Wednesday 22nd April 2020 12PM BST
In light of the current situation regarding COVID-19 and government regulations preventing indoor gatherings, now is the perfect time to engage virtually to help maintain a sense of community whilst developing your learning during these challenging and uncertain times.
This event will 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.
Key topics that will be discussed:
How are actuarial and finance functions adapting in the new digitally driven environment?
An update on the changing technology landscape given recent and current economic, pandemic, regulatory, statutory, operational and legal pressures:
Learn about the latest research in this field
Leave with an understanding of what digital technologies are and how developments are impacting the insurance industry from a finance and actuarial perspective
Appreciate the impact these developments could have on the finance and actuarial function of the future
Understand where organisations and individuals may need to change to benefit from the advances
Impact on the workforce
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.
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.
Listen to Valerie du Preez, founder and Managing Director of Actuartech, on the panel for Legerity's IFRS 17 webinar discussing, "Can IFRS17 help deliver digital transformation?".
In a world of high volume and varied datasets, data science techniques can add valuable tools to an actuary’s toolkit to provide actionable insights from data.
Sophisticated machine learning models have the potential for high predictive accuracy but their complexity may sometimes result in black box models, which, in some cases, may appear to be a trade-off between accuracy and interpretability.
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