{"id":1145,"date":"2021-04-08T00:00:00","date_gmt":"2021-04-07T23:00:00","guid":{"rendered":"httpss:\/\/advantagego.local\/matthew-wilson-group-ceo-brit-a-digital-data-led-business\/"},"modified":"2025-02-25T16:36:54","modified_gmt":"2025-02-25T16:36:54","slug":"matthew-wilson-group-ceo-brit-a-digital-data-led-business","status":"publish","type":"post","link":"https:\/\/www.advantagego.com\/en-us\/content\/matthew-wilson-group-ceo-brit-a-digital-data-led-business\/","title":{"rendered":"Matthew Wilson, Group CEO, Brit &#x2013; A digital, data-led business"},"content":{"rendered":"\n<p><iframe loading=\"lazy\" title=\"Ep 74 Matthew Wilson Group CEO Brit: Pretending Brit didn't exist\" src=\"https:\/\/www.podbean.com\/player-v2\/?i=7d7y8-ffcacd-pb&amp;from=pb6admin&amp;download=1&amp;share=1&amp;download=1&amp;rtl=0&amp;fonts=Arial&amp;skin=1&amp;btn-skin=3\" width=\"100%\" height=\"150\" scrolling=\"no\" data-name=\"pb-iframe-player\"><\/iframe><\/p>\n\n\n\n<p>This week\u2019s guest on The Voice of Insurance podcast is one of the best examples of a leader walking the talk when it comes to innovating and digitising the insurance value chain. Matthew Wilson, Group CEO, Brit, is a genuine advocate of embracing technology and <a href=\"https:\/\/www.advantagego.com\/en-us\/products\/underwriting\/\" target=\"_blank\" rel=\"noopener\">algorithmic-based underwriting<\/a>. He leads by example with the transformation project to move Brit\u2019s entire IT infrastructure to the cloud in the last three years and to prepare the company for a digital future. Matthew also chats about Ki, the first fully digital and algorithmically-driven Lloyd&#8217;s of London syndicate, and the structured targets for this business.<\/p>\n\n\n\n<p>We were delighted to hear Matthew speak candidly about his own education and personal journey on what it means to be innovative, how Brit supported its entire workforce to think creatively, and why he wants Brit to be synonymous with digital. Matthew also discusses company culture and why Brit puts Inclusion before Diversity and not the other way around.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/advantagego.wpengine.com\/wp-content\/uploads\/Matthew-Wilson-Group-ceo1__ResizedImageWzgwMCwxODld.png\" alt=\"Matthew Wilson Group ceo\" title=\"Matthew Wilson Group ceo1\"\/><\/figure>\n\n\n\n<p>When asked about Brit\u2019s journey so far and future plans, Matthew discusses how the last decade was spent driving underwriting quality and performance, and how the next five years will be about creating a \u201cdigital, data-led business.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">At the forefront of change<\/h2>\n\n\n\n<p>The insurance industry is studded with best intentions and mission statements when it comes to digitisation, but Brit has made it happen. Matthew speaks about the process of wanting Brit to be at the vanguard of digital innovation versus making it happen, and Brit\u2019s efforts to foster an innovative culture that supports creative thinking.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/advantagego.wpengine.com\/wp-content\/uploads\/making-brit-as-digital2__ResizedImageWzgwMCwyNjFd.png\" alt=\"making brit as digital\" title=\"making brit as digital2\"\/><\/figure>\n\n\n\n<p>As the conversation moves to digital underwriting, Matthew discusses how the insurance industry still has one of the highest expense ratios in the corporate world, which is unsustainable in the long term. Matthew describes how <a href=\"https:\/\/www.advantagego.com\/en-us\/content\/technology-making-waves-in-insurance-industry\/\" target=\"_blank\" rel=\"noopener\">digitising processes that drive efficiencies<\/a> and reduce wastage is one of the key ways to drive down expense ratios. He comments: \u201cdigitising the pieces that we can will make ourselves much more productive; that is exactly the model we want to produce.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Algorithmic underwriting<\/h2>\n\n\n\n<p>When asked about algorithmic underwriting and if it will replace Underwriters, Matthew is clear that this won\u2019t be the case and that he has a duty of care to Brit\u2019s Underwriters.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/advantagego.wpengine.com\/wp-content\/uploads\/human-intellect-to-programme-algorithms3__ResizedImageWzgwMCwyMjZd.png\" alt=\"human intellect to programme algorithms\" title=\"human intellect to programme algorithms3\"\/><\/figure>\n\n\n\n<p>Discussing algorithmic underwriting in Lloyd\u2019s, Matthew comments: \u201cI do think that algorithmic trading as a general concept in Lloyd\u2019s will sort of be omnipresent in five years, but actually taking it to that next level of leading is an enormous challenge.\u201d<\/p>\n\n\n\n<p>Commenting on <a href=\"https:\/\/www.advantagego.com\/en-us\/content\/the-voice-of-insurance-podcast-interview-with-john-neal-ceo-lloyds\/\" target=\"_blank\" rel=\"noopener\">Lloyd\u2019s Blueprint Two<\/a>, Matthew believes that Lloyd\u2019s is \u201cdoing a phenomenal job\u201d and, \u201cif we get this right and actually create a fully digital Lloyd\u2019s, not only will it be the only digital insurance market place for complex risk, but I really think it creates significant value for all of the businesses operating in Lloyd\u2019s.\u201d<\/p>\n\n\n\n<p>This episode is a must-listen for anyone wanting to find out more about the benefits of innovation and digitisation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week\u2019s guest on The Voice of Insurance podcast is one of the best examples of a leader walking the talk when it comes to innovating and digitising the insurance value chain. Matthew Wilson, Group CEO, Brit, is a genuine advocate of embracing technology and algorithmic-based underwriting. He leads by example with the transformation project [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3316,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[19],"tags":[],"line-of-business":[],"class_list":["post-1145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcasts"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts\/1145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/comments?post=1145"}],"version-history":[{"count":0,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts\/1145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/media\/3316"}],"wp:attachment":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/media?parent=1145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/categories?post=1145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/tags?post=1145"},{"taxonomy":"line-of-business","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/line-of-business?post=1145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}