April 6, 2021

Ep 74 Matthew Wilson Group CEO Brit: Pretending Brit didn’t exist

Today’s guest is an example to those of us who feel we ought to change with the times but might not feel we are fully equipped to do so.

Matthew Wilson is the Group CEO of Brit and is a Lloyd’s man through and through.

He has spent most of his career going about his business in the same analogue way that most of us are familiar with.

Yet he has embarked on a transformation programme at Brit to overhaul everything it does in readiness for a digital future.

A three-year migration of systems to the cloud is just coming to fruition and last year’s pioneering launch of Ki, Brit’s algorithmically driven follow syndicate, is still being digested by the market.

In this podcast we focus on how Brit and Lloyd’s can embrace a digital future and reap expense savings, productivity gains and huge business benefits if it can turn its analogue platform into a digital one.

Whilst the technical challenges are never to be underestimated, this discussion shows that the greatest hurdles are far more likely to be self-imposed cultural ones.

From this encounter it becomes clear that only until we can learn to accept change can we innovate successfully.

I would venture that if Matthew can do it, so can the rest of the market.

So I highly recommend this one to anyone looking for pointers on where to start and how to begin embracing the insurance market of the future.

Enjoy the Podcast.

NOTES:
The iMRC acronym Matthew mentions stands for the Intelligent Market Reform Contract and is part of the Lloyd’s Blueprint 2 programme.

LINKS:
We thank our naming sponsor AdvantageGo - enabling an enterprise view of exposure:
https://www.advantagego.com/

We also thank Claims Direct Access (CDA) and Free Partners for their support today:
https://www.claimsdirectaccess.com/
https://freepartners.com/

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