The Reinventing Finance Podcast - Episode 5 with Nigel Walsh, Managing Director of Insurance at Google

Reinventing Finance

Nigel Walsh is an Insurance and InsurTech expert and only recently joined Google as the new Managing Director of Insurance for North America. Prior to that, he spent five years as a Partner at Deloitte, leading the global Future of Insurance and the Google Cloud alliance for Insurance, as well as co-leading the Global InsurTech team. He has helped build businesses from scratch in the Insurtech space, launching and designing new propositions, and is on a personal mission to make insurance loveable. :-)

In this episode, Nigel joined us to discuss the following topics and more:

➡️ What were your personal reasons for taking on the new role at Google?

➡️ Background on two Google Cloud projects: Partnering with Brit to create Ki and collaborating with Munich Re and Allianz Global Corporate & Specialty to launch an innovative cyber insurance solution.

➡️ What is your personal thesis on the insurance industry?

➡️ Embedded insurance & finance: where do you see the market moving (will it be super apps aggregating several insurers?) and what will be the key drivers?

➡️ Will companies like Google “eat” insurance as an industry?

➡️ The difference between evolutionary and revolutionary steps.

➡️ Will the big incumbents be able to overcome their legacy?

➡️ Do you think there is going to be more incumbents getting to innovate than the disruptors or new market entrants capturing significant market share?

➡️ The Platform economy and the cycle of engagement for insurance.

➡️ With all of the change happening, what do you think will stay the same in insurance?