AI has become more and more popular within the financial industry, and many insurers have started out on their AI journey. We will talk about some of the worries around delegating decisions to machines, and how to overcome some of these challenges.
The challenges faced at the moment given the global pandemic is causing actuarial teams to change their operating models significantly. How ready have we been for this change and what issues have we been experiencing?
Explainable Machine Learning Machine learning techniques have become more and more popular within the financial industry mainly because of the potential to capture complex interactions from data the potential for better predictive models than traditional statistical models the ability to capture non-linear interactions within a range of inputs
A huge increase in data generation, data capture and data storage combined with significantly increased computing power is providing insurers with a unique opportunity to re-evaluate the value that their data can provide; and the technologies available to do that.
We explore opportunities created by new Insurtech innovations as well as look at how companies are responding.Insurers have the opportunity to optimise their processes and create new sources of revenue by rethinking their traditional business models with the use of modern day technologies.
IFRS17 has been deferred by another year.... The IASB decided that IFRS 17 will come into force on January 1, 2023. Join our webinar as we look at what this means for insurers. We will look back at recent progress made on IFRS 17 implementation by insurers. We will also look at the opportunities available to insurers to make the most of the extra year.
Methods used in non-life pricing are evolving at a fast pace and more advanced actuarial and statistical techniques are being used in pricing, competition analysis and profitability analysis.
How can life insurers address low persistency? How can data and analytics help? Join our webinar on Friday 12 March 12pm as we discuss how the full cycle of actuarial analysis is evolving
A huge increase in data generation, data capture and data storage combined with significantly increased computing power is providing insurers with a unique opportunity to re-evaluate the value that their data can provide.
Improvements in computational power has given rise to the use of data science and artificial intelligence techniques in a wide variety of areas, including finance, driverless cars, image detection, speech recognition etc. This is directly impacting business practices within the financial services through its application within banking, insurance and asset management.
In the current economic climate, insurers need to improve their processes continually – making them more efficient and cost-effective while maintaining the agility to deal with new requirements. At the same time, technological change is providing new ways of achieving these objectives. In particular, the term ‘robotics’ appears to be used everywhere, and it is important to grasp the impact and potential use of these new technologies.
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