Former investment banker and entrepreneur.
Caspar had a successful career as a bond strategist at Dresdner Bank, since when he has been an entrepreneur, involved in a number of start-ups spanning sectors including real estate, cosmetics and marketing in various territories.
Caspar co-founded VUW with Chris during 2021.
Interview with CASPAR MURPHY, February 2024
(Ref. Interviews VUW.mov 01:43 – 04:21)
Obviously, I’m a co founder of V underwriting and the idea essentially, was to draw upon my experience as a banker, an entrepreneur, of bringing together the right team, the finance and the technological platform, to be able to deliver the service and to deliver this business. And as a lot of people will recognize, within entrepreneurship everything is about execution and getting the business up, started and across the line and delivering them the results – for the insurers.
So the future of virtual underwriting is rosy, it’s great. It’s clearly going to be a very fundamental change to the nature of insurance, the way bond and markets transact. It is an opportunity for insurers, for brokers, for the industry to deliver a quicker, faster, better service. And with greater profitability, greater consistency and greater predictive power so that the carriers are able to understand where they are within the claims journey.
The opportunity of virtual underwriting is to deliver better returns for carriers with more consistent underwriting results.
What’s the advantage to the brokers?
The advantage to the brokers is there will be much less rekeying. They can transact more rapidly and there should be less risk of having a part of a slip or a part of a schedule of values which has not been understood by the insurer, and that everybody is aware of what is being underwritten.
It should also be a faster journey time with quicker turnaround and better opportunity for the brokers to serve their clients.
Related Teams
A friendship spanning 30 years between co-founders Caspar Murphy and Christopher Leglu led them to explore an emerging business model for insurance in 2021. Insurance executives at the top of their game in London saw this as a long-awaited opportunity to change the insurance market for the better. Together, we created VUW: a market leading, virtual underwriting platform.
