This week, Robin Merttens talks with Martin Reith, Chairman at Artificial Labs. Next month, Martin Reith will mark 40 years in the London Market. As he approaches this significant milestone, we sat down with him to discuss his journey into the industry, his most notable achievements, his decision to become Chairman of Artificial Labs, and his thoughts on the challenges of modernising the London Market. We also explored his strong advocacy for algorithms and the advice he has for the next generation of industry leaders.
Key Talking Points
-Starting 40 years ago
-Founding Ascot Underwriting and receiving backing from AIG
-What has gone well in the Lloyd’s Market and what can be improved?
-Is there a good time to invest in technology?
-Smart Follow – a term often misunderstood
-The world of algorithms
-Martin’s advice for anyone thinking about entering the Marketplace
-The London Market – it works on people
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By the end of this podcast, you should be able to meet the following Learning Objectives:
- Explain what Smart Follow is in the context of insurance
- Identify ways in which the London Market place can take advantage of innovation
- Summarise what an algorithm is and how it can be implemented in insurance
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00:00 Introduction and Welcome
00:27 Guest Introduction: Martin Reith
01:21 Martin's Career Journey
04:17 Greatest Achievements and Challenges
06:29 Modernisation and Market Challenges
12:14 The Role of Technology in Insurance
21:10 Future Opportunities and Advice
30:32 Closing Remarks
