046: Automation in the Insurance Industry - with Lyndsey Barnett and Giles Ashley

On today's episode, we’re excited to be chatting to Giles Ashley, Product Development Manager and Lyndsey Barnett, Head of Broker Management at Modus Underwriting. They’re here to chat with us about automation in the insurance industry, what that looks like in the future and their brand new broker platform!   LEARNING OBJECTIVES: The whole idea of Modus as a business was to build an automation into underwriting for broker journeys’ so that it’s quicker and easier for them to trade. The new online platform has been built exclusively for UK brokers. Teaming up with third party organisations such as RightMove and estate agents could be the future of the platform. Market research meant that Modus was able to find a gap in the market and offer an online platform like no other.   BEST MOMENTS: ‘’What was coming out loud and clear was the fact that all online platforms seem to have really lengthy questions that and they'd get all the way to the end of them, then they'd find out it was either a decline or it would be referred and there'd be a break in the buying journey. This meant additional costs or they'd often lose the sale, that kind of thing.’’   ‘’We wanted to make it more niche, more non-standard, and put the control back in the hands of the broker so this platform is built exclusively for UK brokers.’’   ‘’We were looking through those and we couldn't see anything that was similar, but based on feedback and the research we did with the brokers and the pilot that we did too, they all come back to us and said there's nothing this quick and easy and slick available currently.’’   RESOURCES: Modus Underwriting website: https://www.modusunderwriting.com/ Giles’ Profile: https://www.linkedin.com/in/giles-ashley-b086b57/ Lyndsey’s Profile: https://www.linkedin.com/in/lyndsey-barnett-368751a0/ Video Link: https://youtu.be/HBWkzEAdB5o   ABOUT THE GUESTS Giles Ashley and Lyndsey Barnett form part of the Management Team at Modus Underwriting. Modus are an award winning insuretech MGA which specialises in uniting traditional insurance disciplines with cutting-edge technology to offer fully automated, e-traded insurance products and solutions for their partner brokers.   ABOUT THE HOST Sarah Myerscough is the Sales and Marketing Director of Boston Tullis Group. The founder of The Insurance Brokers Podcast, she brings a wealth of marketing experience and a fresh perspective on marketing in the insurance sector. Boston Tullis works with insurance brokers to offer solutions to business development ceilings, particularly in the rapidly developing fields of video marketing and thought leadership. If you would like Sarah to help you develop an integrated marketing strategy, using state of the art concepts, then please book a free 20 min call via Calendly    Website: https://bostontullis.co.uk/ Evaluation Link: https://s.bostontullis.co.uk/s/podcastevaluation