Interview Series - Roger Ferrandis

Hello readers! ????

Our #InterviewSeries are back! This time, we interviewed Roger Ferrandis, Chief Operations Officer & Co-founder at #Wenalyze.

With more than 8 years of experience, he shared with us his vision of the Insurance Sector and its future and the power of Open Data. Discover it now!:

How does the post-pandemic scenario look like? What changes have you noticed in the Insurance Sector in the last two years?

In my opinion, it has helped to speed up a cultural change. Every business is now used to having remote and virtual meetings, which means we can save time and money in traveling.?Getting used to remote work has also allowed some insurers to open themselves to partner up with start-ups from anywhere?and therefore access a wider pool of innovative solutions.

From Wenalyze’s perspective,?it opened huge opportunities. During these two years, many businesses have shut down, fired employees, changed their products, started selling online, or delivered. In sum,?almost every business had a relevant change that affected their risk.?This has a huge impact on commercial insurers, who cannot predict with such accuracy their gains and losses anymore. While updating information of a whole portfolio would be a very hard task to do manually, they have seen us as the perfect partner to properly assess the risk of their clients quickly and accurately.

What challenges and opportunities for Insurance Carriers do you see in the following years?

One of the main challenges carriers are facing is?giving an answer to the current world situation. Wars, pandemic, and climate change are causing unpredictable losses they must cover on a global scale. I can see carriers moving towards?ESG initiatives;?however, it is still unclear what is their maximum potential on this topic.

Hopefully, in the future, carriers will compensate clients who are contaminating less to incentivize everyone to adopt net-zero policies.

In the space of startups and innovation,?the main challenge in my opinion is cultural.?Changing the way someone has worked for the last 50 years is not an easy task to do. Especially when that business has been profitable since then with minor variances. It is hard to tell someone who’s been doing great to change something and assume a new risk. And insurers are logically the most risk-averse type of corporation you can meet.

Read the complete interview in our blog!