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Speaker 1: Welcome to Fear and Greed business news you can use today.

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Speaker 1: Prime Minister Anthony Aberanzi calls for calm amid the petrol

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Speaker 1: crisis and asks people to voluntarily reduce the amount of

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Speaker 1: fuel they use. The local share market has its best

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Speaker 1: day in a year on hopes of a quickish end

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Speaker 1: to the Middle East War and the Great KitKat. Heis

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Speaker 1: plus positive signs for new builds in the housing market,

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Speaker 1: and India kicks off a census of its one point

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Speaker 1: four billion people. It is Thursday, the second of April

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Speaker 1: twenty twenty six. I'm Michael Thompson and good morning Sean, Aylma.

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Speaker 2: Good morning Michael.

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Speaker 1: Sean the main story this morning. Prime Minister Anthony Albanesi

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Speaker 1: last night appealed to the nation to do their bit

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Speaker 1: in conserving petrol and diesel, but he stopped short, well short,

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Speaker 1: i would say, of suggesting fuel rationing as coming anytime

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Speaker 1: soon or it was even on the way at all.

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Speaker 1: In a five minute address, mister Albanezi made it clear

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Speaker 1: that he will be the primary voice during the energy crisis,

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Speaker 1: unlike COVID when the different state leaders all took over,

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Speaker 1: and he sought to calm fears about running out of petrol.

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Speaker 1: He did say that the monster ahead would not be easy,

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Speaker 1: but that people should go about their business as usual,

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Speaker 1: including following through with easter plans.

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Speaker 2: He also asked people to exercise common sense and consider

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Speaker 2: others like farmers and miners and tradespeople whose livelihoods depend

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Speaker 2: on getting diesel into their trucks significantly alban easy asks.

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Speaker 2: Rather than told people to make sensible choices, The Prime

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Speaker 2: Minister suggested people switch to catching trains or buses or

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Speaker 2: trams to work for example. Also yesterday, ahead of that

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Speaker 2: the five minute speech last night, Treasure Jim Chalmers said

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Speaker 2: the Australian Tax Office and banks had agreed to provide

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Speaker 2: temporary relief of payments for small businesses struggling to pay

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Speaker 2: their bills due to spike and fuel prices.

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Speaker 1: It really isn't often, isn't that we get the Prime

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Speaker 1: Minister addressing the nation and all four broadcast networks covering

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Speaker 1: it and radio stations and everything. It really is kind

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Speaker 1: of right across the media. Kevin Rudd did it back

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Speaker 1: in the global financial crisis in two thousand and eight.

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Speaker 1: Scott Morrison did the same at the start of COVID,

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Speaker 1: having watched that last night. It didn't come away with

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Speaker 1: it as though I knew anything new. There was no

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Speaker 1: kind of new information coming through there. There wasn't any

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Speaker 1: kind of big plans put in place or any detail

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Speaker 1: in it. Was it just designed essentially to make it

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Speaker 1: look as though the government is in control of the situation.

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Speaker 2: I think so, in specifically that Anthony Albernezi is in

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Speaker 2: control of the situation, even though the government has very

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Speaker 2: little control of the situation because it's all about supply,

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Speaker 2: a lack of supply. Now, the PM has been criticized

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Speaker 2: for not doing enough to calm Australian's nerves. Probably that's

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Speaker 2: what he was trying to do last night, and he

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Speaker 2: is trying to reduce demand, which is something there is

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Speaker 2: some control over. But really, last night, don't you reckon

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Speaker 2: stage managed to make it look like he was in

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Speaker 2: charge because as you said, there was no kind of

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Speaker 2: new details or information. And if I was one of

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Speaker 2: the four broadcast networks of the radio networks and I

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Speaker 2: had interrupted five minutes of my programming for that, yeah,

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Speaker 2: it's almost like a political speech. Maybe I'm being too harsh.

