TECH CHAMPION

This award recognises an outstanding individual who has made a difference to the UK insurance industry, their customers, or the organisation they work for. The shortlist was selected by the Insurance Times’ editorial team, but the final decision rests with the UK Insurance industry. Voting* is open until 5pm on Friday 27th August and the winner will be revealed at the Awards Ceremony on Wednesday 3rd November.

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*Votes from personal email addresses or from the nominee’s own company won’t be counted towards the final tally.

Mike Brockman, CEO, ThingCo

Mike Brockman, CEO, ThingCo

Mike is one of the world’s experts in motor insurance with his experience spanning over 4 decades. His vision has always been to positively change the motor insurance market while using telematics to drive down the ever-rising cost in premiums. His passion is to educate everyone on safer driving by using telematics and to reward these driving behaviours making our roads a safer place.

Mike was previously the CEO, and founder, of Insure the Box which launched in 2009, quickly becoming a pioneer of telematics based motor insurance. Now owned by the MS&AD Group, Insure the Box has sold more than 1 million polices. Mike co-founded his first company EMB in 1993 which went on to become the largest firm of non-life actuarial consultants in the UK. EMB employed more the 300 people in 11 countries. EMB was highly regarded and was awarded the Queen’s Award for Enterprise twice, first in 2003 for Innovation and then in 2007 for International Trade. The company was sold to Towers Watson in 2011.

Mike is now CEO of ThingCo, a Next Generation Telematics Service Provider which has been named a Insurtech 100 business. ThingCo has developed a low-cost, solar powered, AI and Voice enabled, self-fit telematics device that delivers second-by-second driving data unmatched by any other aftermarket device, enabling insurance providers to cut fraud; reduce claims losses; support drivers from collision to claim settlement and attract new business through a telematics proposition that does more than just price insurance.

In just 11 months since launch, ThingCo has secured 11 broker partners including one of the UK’s leading telematics insurance brokers and secured £3m investment from BHL(UK) Holdings, the majority owner of CompareTheMarket, all achieved through the Covid-19 period.

Peter Clarke, Founder and Managing Director, Insurercore

Peter Clarke, Founder and Managing Director, Insurercore

Peter started his career in insurance at 16 scanning in files for a local MGA. 10 years later in 2017, having cut his teeth as an underwriter in London Market, Peter saw a gap in the market to use technology to bring the market closer together and create a dynamic online marketplace that was focused around people and relationships. So, he quit his job, and invested his life savings into building Insurercore.

In 2019 Insurercore was selected to be part of the first ever cohort of the Lloyd’s Lab and was then the only Insurtech to be referenced in BIBA’s 2020 manifesto as their partner to help brokers navigate the hard market. BIBA then chose Insurercore as their partner to act as a matchmaking platform for their members, allowing them to search for and better understand the technologies that were available to them.

Once Covid hit and the lockdowns were in place, Insurercore became an invaluable tool for the market to find new contacts and develop relationships. To date, insurercore has just under 2000 UK insurance firms registered on the platform, listing over 700 insurance products across 18 classes of business.

Peter has been the driving force behind promoting better online communication and networking between brokers and underwriters. To date the platform has helped brokers find capacity for over 300 risks that have gone through to placement.

Peter is also on the CII Young members committee and acts to educate young members of the market on available and upcoming technologies.

Nick Reid, Transformation Programme Director, Kingfisher Insurance

Nick Reid, Transformation Programme Director, Kingfisher Insurance

Nick Reid joined Kingfisher Insurance in Nov 2019 as Transformation Programme Director, with a passion to drive business change and growth by simplifying operating processes, providing uniformity, and introducing new data capabilities.

At the peak of the Covid outbreak in 2020, Nick undertook a piece of R&D work with a new smart phone App partner. His aim was to optimise the collection of vital driver information at policy inception and to improve the customer journey for our telematics product. Despite the new communication challenges due to the Covid outbreak, implementation was swift – taking only 6 weeks from conception to launch.

The new app moved Kingfisher from a telephone-only customer communication strategy to something more akin to an omnichannel approach, empowering customers to self-serve via the app to upload documentation and pictures, following the app’s carefully constructed advice and camera templates.

This new solution was a game-changer for Kingfisher. As well as polishing the customer experience, Kingfisher’s new app supported staff too by making validation processes easier, particularly whilst working from home. It immediately drove significant operational efficiency, moving information collection cycle times from 10+ days to under 5 days.

For Nick, the new App product helped to deliver his mantra for transformation: that it should be easy to be a customer and easy to be a colleague.

Simon Ritterband, Managing Director, Moonrock

Simon Ritterband, Managing Director, Moonrock Drone Insurance

Upon qualifying to be a registered UAV Pilot, our CEO Simon Ritterband sought to obtain insurance, and it was immediately apparent that the insurance market for drones was wholly underdeveloped, with very few offerings and very user-unfriendly. He therefore set about creating a team to vastly streamline and improve the buying of drone insurance. Moonrock Drone Insurance now offers policies for both commercial clients and consumers that really deal with the concerns and genuine risks for pilots.

Simon currently sits on the UK governments advisory committee for drones which consults along with the CAA and Department for Transport. He also sits on the British Standards Institute committee to help ensure safety and best practice.

Moonrock Drone Insurance will be launching the UK’s first dedicated website for consumer drones users along with their commercial offering which has been trading for 5 years.

Thomas Stuart, Insurance Development Director Acturis

Thomas Stuart, Insurance Development Director, Acturis

As insurance development director, Thomas oversees the commercial lines products team at Acturis, moving the market forwards through e-trade and automation. His role requires developing a deep understanding of the players in the market who are able to make bold strategic decisions and building a team that delivers the most sophisticated e-trade products. Thomas has been working with insurers, MGAs and brokers for over a decade, shaping the current e-trade market and always looking to stretch the boundaries of digital insurance trading and underwriting.

He finds the combination of technology, business process and culture change in the UK insurance industry a fascinating challenge. Seeing the first commercial e-trade policy accept and keeping the UK at the leading edge of commercial insurance automation has driven work with a huge range of customers as well as industry bodies.

Thomas has a background in electronic engineering and has been working at Acturis since 2004. Since joining, he has managed various teams within Acturis, including the integration, web development and personal lines products teams. Today, he is heavily involved in the formation of AI solutions at Acturis, helping insurers tackle some of the trickiest productivity problems and making a measurable difference.

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*Votes from personal email addresses or from the nominee’s own company won’t be counted towards the final tally.