Impact of Regulatory Changes and Data on Underwriting 11:19 Market Share and Investment Income 17:01 Climate Risk and Natural Catastrophes 19:33 Regulatory Innovations and Centralized Systems 24:27 Pricing Trends and Future Prospects 30:24 The Impact of IFRS 17 on Loss Visibility 32:20 Saudi Arabia's Non-Motor Insurance Market 36:53 The Rise of Insurtech in Saudi Arabia 41:54 Addressing Climate Risks in Saudi Insurance 48:51 Challenges for Smaller Insurers in Saudi Arabia 54:24 Rapid Fire: Insights and Reflections Renjit Philip: Newsletter: ⁠⁠⁠https://www.onemorethinginai.com⁠⁠⁠ Socials: Twitter / X: @renjitphilip LinkedIn: ⁠⁠⁠https://www.linkedin.com/in/renjit-philip⁠⁠⁠ Vidya Veerapandian: ⁠⁠⁠https://www.linkedin.com/in/vidya-veerapandian/⁠

In this episode of FS Brew, we sit down with Gabriel Lazaro, EVP at Chubb Overseas General, overseeing APAC, EMEA, and LATAM regions. Gabriel shares his journey into the insurance industry, the role of Chubb Studio in the group's strategy, and the evolving insurtech landscape. We cover diverse topics, including: - Gabriel’s transition from marketing to insurance - The role of Chubb Studio in embedded insurance and partnerships with insurtechs - How embedded insurance is gaining traction in banks & fintechs across regions - Innovative insurance solutions for e-commerce - Leadership evolution and navigating challenges at Chubb Plus, Gabriel shares personal insights on managing adversity, career lessons, and future goals for Chubb Studio. Rapid Fire Round: Gabriel answers quick questions on leadership, favorite travel spots, tech innovations, and more! 🎙 Don't miss out on an engaging discussion packed with insights for leaders in digital insurance and insurtech. Renjit Philip: Newsletter: ⁠⁠⁠https://www.onemorethinginai.com⁠⁠⁠ Socials: Twitter / X: @renjitphilip LinkedIn: ⁠⁠⁠https://www.linkedin.com/in/renjit-philip⁠⁠⁠ Vidya Veerapandian: ⁠⁠⁠https://www.linkedin.com/in/vidya-veerapandian/⁠ #Insurance #Insurtech #DigitalBusiness #Chubb #EmbeddedInsurance #Leadership #FSBrew 🎧 Tune in for more!