Sir David Porter Speaks With Sridhar Subbaraman of Oasis Insurance Group at #InsureTek

Sir David Porter speaks with Sridhar Subbaraman of Oasis Insurance Group at InsureTek Dubai

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@SirDavidPorter speaks with Sridhar Subbaraman of Oasis Insurance Group at #InsureTek about how the evolution of digital #technology is pushing the #Insurance space forward


00:01
we are live in dubai at the insure tech
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conference i’m david porter with the
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washington elite the world’s greatest
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conference streamers
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i brought uh some great companies to you
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and we are working it hard so why don’t
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you introduce yourself
00:20
good to be here david uh i’m sridhar
00:22
sabaraman
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i’m the founder of oasis insurance group
00:26
we are we are into the direct
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distribution range from the distribution
00:31
operating out of uh uae and
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us as we speak
00:36
and uh we have our we have we are we
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also own our own technology firm back in
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india as well as we speak we are looking
00:43
to expand into the latin american
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countries where we feel that insurtech
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it has got a future in the in the latin
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american country so that’s where our
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focus is and that’s what we do
00:53
and we have been around in the middle
00:55
east for the last uh two plus decades
00:57
done well done well and this market has
01:00
this market is now in the cusp of change
01:02
that was and uh it’s it’s a change that
01:04
we’ve been like talking for the last
01:06
three four years
01:08
thanks to covet it’s now
01:10
becoming a reality yes huh yeah so what
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changes are you seeing happening
01:15
uh the biggest change that we see is the
01:18
adoption of technology and digital as
01:21
the way forward by the industry
01:24
i would say that i take pride in saying
01:26
that we were we were we were the first
01:28
company in the region to
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uh digitally enable the distribution
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platform in the region uh
01:36
from end-to-end solution providers
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perspective and we were the first one at
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insurance oasis.com and uh
01:43
i can taking going back in time when
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whenever we used to have this
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conversation with the risk areas and
01:48
things like it it used to be a little
01:51
difficult for them to comprehend what we
01:53
were talking about
01:54
and uh
01:56
now post the covert it has now
01:59
understood and agreed that yes uh the
02:01
way forward is the adoption of
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technology and adoption of
02:05
digitalization so today today when i
02:07
meet the ceo of the industry over here
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they know a couple of them candidly did
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admit to say that well isn’t she that
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two years ago when you were talking
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about it we heard you but we didn’t
02:15
understand but today we understand what
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you said two years ago and today we are
02:19
doing it now we know how to go aboard it
02:21
and we are happy that you’ve been our
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anchor in those days uh nav helping us
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navigate those uh those days when when
02:30
we did not understand and helping us to
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be where we want to be so it’s a happy
02:33
place to be to be a thought leader and
02:35
also to be accepted by the industry to
02:37
say that
02:38
we are the agents of change so that’s
02:40
what that’s what we have been doing so
02:42
far
02:42
very nice so what originally got you
02:45
inspired or involved in the insurance
02:47
field
02:49
okay i’m a carrier insurance
02:50
professional i all that i studied was
02:52
insurance okay
02:54
uh right right from school uh was
02:57
whilst everybody was looking to major in
02:58
either science or uh business or finance
03:01
or accounting i choose to major in
03:03
insurance so right from right from a 15
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year old all that i’ve been doing is
03:07
insurance and
03:10
instantly instantly
03:12
it’s been like
03:13
what more than three decades now into
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insurance and
03:16
the interest is like i always feel that
03:19
uh the domain remains the same but the
03:21
domain has to evolve to the up to the
03:24
changing
03:25
nature and way of doing business and
03:27
today it’s everything is digital and
03:29
everything is technology we are talking
03:30
about we are talking about adopting
03:32
newer technologies and uh
03:35
delivering smartly to the ensuring
03:37
public that’s what that’s what that’s
03:39
what uh
03:40
we we focus on we we understand the
03:42
domain we don’t we don’t uh we respect
03:45
the domain we push the domain to accept
03:48
the latest what’s happening around the
03:49
world so that’s that’s where our focus
03:51
is
03:53
very passionate here and so you guys are
03:57
sponsoring part of the conference you
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have a booth here uh how’s it working
04:01
out for you so far good we had some good
04:03
tractions and some very very interesting
04:05
in conversations today with some some
04:07
risk areas some
04:09
tech solution providers because we we
04:11
feel that we are in a co-operation world
04:13
where where in some areas we will be
04:15
competing with our with our peers and in
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some places where we would be
04:19
cooperating with them so now that
04:21
understanding has also seeped into the
04:23
market to say that there are bits and
04:25
pieces that we are good at there are
04:26
bits and pieces that they are good at
04:28
and let’s pick up these
04:29
areas where we are good at and let’s
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coordinate and cooperate rather than to
04:33
say that oh okay let’s meet at the
04:35
marketplace let’s say we might have the
04:37
marketplace but we’ll also be
04:38
cooperating in certain areas so that’s
04:40
that’s been a great so far all this all
04:42
this morning have had some uh ex
04:45
excellent conversations whom we thought
04:47
were competition today we are looking at
04:49
to say how do we
04:50
co-operation
04:52
so that’s that’s that’s that’s nice to
04:54
hear
04:54
very good that’s what it’s all about
04:56
coming in person getting to meet people
04:59
finding the partnerships you need
05:01
so are you going to be on stage today or
05:03
tomorrow are you speaking yes i’m i’m
05:06
participating in a panel uh
05:08
talking about how insure tech is going
05:10
to is going to
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address this industry’s next uh
05:14
evolution and next growth
05:16
story actually uh which which i’m always
05:19
been passionate about and uh this is
05:21
being moderated by my very good friend
05:23
of mine we we both talk the same
05:26
language at all times frederick and i
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will be like uh he’s moderating and i’ll
05:30
be speaking on the panel later in the
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day today
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do you know what time uh between 2 50
05:35
and 3 40 this afternoon there you go so
05:37
it is streaming on youtube under insured
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tech uh clearly siddhar is one of the
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thought leaders here
05:44
and uh thank you so much for coming on
05:46
is there any uh last words and is there
05:48
a website or social media people can
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find your company on yes uh
05:53
for for our digital distribution you can
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you can visit
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www.insure oasis.com
05:59
uh we are we are providing uh a platform
06:02
where we are providing for the retail as
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well as for the business needs of the
06:06
insurer of the of the public in uae
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currently and we hope to expand it into
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the uh other markets in the in the
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coming years
06:15
very good thank you so much thank you
06:16
coming on thank you thank you i’ll be
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here working and bringing you guys more
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interviews soon
06:22
what’s your accord oh sorry sorry

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