The LiiP S1, E13: Paul Prendergast, CEO & Founder, Blink Parametric
In the latest episode of the Leadership in Insurance podcast
Blink is a delivery platform that allows insurance industry partners to create parametric solutions.
In this wide-reaching conversation we talked about:
Why Blink runs towards the "fires" solving solutions
How parametric solutions reduce the unit cost of insurance
Embracing technology to give greater visibility of risk
How starting with the end customer can be the wrong approach - blink start with the underwriter
Insurance as a social good - we sometimes forget that
Why the MVP (minimum viable product) cant work in the insurance space
All businesses as technology companies
Despite frustration with the speed of change, there is a huge passion, intellectual capacity, and scale in the insurance industry
The secret sauce in startups - complimentary teams - Tech is key but it must have sales
Why sales is such a dirty word in the technology space
How attitudes of successful Instech startups in 2021 are different to 5 years ago - less adversarial Impact of social media on insurance
Insurance is cool - Insuring Elon Musks' rocket!
New entrants to insurance don't grow the market unless they solve a new problem or offer a different solution Innovation is about culture, not projects and process
How the size of the team impacts innovation
What's to stop insurers from being the AWS of insurance platforms
Technology first - how incumbents are held back by required regulatory technology changes
Innovation in insurance comes from unexpected places
and so much more.
Thanks to Paul for being a great guest - I probably had 4 people tell me I had to Paul on the podcast as he is a true innovator and forward-thinking tech and insurance entrepreneur and he didn't disappoint.
This podcast was brought to you by FinPro an executive recruitment business that works in the Insurance and Instech space
Our host is FinPro Director, Alex Bond
Please like and subscribe if you enjoyed this podcast