Simon Laird takes seat on instech advisory board
RPC's Head of Insurance joins conversation at the heart of InsurTech
Simon Laird, RPC's Head of Insurance, has taken a seat on instech's advisory board joining 17 other senior individuals who come from across the insurance and technology sectors. Simon is the only lawyer on the board.
His seat on the board will last two years and will see Simon speak at a number of high profile events as well as advise on the legal challenges that will likely arise for insurers over the coming years, particularly around the use of data and how to protect it.
Simon said: "While we have been advising on the opportunities and challenges around InsurTech as a firm for some time, this is about doing the business of insurance different in a world where technology is advancing at lightning speed. It's about helping the insurance industry find value in technology."
Katia Wyatt, Founder and Director of instech, said: "We aim to serve as a source of new ideas, proven strategies and hopefully as a way for members of the insurance and tech worlds to come together to meet and exchange war stories. Simon's addition to our advisory board brings a new perspective to what we can give to our members and what we can achieve across the digital disruption spectrum in insurance. We are happy to have him on board."
RPC has been supporting the insurance sector on InsurTech matters for some time, including through the award-winning ReSecure service, which offers an all-inclusive service to companies that have been involved in a cyber-attack. ReSecure provides clients with access to a combined team offering data breach management, technical forensic investigation, legal advice, notification, web and credit monitoring and public relations services.
Meanwhile, RPC Tyche [from 30 May 2020, RPC Consulting became RPC Tyche LLP], the actuarial and insurance management consulting arm of RPC, offers clients access to Tyche, its proprietary software. Through Tyche, insurers can price risk (both personal lines and commercial) or reserve, and model capital at a faster rate than most technologies.