On this episode of FNO InsureTech, hosts Rob Beller and Lee Boyd sit down with Nic Sproul, Managing Partner at SP Partners and long time innovator at the intersection of engineering, technology, and insurance. From Silicon Valley’s semiconductor labs to the Lloyds of London marketplace, Nic brings a rare blend of technical depth and industry insight to the world of property claims and emerging risk.

Nic shares his unconventional journey, beginning with a mechanical engineering apprenticeship and two decades in the silicon chip industry. He later moved into insurance, scaling a UK property claims management firm and leading it through an exit to Arthur J. Gallagher. His engineering mindset shaped a career built around one theme: solving real problems with clarity, precision, and systems thinking. That approach now guides his work with early stage InsurTech companies and helps carriers adopt technology that actually moves the needle.

In this conversation, Nic explores his role supporting PFAS Risk, the team behind Europe’s first PFAS liability model selected for Lloyds Lab Cohort 15. He explains why forever chemicals represent one of the most important emerging environmental risks for the global insurance market, and how blending environmental expertise with advanced data and modeling can help the industry prepare for a challenge that is only beginning to surface.

Nic also highlights several cutting edge initiatives he is involved with, including satellite driven subsidence detection and AI powered tools for property claims. He describes how more affordable, higher resolution satellite imagery is creating opportunities to assess structural movement in weeks rather than months, and why accuracy and speed are essential for both customer outcomes and carrier efficiency.

The episode also shines a light on Nic’s work with I Love Claims, one of Europes leading claims focused collaboration platforms. He shares how the organization grew into a central hub for insurers, suppliers, MGAs, and technology partners to openly discuss challenges, share insights, and support progress across the industry.

Throughout the discussion, Nic offers clear reflections on innovation in insurance, why some ideas gain traction while others do not, and how to guide startups toward solving real, high frequency problems. From his early digital twin predictions to his current work inside Lloyds Lab, Nic provides a grounded perspective on how technology, data, and human expertise can shape the future of claims.

By the end of this episode, listeners will understand how Nic’s engineering influenced approach is helping shape some of Europes most forward looking initiatives, and why collaboration, clarity of purpose, and problem first innovation are essential for meaningful progress in the insurance ecosystem.

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