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Speaker 1: No, I think I think that's entirely reasonable. And if

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Speaker 1: it was just to kind of reassure people, all right,

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Speaker 1: but it does make you wonder, Okay, then is this

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Speaker 1: kind of just the opening gambit, and then in coming

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Speaker 1: weeks there might be another one where the controls and

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Speaker 1: the measures are a little bit more concrete than what

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Speaker 1: we saw last night.

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Speaker 2: But even during COVID, we only had one national address

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Speaker 2: from Scott Morrison, not a bunch of them. I mean,

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Speaker 2: yesterday was a tough day. So he announced it like

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Speaker 2: at lunchtime or a bit before lunchtime. So everyone went

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Speaker 2: and filled up their cars because they're worried that rationing's

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Speaker 2: going to come in, soa like there was a run

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Speaker 2: on petrol stations. You also had US President Donald Trump

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Speaker 2: yesterday telling countries to get your own oil. He's not

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Speaker 2: happy about nations not supporting him in the Middle East War.

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Speaker 2: The President also said he expected the war and I

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Speaker 2: ran to end in the next two to three weeks.

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Speaker 2: That helped equity markets definitely. He will talk later this morning.

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Speaker 2: He's got a national address himself later this morning. Reading

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Speaker 2: between the lines. No matter what Donald Trump actually says,

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Speaker 2: the federal government is not confident that the war will

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Speaker 2: end quickly or that oil will be flying through the

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Speaker 2: Strait of Moors anytime soon now.

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Speaker 1: Ahead of last night's address Sean, the local share market

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Speaker 1: went on an absolute tear, kicking off the new quarter

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Speaker 1: up two point two percent, following a strong lead in

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Speaker 1: from Wall Street after comments from US President Donald Trump

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Speaker 1: to the Middle East war would be over in weeks.

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Speaker 2: Michael, it was likely eight percent sull offon March had

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Speaker 2: been forgotten, sort of. It was the best one day

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Speaker 2: gain in twelve months, added about sixty eight billion dollars

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Speaker 2: in value to the ASEX two hundred. Trump's comments and

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Speaker 2: reports that the Iranian president was also seeking an end

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Speaker 2: to the war sent to oil prices. Lower Brent headed

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Speaker 2: back towards one hundred US dollars. Barrel gold was back

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Speaker 2: above four thy seven hundred US announced briefly anyway. The

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Speaker 2: local miners yesterday, with the biggest winners on the share market.

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Speaker 2: BHP led the way up nearly five percent, Fortesky middles

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Speaker 2: rose four percent, Rio three and a half percent. All

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Speaker 2: the banks did well, led by Commonwealth Bank. Macquary outperformed.

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Speaker 2: Some of the property consumer discretionary stocks were among the

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Speaker 2: worst performers, suggesting that underneath all this noise, all this

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Speaker 2: stuff that's going on around the war. There's still plenty

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Speaker 2: of concerns about the state of the Australian economy. Anyway,

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Speaker 2: great day for the market. In fact, of the top

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Speaker 2: thirty stocks, only one transurban, the Toll Road Group went

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Speaker 2: backwards yesterday.

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Speaker 1: Oh wow, that is a good day.

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Speaker 3: Now.

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Speaker 1: You mentioned earlier that Donald Trump is speaking later this

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Speaker 1: morning Australian time. Yesterday, as we just mentioned, he said

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Speaker 1: that the US will leave Iran in two to three weeks,

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Speaker 1: adding that the US will have nothing to do with

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Speaker 1: reopening the Strait of Humus and Iran doesn't have to

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Speaker 1: make a deal for the US to leave.

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Speaker 2: Yes. Trump also called in other countries to build up

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Speaker 2: some courage. Also said go get your own oil. Meanwhile,

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Speaker 2: fighting continues. There was some good news for Australia on

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Speaker 2: the oil front. Singapore is Australia's top source of petrol's

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Speaker 2: second largest source of diesel. The two countries foreign ministers

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Speaker 2: met yesterday in Camber. They released the statement saying that

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Speaker 2: accelerate arrangements that support trade. Also, Energy Minister Chris Bowen

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Speaker 2: was asked in question time about shipments of oil. He

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Speaker 2: said no, no extra shipments of oil. Had been delayed

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Speaker 2: or canceled over the past week.

