Ep236 Andrew Matson Augment Risk: Ten times the value, not ten points off

Today’s guest is a rare breed of broker looking to build a
sophisticated new intermediary operating at the higher end of the
market.


In the past two years the business he leads has gone from a
standing start to handling around $1.6bn in premiums.


Andrew Matson and Augment Risk have done this by being very
targeted and very progressive, breaking insurance and reinsurance
down to its core element – capital.


At a fundamental level insurance is a tool for capital protection
and capital management. If designed and executed well this is a
tool that produces better outcomes for clients and these benefits
are ultimately measurable in improved return on equity.


Of course, what I have just described is about as far removed
from the traditional broker model as it is possible to be.


This model might not be for everyone, but that is beside the
point. Augment is already demonstrating that there is an eager
community of sophisticated global buyers keen to discover what a
holistic client- and capital-focused broker might be able to do
for them.


And that’s what makes this encounter so interesting. Andrew has a
singular vision for what he wants to achieve and after this
podcast you’ll be in on the act too.


But we don’t just talk about Augment’s plans: legacy, parametric
insurance, the future of insurance securitisation and the
long-term effects of the digitisation of the insurance value
chain are all examined in depth.


Andrew is ultra-smart and highly passionate and his ambition
sears through this episode.


For anyone disillusioned with siloed, product-focused and
constrained broking, here is someone with a genuinely attractive
and genuinely original proposition to put to you. LINKS: We thank
our naming sponsor AdvantageGo: https://www.advantagego.com
We also thank audio advertiser, The Insurance Network
(TIN), organiser of the highly-successful TINtech events
series. This week they are advertising their
successful TINtech London Market event, which will be
happening on 4th February 2025.