At InsTech, we love featuring founders who took matters into their own hands to solve the problems they encountered. This episode shines a spotlight on one such entrepreneur who did just that.
In the insurance industry, manually cleaning data remains a costly and time-consuming challenge. To explore this issue, Matthew Grant sits down with Nicola Turner, CEO and Co-founder of Scrub AI. Scrub AI is a platform that automates repetitive data cleaning tasks—a solution born from Nicola's own experience as an underwriter struggling with inefficient processes.
Key talking points include:
- Nicola’s journey from underwriter to ‘accidental’ entrepreneur
- How identifying a persistent problem led to a solution
- The challenges and successes of raising funding for a tech start-up
- Why data management remains such a significant issue in the insurance sector
- The role of AI, machine learning, and technology in transforming data processes
- Insights on working with co-founders and finding the right partners
- Balancing the demands of start-up life with personal well-being
If you would like to hear more about entrepreneurs, raising funding and founding a company, listen to episode 317 with Marcus Ryu, Partner at Battery Ventures and Chairman at Guidewire.
If you like what you’re hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
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Continuing Professional Development
This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Describe what are the current issues with data in the insurance industry
- Define bordereau and what problems might they pose for an insurer
- Identify ways in which entrepreneurs can generate funding and develop their team
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 319 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
InsTech - insurance & innovation with Matthew Grant & Robin Merttens