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Speaker 1: Now, Sean, if you want something completely different to listen

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Speaker 1: to today, something well away from Petrol and the Middle East,

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Speaker 1: Fear and Greed Q and a coming up after the

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Speaker 1: show today with our duringpathy from corn Ferry. Is a

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Speaker 1: really interesting chat.

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Speaker 2: It is, and I think we all need a bit

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Speaker 2: of a break from what's going on in the Middle East.

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Speaker 2: All about executive pay. How much is too much? How

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Speaker 2: should we judge executive pay? How much should people earn?

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Speaker 2: Is Elon Musks outrageous, hundreds of billions of dollars pay

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Speaker 2: too much? We talked to Al about that. It is

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Speaker 2: a fantastic chat.

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Speaker 1: Yeah, I love that Elon Musk even get to look

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Speaker 1: in on this one. It is really really good. It's

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Speaker 1: coming up a bit later on, but before that, plenty

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Speaker 1: is still to get through. We'll be back in a

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Speaker 1: moment with the rest of the day's business news shown.

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Speaker 1: The supply of housing across the country is rising, with

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Speaker 1: building approvals jumping thirty percent in February thanks to a

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Speaker 1: surge in units. Figures for units are notoriously volatile, and

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Speaker 1: so if you look at the trend, which Sean as

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Speaker 1: we know. The trend is our friend. Building approvals are

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Speaker 1: rising steadily.

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Speaker 2: Do you think you could be an economist later in life?

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Speaker 1: I think I'll just be one of those that, like

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Speaker 1: an informally trained one, one that's just absorbed at by

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Speaker 1: osmosis just by hanging around with you for so long

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Speaker 1: that I'm just going to start dropping these terms. The

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Speaker 1: trend is your friend.

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Speaker 2: In elastic you and the cook talk every Monday morning,

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Speaker 2: say you know you're almost there?

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Speaker 1: I would say I treat that as I treat that

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Speaker 1: as my personal economics tutorial every Monday. It is fantastic

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Speaker 1: getting to quiz him on all kinds of things. It

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Speaker 1: is just great.

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Speaker 2: You don't need a pete when you've got a personal

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Speaker 2: economist anyway. The last few months, approvals have Hobbard at

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Speaker 2: a level just under two hundred thousand units annually. That is,

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Speaker 2: of course below the government's housing a cord goal of

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Speaker 2: about two hundred and forty thousand units. Mind you, better

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Speaker 2: than where we were six months ago. With slowing population growth.

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Speaker 2: The current level is closer to balancing supply and demand.

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Speaker 2: That's good, but there is still a short form from

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Speaker 2: the boom in immigration in recent years approvals, of course

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Speaker 2: is the first part. You've then got to build those

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Speaker 2: houses and apartments and freestanding places, and unfortunately building completions

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Speaker 2: haven't started to pick up yet though they should. What's

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Speaker 2: all this meant for house prices, which we know have

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Speaker 2: come off of boil at least in New South Wales

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Speaker 2: and Victoria. More supply should keep a lid on prices,

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Speaker 2: as will hire registrates. Of course, still plenty of other

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Speaker 2: government incentives, things like the first time bioscheme, the helped

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Speaker 2: to buy schemes that's still fueling the market, particularly at

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Speaker 2: that bottom end.

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Speaker 1: Okay. The boss of Anthropic Sean, which is of course

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Speaker 1: one of the leading AI companies in the world, was

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Speaker 1: in Canbury yesterday visiting Prime Minister Anthony Alberanezi and Industry

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Speaker 1: Minister tim Airs. Dario ama Day signed a memorandum of

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Speaker 1: under standing in which Anthropic pledged to support the government's

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Speaker 1: framework on data centers and AI markers. The framework includes

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Speaker 1: the expectation that new data center projects add electricity supply,

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Speaker 1: essentially to cover their usage. Anthropic is also going to

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Speaker 1: share data from its Economic Index, which tracks how AI

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Speaker 1: is being used across the economy. That's really interesting stuff. Yeah.

