FS Brew- Insurtech and insurance in the Middle East By cover art

FS Brew- Insurtech and insurance in the Middle East

By: Renjit Philip and Vidya Veerapandian
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  • Summary

  • Welcome to FS Brew! FS Brew is the region’s first podcast focussing on insurance and insurtech in the UAE and the broader Middle East. We are based in the startup magnet, a city of dreamers and visionaries- Dubai! In every episode, the hosts, Vidya Veerapandian and Renjit Philip, have in-depth conversations with industry experts on insurtech, insurance, venture capital, digital transformation, actuarial science, and many other topics. Renjit Philip: www.linkedin.com/in/renjit-philip⁠ www.onemorethinginai.com Vidya Veerapandian: www.linkedin.com/in/vidya-veerapandian/⁠
    Renjit Philip and Vidya Veerapandian
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Episodes
  • 46: 🚀 Dive into embedded insurance with Arijit Chakraborty, Managing Director APAC at CoverGenius

    46: 🚀 Dive into embedded insurance with Arijit Chakraborty, Managing Director APAC at CoverGenius
    Apr 25 2024
    In this insightful episode of FS Brew, Arijit shares his diverse experience spanning from being a corporate lawyer to leading InsurTech ventures. Discover: ✅ The story behind CoverGenius' cutting-edge embedded insurance solutions for digital giants like Booking.com, eBay, and Shopee. ✅ How CoverGenius leverages AI, NLP, and data science to revolutionize pricing, product innovation, and claims processing. ✅ Arijit's leadership lessons and advice for insurance professionals aspiring to thrive in the InsurTech space. ✅ The future of embedded insurance and the exciting possibilities of IoT-powered, usage-based insurance models. ✅ Rapid-fire insights on work-life balance, inspiring leaders, and Arijit's favorite city to travel. Join us for an engaging conversation that explores the intersection of insurance, technology, and entrepreneurship. Like, subscribe, and share your thoughts! @covergenius #InsurTech #EmbeddedInsurance #CoverGenius #Innovation #Leadership --- Send in a voice message: https://podcasters.spotify.com/pod/show/fsbrew/message
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    48 mins
  • 45: Cracking the UAE Insurance code: Regulations, Open Finance & The Road Ahead

    45: Cracking the UAE Insurance code: Regulations, Open Finance & The Road Ahead
    Apr 23 2024
    In this in-depth podcast interview, insurance legal expert Anand Singh from Al Tamimi & Co. discusses the major new insurance regulations introduced in the UAE in 2023. He provides insights into the context, impacts and implications for insurers, brokers and the overall insurance ecosystem. Key Topics: 1. The 2023 UAE insurance regulations cover basic governance, risk management, business planning, ombudsman - areas where 60% of the market may not be fully compliant currently. 2. Upcoming Open Finance regulations could drive digitalization and integration of insurers' systems, increasing data sharing and enabling new product innovation. 3. New rules enhance protection of policyholders' medical data and require robust cybersecurity measures from insurers. 4. Higher capital requirements for branches (previously only subsidiaries) and potential licensing changes could drive market consolidation. 5. Reversal of COVID-era 50% motor insurance premium discounts has improved profitability after initial pricing competition. 6. For insurtechs, the choice of mainland vs free zone depends on B2B vs B2C model and brand-building plans. 7. Ombudsman regulation for consumer disputes could be a game-changer for policyholder protection. 8. Premium collection remains a major challenge, with insurers sometimes forced to deduct premiums from claims paid. 9. Regulatory reforms like advance premium collection could catalyze market growth. 10. Open Finance is seen as the most exciting potential innovation for increasing insurance awareness and penetration. 0:00 Intro 2:28 Overview of 2023 UAE insurance regulatory changes 4:13 Rationale behind basic governance, risk management rules 6:59 Potential impacts of upcoming Open Finance regulations 12:09 Regulations on medical insurance data protection & cybersecurity 15:19 New capital and licensing requirements 19:34 Reversal of COVID-era 50% motor insurance discount 22:47 Considerations for insurtech startups: mainland vs free zone 28:31 Policyholder protection and ombudsman regulations 31:29 Premium collection challenges & wishlist for regulatory reforms 36:39 Most exciting innovation: Open Finance 38:20 Rapid fire Q&A 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/⁠ #InsuranceLaw #UAERegulations #Insurtech #OpenFinance #Ombudsman #DataProtection #CapitalRequirements #Startups #LegalInsights --- Send in a voice message: https://podcasters.spotify.com/pod/show/fsbrew/message
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    37 mins
  • 44: Interview with Renee McGowan: CEO, Marsh India, Middle East & Africa

    44: Interview with Renee McGowan: CEO, Marsh India, Middle East & Africa
    Apr 20 2024
    🔥 Insider Insights: Marsh McLennan CEO Unfiltered 🔥 Renée McGowan, CEO of Marsh McLennan for the Middle East, India & Africa, gets candid about leadership, Gen AI's impact on insurance, and tackling climate risks. 🌟 Highlights Include: - Her transparent leadership style that empowers teams - How their innovative 'Len AI' is transforming client solutions - Navigating the diverse regulatory landscapes across regions - The biggest risks facing the world according to their Global Risk Report - An exclusive sneak peek into her new book "The Friday Email" Don't miss this power-packed episode as the insurance titan shares her inspiring journey, struggles, and vision for the future of risk advisory. Subscribe now for more industry game-changers! Renjit Philip: Newsletter: ⁠⁠⁠https://www.onemorethinginai.com⁠⁠⁠ (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/⁠ --- Send in a voice message: https://podcasters.spotify.com/pod/show/fsbrew/message
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    43 mins
Management Economics
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