September 2020 Newsletter

Insights
Author
Valerie Du Preez
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Actuartech September Newsletter


In this newsletter...

Previous webinars available on demand

For more information about any of the above please contact us

Live Webinar Friday 25 September 12 PM

The Impacts of Insurtech: Image, Video and Audio applications

Please join us on Friday 25th September at 12 PM BST for another virtual event where we will continue to explore opportunities created by new Insurtech innovations as well as look at how companies are responding.

Insurers have the opportunity to utilise new sources of data and associated technologies and utilise these technologies and other Insurtech innovations to drive better pricing decisions, managing claim costs and reducing operating expenses.

We will discuss a brief history of Insurtech and how it is likely to develop in the future. Also in this webinar, we will explore the application of image, video and audio in the financial services industry and in insurance.

Speakers include Ed Plowman, Experienced international GI actuary, Hugo Clugston, Head of Portfolio Management and Business Planning at Talbot Underwriting Ltd and Cherry Chan., Partner at Barnett Waddingham LLP.  The webinar will be facilitated by Valerie du Preez, Founder and Managing Director at Dupro & Actuartech.

Register Now

On-demand WebinarCOVID-19: Operational Resilience Lessons Learnt: Insurance

As a result of COVID-19, the insurance industry is being affected through the combination of lockdown measures, changing product demand, increased mortality, health & event cancellation claims, & volatile financial markets, among others.

With hindsight, the UK regulators’ focus on operational resilience, as opposed to simple disaster recovery planning, has thus proven to be prescient. It seems likely that regulators will expect firms to report – in some form or other – on their takeaways from the pandemic experience.

In this webinar discussion, we speak with Cresendo Advisors to obtain input on the findings from their Lessons Learnt Operational Resilience benchmarking study.

Crescendo Advisors conducted structured interviews with a selection of risk professionals from insurance firms to understand the impact that Covid-19 has had on their firms & to assess how they responded, what they did well, what lessons they learned, & changes they anticipate as a result of the pandemic experience.

We explored among other:

- The impacts on insurance businesses’ operations
- After the pandemic experience, what regulators are likely to expect from firms
- The challenges that new world of working from home will pose for the design, implementation and documentation of an appropriate functional control environment; and
- The likely change the cost-benefit dynamic of outsourcing / off-shoring so that many firms could find it beneficial & desirable to bring activities back in-house.

Webinar Speakers included: Isaac Alfon Founder & Managing Director at Crescendo Advisors, Shirley Beglinger Advisory Board Member at Crescendo Advisors, & Helio Correa Head of Risk & Compliance at NHBC (participated in the research that will be discussed).
Register Now

Evolving Role of the Actuary Key Findings paper 'now' available

Actuartech and Montoux have partnered on a content series that digs into the heart of what the modern actuary looks like, the challenges and opportunities facing the profession today, and what the actuaries of tomorrow could look like.

We’re excited to share with you the preliminary results from the ongoing survey ahead of our in-depth industry study, which will be published later this year. These preliminary findings include responses from 70 respondents from around the world.

“There have been multiple technology driven changes that have helped us automate various repetitive tasks, thus leaving quality time to be spent on analysis and helping with an organisation’s strategic decision making.” Survey Respondent

By investigating the evolving role of the actuary, we wanted to better understand the value actuaries add within their roles today.

Respondents commented on the importance and value-add of their technical and professional expertise coupled with their foundational analytical skill set, which is increasingly finding new influence and credibility within organisational strategy and decision making. As companies accelerate and diversify how they use data and incorporate more sophisticated analytical techniques, actuaries have found themselves as a logical resource to rely on when companies make strategic decisions.

Read more of our preliminary findings here ....



We are still accepting responses in our survey on the role of the actuary here


Available on-demand



Listen to our recent webinars on-demand here: Exploring Ethics & AI within Financial Service | Interpretable Machine Learning


We are the home of actuarial technology for insight, training and networking

Actuartech provides leading insights and research on the topic of actuarial technology.

We take technology and data science beyond the theoretical and can uncover, and explain, in simple to understand language the impact it will have and the problems we are trying to solve and ultimately what value it will bring to the organisation. We cut through the noise and bring you the simple, easy to understand insight and practical examples.

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info@actuartech.com.



Actuartech wants to hear from you!

We would love to hear your thoughts on our newsletter and the articles featured and any suggestions you may have for next month.

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You can email us or visit our website to learn more about Actuartech and access our unique database of vendors for specific technology solutions.

We look forward to hearing from you and thank you for reading.

Copyright © *Actuartech, September 2020*



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