The Confluence of InsurTech, LawTech and Proptech; what we learnt

11th October 2018

DAS UK Group partnered with Instech London to host ‘The Confluence of InsurTech, LawTech and PropTech’ event at the Steel Yard in London recently. Our Innovation Manager – Matthew Vamplew – looks at what he learnt from the event…

The common theme between insurtech, proptech and lawtech was the role of data as the currency of trust and commercial value. It was clear that it touches every business area and customer alike, yet there was general consensus that while unstructured data (unformatted data, from a variety sources) held the most value, it was the hardest area to get information from. This of course, is an area a number of data/artificial intelligence start-ups can fill.

There was agreement that each segment could do better to work with one another, with ideas ranging from more effective data integration and sharing, such as harnessing Application Programming Interfaces, to co-created propositions and customer engagement strategies (I even overhead meetings being organised around these topics during the networking session).

The eight high growth start-ups to pitch on the night were:

  1. Orbital Witness: Delivers data-driven identification of legal risk in property transactions.
    Watch on YouTube
  2. Thirdfort: Uses digital escrow and ID technology to streamline the property buying process and protect it from fraud.
    Watch on YouTube
  3. Leverton: Provides deep insights from unstructured data found in corporate and legal documents in over 30 languages.
    Watch on YouTube
  4. CourtQuant: Uses state of the art artificial intelligence to predict the outcomes of litigation with accuracy rates reaching 90%, even in the most complex legal areas.
    Watch on YouTube
  5. Shepherd: Harness IOT and machine learning to reduce the time taken to discover and fix property and compliance problems.
    Watch on YouTube
  6. Paycasso: Provider of ‘e-Identity’ and ‘e-Authenticity’ that deliver cutting edge global consumer identification solutions.
    Watch on YouTube
  7. Eigen Technologies: Use ‘Natural Language Processing’ technology to extract data from documents and classify them based on content.
    Watch on YouTube
  8. Signaturit: Digital signature and blockchain smart contracts in the insurance / property space.
    Watch on YouTube

The conversation of collaboration will be one that is ongoing, and as new technology further fragments the value chain, the role of each segment and how they interact with each other will certainly change over time.

If you have an innovation you would like to discuss, please contact matthew.vamplew@das.co.uk.

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