AI is set to be the game changer in the insurance industry
The industry is poised for a paradigm shift as AI is set to drive all facets of the insurance process
Amazing Partners & Sponsors
Agenda
27 August 2021 (8.45 am to 12.30 pm CT)
08:45 am | Aganda 1Introduction of Speakers-by Nitin Naveen, Vice president-Innovation Strategy, AICorespot |
09:00 am | Aganda 2AI in P&C Insurance rating and underwriting-by Somil Jain, Vice President and Consulting Actuary, Lewis & Ellis+ There is a lot of buzz in property/casualty insurance around the use of Data Science (DS), Machine Learning (ML) and Artificial Intelligence (AI). There are numerous InsurTechs that are advertising the use of these advanced statistical techniques as what separates them from the old-school carriers. Many well-established traditional carriers are joining the movement too. There is another movement that is working towards more transparency in insurance pricing. The use of key variables is being questioned by regulators as well as watchdog groups. But do insurance providers or the people trying to police them truly understand what DS, ML and AI mean? What are they used for and what do these algorithms do? It is getting increasingly harder to separate what’s real and what is just hype. In this discussion, Somil will share his perspective on the need for AI/ML/DS in P&C Insurance, the current state of the market and what the future holds for our industry. |
09:20 am | Aganda 3Case study of the application of AI to change the flood insurance industry.by Jim Albert, Chairman and Co-Founder Neptune Flood+ In this session, Jim Albert, co-founder and Chairman of insurtech Neptune Flood, shares the key decisions and innovations that transformed an insurance quoting process that took over 1-hour to under two minutes – with better underwriting results. Neptune, an AI-driven flood insurer, has a 331% CAGR over the past 4 years, and is now the largest private residential flood insurer in the US. Hear about the industry-leading outcomes created by the application of AI, how to stay ahead with ongoing innovation, and where the next wave of AI advances will be occurring. |
09:40 am | Aganda 3AI Is What Will Fix Healthcare. Are We Ready? Are We Ever?.by Leslie Slay, Sr. Vice President, Partner – Employee Benefits, Woodruff Sawyer+
|
10:00 am | Aganda 6Real-world AI Applications in Life Insurance.by Ben Lu, AVP, AI and Data Science, Penn Mutual+
|
10:20 am | Aganda 8Break |
10:30 am | Aganda 7What will be the future of AI for Insurance SectorPanel Discussion– Robert Eaton, Principal & Consulting Actuary, Milliman (Moderator)– Misha Bleymaier-Farrish, Founder, Etymology Consulting– Harikrishnan Pillai, AVP, Data Analytics & Insights, Business Delivery, Connect Advice, Sun Life– Mihaela Capra, AVP, Digital Innovation, Sun Life– Alexander Bykovsky, Director, The Doctors Company.– Peter Nadel, Manager, Corporate Insurance, FirstEnergy |
11:30 am | Aganda 6Automotive Industry and Artificial Intelligence.by Atul Vohra, Chief Marketing Officer, Solera + During this brief discussion on the future of AI in the automotive collision industry, Atul will be talking about how innovative the collision industry has become over the last few years using technology, the impacts that covid-19 has had the mindset of consumers, insurers, and bodyshop businesses, and most importantly where artificial intelligence is taking the collision industry today and into the future. |
11:50 am | Aganda 3Lighting Talkby Katherine Minami, Vice President, NFP |
12:10 pm | Aganda 3AI in automotive & mobility insurance – a global reinsurer’s perspective and applicationsby Dietrich Och, Senior Technology & Business Leader, Swiss Re+
|