Marie Lesaicherre, Cofounder and CEO of virtual i, met with Mark Cooper, General Manager of Lloyd’s Dubai, in late May to brief him about virtual i’s use of cutting-edge technology to assess risks in a fast, affordable, and reliable manner.
Cooper, well aware of the challenges property underwriters face in assessing property risks, invited Lesaicherre to London to present the ideas at Lloyd’s HQ. There she met with Keith Smith, Head of Lloyd’s Emerging Risk Team, and Lloyd’s Claims Team.
Lesaicherre demonstrated the wearable technology virtual i is bringing to the insurance industry: showing the risks in real-time and enabling quick assessment of risks. The teams at Lloyd’s appreciated how virtual i’s technology will change the insurance industry by letting carriers, brokers, and reinsurers evaluate risks they cannot see, while also ensuring reliability and quality in the assessment of risks. The wearable technology will revolutionize the risk selection process – allowing previously inaccessible risks to be evaluated – resulting in improved bottom lines and combined ratios.
Back in Dubai, Lesaicherre accepted Cooper’s second invitation to present to Lloyd’s syndicates and members of the larger industry. The Lloyd’s Dubai office filled with a mix of insurers, brokers, syndicates and reinsurers. After a brief presentation and an enlightening Q&A session, virtual i’s field engineers helped attendees experience the smart glasses as they walked around Lloyd’s office. The other visitors viewed the real-time feed of Lloyd’s office, gaining an understanding of how they could assess their own risks.
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