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Speaker 2: It also commits Anthropic to sharing research on emerging model

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Speaker 2: capabilities and risks with Australia's AI Safety Institute, participating in

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Speaker 2: joint safety evaluations, and collaborating with Australian academic institutions. Now,

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Speaker 2: Dario amode is how do we describe it? And it's

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Speaker 2: almost like the Elon Musk equivalent in the AI world.

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Speaker 2: Maybe not quite, but there are an three big large

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Speaker 2: language model producers. Anthropic is one of those. Google is another,

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Speaker 2: and CHETTP or OpenAI is the third. So this person

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Speaker 2: matters the biggest issues close to your heart, copyright and

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Speaker 2: whether these large language models should get access free access

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Speaker 2: to copyrighted material. The argument is that now, of course

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Speaker 2: they shouldn't get access to copyrighted material. Anthropic and others say, well,

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Speaker 2: yet we should, because this is all just sort of

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Speaker 2: a macroeconomic discussion that didn't get much of a run

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Speaker 2: yesterday with the Prime Minister, or at least not publicly.

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Speaker 2: Anthropics also pretty famous. It's in illegal battle with the

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Speaker 2: Trump administration after refusing to allow its AI systems to

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Speaker 2: be used in autonomous weapons or mass domestic surveillance. So

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Speaker 2: that's that argument going on there.

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Speaker 1: Yeah, that copyright disputed is a big one. And Anthropic

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Speaker 1: has been involved in a very large payout to a

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Speaker 1: lot of authors and producers of work in the past

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Speaker 1: last year in the US, where it was billions of

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Speaker 1: dollars that was paid out to people whose works had

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Speaker 1: been absorbed into the large language for that. So very

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Speaker 1: interesting to see where that goes. Exciting to see though,

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Speaker 1: that there will be cooperational medical research as well, because

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Speaker 1: that is the kind of thing where there is just

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Speaker 1: so much potential when you have a company like Anthropic

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Speaker 1: working on this that the breakthroughs are limitless. Really is

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Speaker 1: quite exciting anyway. Donald Trump's top trade bureaucrat, Donald Trump's

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Speaker 1: top trade bureaucrat. That is a tongue twister, sure, and

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Speaker 1: say that ten times fast. It's both very boring and

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Speaker 1: also very challenging. But it says that Australia's unfair drug

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Speaker 1: pricing practices are undermining US innovation and has worn that

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Speaker 1: Labour's tax transparency push will harm big companies. He has

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Speaker 1: also raised the alarm about the unjust treatment of US

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Speaker 1: tech giants through content quotas and the social media ban

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Speaker 1: list of grievances. Of course, it's quite a long one,

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Speaker 1: but it's part of a compilation by the US Trade

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Speaker 1: Ambassador Jameson Greer for an annual report on foreign trade barriers.

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Speaker 2: They put together. The five hundred and thirty four page

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Speaker 2: report looks at every country and catalogs how US firms

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Speaker 2: are inhibited overseas. It's kind of an annual story, this one.

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Speaker 2: The report, what it does do really provides the ammunition

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Speaker 2: to the Trump administration, particularly around the PBS. Here in Australia,

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Speaker 2: Trump and the administration has repeatedly threatened to impose Harris

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Speaker 2: and pharmaceuticals that would hit Australian companies like CSL. The

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Speaker 2: focus in this year's report is on the way Australia

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Speaker 2: acts as a single buyer of prescription medicines and gate

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Speaker 2: keeps their inclusion on the subsidized Pharmaceutical Benefit scheme. That's

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Speaker 2: something that the Trump administration has never ever liked, and

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Speaker 2: it's getting another run.

