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/