COVID-19 is accelerating digital transformation in insurance: Camelot founder

The COVID-19 pandemic has enabled an unforeseen digital acceleration within the insurance industry, according to David Clamp, founder of Camelot, a network of independent workers within insurance.

Clamp is the former head of IT and solutions delivery at Hiscox and currently the managing director of Merlin Digital Consulting. He formed Camelot in 2018 with the aim to streamline outdated processes in the insurance industry, using the knowledge, connections and expertise of its 150+ members.

The networking group claims to have seen a big increase in interest during the COVID-19 pandemic as the insurance industry was forced to adapt and embrace digitisation, as well as enhance their collaborations.

Camelot boasts numerous Think Tanks’, covering topics ranging from sustainability to innovation. It is planning to unveil its new identity as well as a range of new services at a virtual event on November 18.

Clamp said: “Since the Camelot Network was first conceived in a pub in London two years ago, little could I have imagined that it would grow to the extent it has. We now boast a powerful network of more than 150 independent consultants, all ex-C-Suite/Senior Managers in insurance and financial services.

“Equally, we could never have foreseen the COVID-19 pandemic and the extent to which that has accelerated the march towards greater digitisation within the insurance industry. That has made the need for networks such as ours greater than ever. Through the expertise within our strong and diverse network, our members can help provide rapid and cost-effective solutions for risk and insurance companies as well as solution providers.”