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Speaker 1: Turning into international news now. The world's most populous nation, India,

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Speaker 1: has just kicked off a census that's one point four

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Speaker 1: billion people, hoping to count every single person in the

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Speaker 1: nation over a twelve month timeframe. It is the first

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Speaker 1: population in more than fifteen years. There are thirty three

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Speaker 1: questions it is. I'll just say it's quite a logistical

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Speaker 1: exercises in touch of an.

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Speaker 2: Understand the elections in the elections last year and the

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Speaker 2: sheer number of electoral officials that were required in order

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Speaker 2: to do it.

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Speaker 1: There are more than three million officials for the census.

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Speaker 1: They'll spend a year counting people. This is it's the

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Speaker 1: nation's sixteenth census, the eighth since independence in nineteen forty seven.

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Speaker 1: It is also going to include caste data and is

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Speaker 1: seen as crucial for policy welfared delivery, political representation as well.

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Speaker 1: In really a population one point four billion people, it

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Speaker 1: is just massive.

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Speaker 2: Yes, so the exercise will exercise will spend thirty six

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Speaker 2: states in federally ministered territories, seven thousand subdistricts, almost ten

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Speaker 2: thousand towns, nearly six hundred and forty thousand villages. Work

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Speaker 2: carried out by enumerators and supervisors. Do you know what

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Speaker 2: an enumerator is? I had no idea. I'd never seen

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Speaker 2: the word before in my life. Enumerator Yes, sorry.

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Speaker 1: Oh no, god, no you are it's going to make

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Speaker 1: me guess. It is someone who enumerates things that's right.

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Speaker 2: A data collector is an enumerator right anyway, A bunch

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Speaker 2: of enumerators and supervisors. Basically, they're like school teachers, government staff,

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Speaker 2: local officials. They'll be doing it now for the first time,

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Speaker 2: it'll be conducted digitally, so the enumerators will have mobile apps.

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Speaker 2: Some of the questions in the first phase this year,

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Speaker 2: So there's two phases. Does your house have a concrete

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Speaker 2: roof or a thatched one? What is your main cerial

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Speaker 2: something we all need to know. Do you have internet

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Speaker 2: access or just a basic mobile phone? How many married

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Speaker 2: couples live under your roof? The second phase is scheduled

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Speaker 2: for February next year. There'll be more about demographics, education, migration, fertility.

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Speaker 2: But what an extremely incredible effort to actually get around

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Speaker 2: to one point four billion people got.

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Speaker 1: In the data that is going to come out of that.

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Speaker 1: Oh God, you just have a field day kind of

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Speaker 1: mining through all of that. One last one to finish

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Speaker 1: this off, Sean, approximately twelve tons of the Formula one

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Speaker 1: KitKat chocolate bars have been stolen while transitting through Europe.

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Speaker 2: That is a.

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Speaker 1: Sentence I honestly thought I would never say a truck

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Speaker 1: carrying precisely, four hundred and thirteen thy seven hundred and

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Speaker 1: ninety three units of Kitkat's new chocolate range has gone missing,

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Speaker 1: having left Central Italy on a thirteen hundred kilometer journey

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Speaker 1: to Poland.

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Speaker 2: KitKat became F One's official chocolate bar last year, and

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Speaker 2: in January, Neslane the KitKat revealed the first ever chocolate

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Speaker 2: molded F one car so you could eat. It features

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Speaker 2: a smooth milk chocolate shell with embedded Crispy, Cereal and

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Speaker 2: Wayfer pieces, something to get really really excited about. Then

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Speaker 2: there was a second release of the release of the

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Speaker 2: second product, the F one KitKat Chunky. This is all according

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Speaker 2: to The New York Times. However, a whole shipment of

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Speaker 2: the F one chocolates have gone missing. So a statement

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Speaker 2: from KitKat said, I quite we have always We've always

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Speaker 2: encouraged people to have a break with KitKat, but it

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Speaker 2: seems thieves have taken the message too literally and made

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Speaker 2: a break with more than twelve tons of our chocolate.

