Every company is an insurance company. An exposure, which is quantifiable, is a "risk" to a company. A risk which isn't transferred to a 3rd party (insurance co or otherwise) implies self-insurance. Few co's can access the same tools that insurance co's can.. [1/2] #insurtech

"Why can't you invest directly into a portfolio of insurance risks via a stock exchange?" - Dr Pollock, May 2019. A thread (1/n) (a) Qualified investors can today (eg MiCRIX) albeit fully collateralized and carved out risks But, so can you 🤔 #insurtech #insurance

Reflecting on 2 months of progress on @Backstop_Insure (a) Problem-Value fit ✅ (b) MUCH more articulate regarding the marketplace problem we're solving (c) Alpha version of product ✅ (d) Spoken to initial customers ✅ Capital markets will eat #insurance #insurtech

At @Backstop_Insure, we believe that day will be soon! 🙏 We're hoping to speak to reinsurance Co's, underwriters & others in the motor #insurance space. Cc @edleonklinger @nigelwalsh @InsuranceEleph1 @Karunk @Anup @JamesJWYork @Nick_Lamparelli @james_downes @alan_hickman

👋#insurtech folks 😊Would really appreciate your help regarding this survey on policyholder data transfer in #insurance CC: @nigelwalsh @k_feldborg @richardphipps7 @Anup @Broker_Brett @Nick_Lamparelli @hedgequote @robgalb @InsuranceEleph1 @RobWhite_UK @FGraillot

Super fun day hacking a smart application of secure multiparty computation for motor #insurance risk pricing at @Backstop_Insure 🛠️ Baby steps towards progress 😅 PS - if you've built motor burn cost models, we'd love to chat (Cc @bymiles, @cuvva, @getmarshmallow) #Insurtech

Good read from @Google on federated learning. The Federated Averaging protocol suggests a framework to maintain differential privacy of individual #insurance P/H data whilst letting underwriters extract portfolio statistics. #insurtech (@Backstop_Insure) ai.googleblog.com/2017/04/fe…

Reviewing literature on encrypted statistics prior to a meeting for @Backstop_Insure tomorrow So much to test and deploy into the #insurance industry over this decade especially in the capital allocation and risk management space. Fun times ahead with the team #Insurtech

Pause whatever you're doing for 5 minutes. This is BIG for (Re) #insurance, @Aon_plc will acquire (my previous employer) @WTWrisk in an all stock deal - $30bn - combined entity worth $80bn Reporting from @oliver_ralph 👇 ft.com/content/dafe0116-61f8…

Today was heavy day of work at @Backstop_Insure (a) Lots of brainstorming on: - Learning objectives for an MVP - Whom to approach for a PoC and why (b) Updating our (product) master deck The grind is real but I haven't had this much fun in years! #insurtech #insurance

This is one for #Insurtech startups to consider as well - counterparty risk in underwriting capacity; expand your #insurance panel ASAP to avoid being axed. PhonePe and Chime are good enough evidence & UK InsurTech that got dropped by someone 😉 Come speak to @Backstop_Insure

"Banks work with us because we originate assets they cannot" - Sme corner CEO on their recent raise. Replace bank w/reinsurer for @Backstop_Insure's model. Thank you @chrisc99 & @richardphipps7 for the sounding board to crystallise this #Insurtech youtu.be/3osy4Uf_rGg

Why isn't anyone taking an asset management approach to #insurance at risk origination? 🤔 Reinsurance, 3rd party capital and #insurtech integrated via APIs can outperform any other insurance arrangement More from @Backstop_Insure in Q3 FY 21.

Appreciation tweet for the fantastic community that @MerttsR, @MatthewJGGrant & @pgc_at_work have put together at @InsTech_London - Support all the way thru the past 8 months in London - Open feedback, offers for help and guidance on @Backstop_Insure Blessed to be a part of this

Great to speak with @GoncaloTV, co-founder of Syndicate Room at @InsTech_London He's founding his own #Insurtech venture and Ed & I shilled @Backstop_Insure as the Funding Circle for #insurance risk capital Got some great feedback on communication!

"@Twitter & @LinkedIn are not good platforms." - okay, well counter evidence from me - 22 year old just pitched @Backstop_Insure to a leading #insurance focused CVC Every coin has two sides, same with every platform. If you extract the positives, you will reap the positives

*Ahem* the great rebundling is coming to #Insurtech, @alan_hickman. All you need is someone who knows the players, the game and has U/W acapital + liscence @Backstop_Insure v2.0 👀 v1.0 needs to sort capital markets side of #insurance, and, we've got some "magic" 🤯

Here's my deep dive on @AckoInsurance 👇 - $46.5M annualized GWP for CY 2019 - 268,000 policies sold in Q3 '19 - Diversified GI book for an #insurtech Motor OD & TP = 55.2%, Health & PL #insurance = 44.8% Full report here 👇 linkedin.com/posts/rahul-jai…

Blown away by the support for @Backstop_Insure over the past 6 weeks - #insurtech founders giving their time for interviews and providing feedback on business model/viability/MVP - Prospective Angels taking time to review decks, bounce ideas and dive into roadmap