Gethin Jones, Skyline Partners & Calum Williams, AEGIS London: The parametric platform delivering new insurance solutions (146)
InsTech London - insurance & innovation with Matthew Grant
Skyline Partners and AEGIS London have launched a new parametric product to provide US small and medium business owners with cover in the event of a shooting. The Active Assailant policy uses police department data to define when an event has taken place, triggering a non-damage business interruption cover payment of up to $50,000. An initial launch is taking place in Dallas, Texas with the aim of scaling the policy out to other states across the US. Skyline Partners Co-founder Gethin Jones and Calum Williams from AEGIS London join Matthew to discuss the product’s development and how parametric insurance can help fill the protection gap left by traditional policies. Talking points include: How insurers can work with tech companies Using data to create parametric triggers Selling insurance products through a broker network Launching and scaling a business Skyline’s experience of working in the Lloyd’s Lab Skyline Partners is featured in our ‘Parametric insurance: 2021 outlook and the companies to watch’ report, which is available to download from our website and free for InsTech London members. More information on the Active Assailant insurance product is available on the AEGIS London website. If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn. Sign up to the InsTech London newsletter for a fresh view on the world every Wednesday morning. 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 what parametric insurance is Recognise why an active assailant product was developed and how it is offered Realise some of the legal and regulatory hurdles that parametric insurance can encounter 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 146 page of the InsTech London website or email email@example.com 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.