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Speaker 2: Can quote. Investigations are going on. Apparently this is not

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Speaker 2: an isolated incident. So apparently chocolate theft is quite the

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Speaker 2: thing in Europe.

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Speaker 1: God, oh, that's a lot of chocolate to go missing

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Speaker 1: four hundred and thirteen thousand bars of it.

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Speaker 2: I mean it's easter, but still.

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Speaker 1: Yeah, yeah, yeah, imagine trying to kind of sell those

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Speaker 1: on the black market. If there is one for chocolate,

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Speaker 1: you walk into the pub and go, you want to

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Speaker 1: buy a couple of one hundred thousand KitKat? If one

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Speaker 1: kitd cat, that's right, gone dirt cheap, fell off the

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Speaker 1: back of a truck. Anyway, Sean, this is normally where

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Speaker 1: we would part ways. Not today. Throughout the last four

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Speaker 1: weeks or so, we've a bit of a special feature

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Speaker 1: running we have.

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Speaker 2: We've had the Fearing Greed Accelerated series with air Wallas,

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Speaker 2: where we have been exploring what it takes for businesses

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Speaker 2: to grow with our borders and why having a what

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Speaker 2: next mindset can be your competitive advantage. A Niche Sinha

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Speaker 2: is the co founder and chief operating officer at Upcover. Now.

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Speaker 2: Upcover aims to uppercovers aim is to bring business insurance

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Speaker 2: into the twenty first century. It's using air Wallas infrastructure

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Speaker 2: for its daily financial operations, including their global treasury and

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Speaker 2: payments products, as well as e FX and corporate cards.

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Speaker 2: A Niche Welcome to Fearing Greeds Accelerated Series.

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Speaker 3: Thanks Sean, thanks for having me give me the elevator pitch.

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Speaker 3: Explain Upcover absolutely. So you already mentioned we're bringing business

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Speaker 3: insurance into twenty first century. We work with sixty thousand

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Speaker 3: businesses across Australia and we are Australia's only additional insurance

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Speaker 3: platform for small businesses, which means businesses of all sheeps

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Speaker 3: and sizes can land themselves on Upcover and get themselves

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Speaker 3: sorted with insurance literally within minutes or even less than that. Yeah,

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Speaker 3: we're the fastest insurance experience for small businesses in Australia.

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Speaker 2: Okay, So you are in an industry dominated by incumbents,

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Speaker 2: many of them have been around four years for decades.

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Speaker 2: Shall we say hit starts deffinitely, but also legacies. How

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Speaker 2: can you do something better? How can you always think

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Speaker 2: about what's next to allow you to compete?

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Speaker 3: I think the way we differentiate ourselves is largely by

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Speaker 3: being as close to customers as possible. As I said,

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Speaker 3: we work with thousands of businesses. We have hundreds of

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Speaker 3: businesses contacting us every day. We have support windows and

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Speaker 3: we can respond to customer querias in real time. It

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Speaker 3: gives us an insight into what businesses want, and by

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Speaker 3: being close to the customer, we're able to take those

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Speaker 3: questions and queries and then get that back to the industry.

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Speaker 3: That also allows us to build a lot of the

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Speaker 3: automation workflow technology that needs to intermediate the interaction between

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Speaker 3: the customer I either business owner and the industry, and

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Speaker 3: that I believe has given us a lot of operating

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Speaker 3: edge as against the large incumberents or the ones who

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Speaker 3: are not as technology and techn hable.

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Speaker 2: Okay, so that kind of continual improvement almost which technology

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Speaker 2: is allowing. Have you come across an instance where you've

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Speaker 2: found your own product and perhaps thought, let's disrupt the

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Speaker 2: product or disrupt air pricing, disrupt distribution something, Rather you're

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Speaker 2: actually disrupting yourself to make your business work even better.

