Jacqueline Legrand: The Pioneer of Weather Insurance

On this episode of the Scouting For Growth podcast, Sabine VdL talks to Jacqueline Legrand, a name that resonates with transformative leadership in the global insurance industry. From orchestrating the radical transformation of Brokerslink to co-founding Maptycs, an InsurTech firm that is redefining how we perceive weather risk analysis and risk exposures, Jacqueline's legacy is nothing short of extraordinary.
With her finger firmly on the pulse of digital transformation, she advocates for a harmonious marriage between technology and insurance. We're about to delve into a narrative beaming with transformative milestones, insights into the potential of geospatial analytics, and the challenges and triumphs of revolutionising an industry full of tradition.

KEY TAKEAWAYS

• I started my career in corporate with IBM, after 8 years I moved to insurance, fell in love and spent a big chunk of my career as a broker working with complex property programmes, which is where the idea for Maptycs (mapping and analytics) was born.
• I really believe that independent broker networks have a very compelling proposition today in the global brokerage industry because the local brokers are deeply rooted in  their local industry and culture.
• The big thing I’ve learned and will always use is: What is the vision and the value proposition for each and every stakeholder? What is the business model? What is the execution plan? What is the road map?
• We saw an acceleration in natural disasters because of climate change, and at the same time an explosion of high quality location intelligence data. Timing is key in any startup company. The challenge was with all these claims and losses and all this data that could be used to make better assessments, pricing, and risk mitigation. This is what we do at Maptycs; integrate the portfolios of our clients alongside a la carte external data. 

BEST MOMENTS
‘Make sure, as a global broker, you build programmes for your client/global reach manager that are not only in line with their strategy, but also align with the local market practices and regulations.’
‘Your colleagues on the ground play a critical role, and you need them whether it is to negotiate local coverage or to work on a claim with the local expert or adjuster.’
‘We really enable corporate insurance brokers to have a good assessment of their product risk exposure because now they can see either one location at a time or accumulation across their portfolio and they can mix and match their data with risk data.’

ABOUT THE GUEST
With a footprint that stretches over 30 years across the global insurance tapestry, Jacqueline Legrand stands as a testament to transformative leadership in the industry. From the bustling markets of the US to the dynamic terrains of Brazil, France, and Portugal, her journey in C-suite and Board-level roles has solidified her as a luminary in the realm of insurance.
As the CEO and co-founder of the groundbreaking InsurTech firm, Maptycs, Jacqueline is at the forefront of revolutionising property risk exposures. Through the lens of advanced geospatial analytics, she's reshaping the way commercial lines of insurance providers approach weather risk analysis.

ABOUT THE HOST

There are over 140,000 FinTech ventures out there, including FinTechs, InsurTechs, HealthTechs, and WealthTechs. And the number keeps on changing every month. One statistic remains the same: 25% of these ventures have received investment and support from the financing world. 75% of these businesses still seek financing support from institutional and corporate investors alongside value-creating commercial collaboration opportunities with Global Fortune 500. 

Through this podcast series, I would like to demystify the world of corporate venturing, including how corporations collaborate with growth ventures, how venture capitalists and corporate venture capitalists make investment and collaboration choices in ventures and give tech founders and entrepreneurs, the strategies, tactics, tools, and techniques to build, grow and scale their business by understanding how those with financing power think. So, listen in, share and comment as you see fit.

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