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Speaker 3: Yeah, I mean, like with everything, as with everything with AI,

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Speaker 3: we were largely building the pipes that were allowing us

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Speaker 3: to collect connect the products that the industry has and

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Speaker 3: expose them out to the business owners so that the

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Speaker 3: business owners could get themselves insurance, get themselves the right

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Speaker 3: sort of coverage. We realize that with AI we've been

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Speaker 3: able to speed up that process significantly, so we no

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Speaker 3: longer need to build APIs. We can essentially build agents

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Speaker 3: that can interact with the customer, capture the information, take

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Speaker 3: that back to the industry, reducing the cycle time it

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Speaker 3: takes for us to deliver a quote to a customer.

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Speaker 3: So if you're a complex business, a large business, one

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Speaker 3: that has probably fifty one hundred, two hundred employees, your

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Speaker 3: insurance worker would typically take a month to get back

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Speaker 3: to you, we'd be able to sort out the coverage

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Speaker 3: for you within a couple of days.

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Speaker 2: Stops wow, And so this kind of continues improvement lot

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Speaker 2: of guys, is the why I'm putting it. You know,

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Speaker 2: as your business grows, as processes inevitably become more complex,

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Speaker 2: how can you assure that you can keep doing what

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Speaker 2: you're doing Because it's kind of like how to do

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Speaker 2: when you're small, it's harder to do it and you're bigger.

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Speaker 3: Well, I think we're a product first company, So even

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Speaker 3: though we exist within the insurance industry, we've always thought

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Speaker 3: of ourselves as a tech platform, one that has a

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Speaker 3: financial services license. So we apply that the technology lens.

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Speaker 3: What's happening in AI, what's happening with the latest and

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Speaker 3: greatest that's available to any other software company. We apply

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Speaker 3: those principles and we try and take those and we

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Speaker 3: applied within a regulated industry to get to the customer

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Speaker 3: outcome that we want, which is a seamless buying journey

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Speaker 3: that's speeded up by technology, so the customers are not

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Speaker 3: waiting on their brokers to get a quote to get

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Speaker 3: themselves the right sort of cover. We are able to

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Speaker 3: get that to them as quickly as possible.

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Speaker 2: Okay, So looking ahead three to five years, what's the

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Speaker 2: next convention in insurance or in particularly small business insurance

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Speaker 2: that you think can be broken? And what does it

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Speaker 2: mean of you, guys of upcover. What do you need

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Speaker 2: to do to achieve it?

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Speaker 3: Yeah, so it's a good question. I mean, ninety percent

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Speaker 3: of all commercial insurance sold within Australia and even globally

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Speaker 3: is intermediated by brokers who use emails, form fills, PDFs

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Speaker 3: largely to take the information from the customer and take

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Speaker 3: it back to the industry and then get a quote

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Speaker 3: from them. And that cycle time, as I already mentioned,

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Speaker 3: can sometimes stretch into four weeks. We've been able to

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Speaker 3: reduce that cycle time by building our own primitives that

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Speaker 3: allow us to capture the information more efficiently, and so

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Speaker 3: by the application of AI, we are able to go

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Speaker 3: from unstructured data, which is customer conversation setting in a

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Speaker 3: call transcript in their existing insurance forms to the insurer

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Speaker 3: and back in record time. And so what that means

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Speaker 3: for the customer is a faster turnaround and for the

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Speaker 3: industry it means submission that's more structured so they can

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Speaker 3: analyze the risk and they can price it better. Ultimately,

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Speaker 3: it's a win win for both sides of the market.

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Speaker 2: Fantastic mis Thank you for joining the Accelerator series.

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Speaker 3: Thanks for having me.

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Speaker 2: Sean that was a niche sinner co founder and CEO

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Speaker 2: at Upcover. I'm Seanailman and this is the Accelerator Series

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Speaker 2: brought to you by air Wallox. Build the Future is

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Speaker 2: it air wolls dot com to find out more