Analytics for Insurance

02/10/2017

Analytics for Insurance 

Actuaries have established over a century’s worth of statistical models and best practice which have proved instrumental in shaping the insurance business model and packaging risk as a commercial product. However, the disruption brought on by technology and computing has resulted in an accumulation of data which can expand the remit of analytics beyond actuarial science to better enable underwriting, risk management, optimize customer personalization and enterprise wide decision-making. But shifting the cultural mind-set and overcoming legacy systems inherently associated with this industry is by no means an easy feat.

The Analytics for Insurance Focus Day will bring together analytics leaders from this industry to share best practices and demonstrate how analytics is revolutionizing the insurance business model.

7.55am- 8.55am

Breakfast Roundtable: Advanced Analytics for Actuaries

For Actuaries an analytical mind-set has been one of the core skills needed to succeed, leveraging advanced statistical models and aggregation models to calculate risk for underwriting. However, with advances made in technology, data science and the granularity which can be provided to personalize pricing, underwriting and claims, how can Actuaries leverage this information to… Read more.

Speaking
Simon Gao
Corporate VP, Head of Data & Analytics - New York Life Insurance
Atul Kapoor
Director, Risk Analytics Modeling Strategy - Genworth Financial

8.55am- 9.10am

Chair’s Welcome & Opening Remarks

Speaking
Vishwa Kolla
AVP, Head of Advanced Analytics - John Hancock Insurance

9.10am- 9.40am

Keynote Presentation: Measuring the impact of mature analytics on the fundamental Insurance business model

There remain many case studies and use cases of analytics within insurance but what ultimate effect will this have on today’s traditional model of insurance? Defining the road-map, including the capabilities needed to succeed in the insurance model of tomorrow. Evaluate trends in analytics-as-a-service and discuss the importance of analytics in driving new products/services within… Read more.

Speaking
Kimberly Holmes
SVP, Strategic Analytics - XL Catlin

9.40am- 10.10am

Keynote Presentation: Analytics adoption: realizing the promise of analytics in an increasingly complex data environment

The expansion of the data universe through the co-evolution of technologies Enabling a return to customer centricity at scale through analytics Turning customer insights into interpretable and actionable intelligence

Speaking
David Bassi
Executive Director - EY

10.10am- 10.40am

Panel Discussion: Analytics innovation – an enabler to challenge and disrupt the traditional insurance model

Challenging information asymmetry regarding analytics and aligning key business stakeholders, including Data Scientists and Actuaries. Evaluate how to establish the business benefits of analytics in supporting all areas of the business including underwriting, product management, claims and actuarial. Potential to disrupt operational efficiency, product innovation and customer relationship.

Speaking
Vishwa Kolla
AVP, Head of Advanced Analytics - John Hancock Insurance
Wei Fu
VP, Predictive Analytics - Mapfre Insurance
Justin VanOpdorp
SVP, Chief Analytics Officer - Lockton Companies
Gina Papush
Chief Analytics and Data Officer - QBE Insurance
Pete Bothwell
Former VP, Data Science - Hartford (Retired)

11.10am- 11.40am

Keynote Presentation: Positioning your business in the “Age of Innovation” and managing the insurtech boom

How can you engage with the Insurtech community and what are the major risks? Lessons learned from the AIG Canada Innovation Challenge. How to align internal engagement and innovation. Results from AIG Canada’s Innovation Challenge – reviewing the finalists and what made them stand out.

Speaking

11.40am- 12.10pm

Keynote Presentation: Using a data catalog to lift your data out of the fog

Before you can execute any data-oriented project, you must know what data you have and where it is located. Find out how to lift the data fog so business users can convert data into actionable business intelligence. Learn how Waterline Data insurance customers use a data catalog to make their data known and accessible, while… Read more.

Speaking
Todd Goldman
Chief Marketing & Strategy Officer - Waterline Data

12.10am- 12.40am

Keynote Presentation: Building an analytics roadmap in the “Big Data era”

Roadmap is based on an analytics vision for the future and the benefit of knowing what analytics to prioritize. How to integrate a flexible technology solution to support an analytics vision. Roadmap phases should not stop ongoing initiatives, rather provide a methodical approach to transforming the analytics culture. Roadmap implementation should be consistently re-visited as… Read more.

Speaking
Simon Gao
Corporate VP, Head of Data & Analytics - New York Life Insurance

12.40pm- 1.10pm

Panel Discussion: The opportunities and challenges for compliance and consumer insights

What are the regulatory concerns with the use of big data analytics and new technologies within insurance. How are regulators looking at them? Utilizing analytics to improve marketing outcomes through consumer granularity and micro-segmentation. Third party data, pitfalls and how did you go through the journey? How do you align your strategy across state-to-state regulation… Read more.

Speaking
Vishwa Kolla
AVP, Head of Advanced Analytics - John Hancock Insurance
Chris Wolland
SVP, Business Intelligence & Analytics - Hiscox USA
Aaron Brandenburg
Economist & Statistical Information Manager - NAIC
Guru Rao
Chief Analytics & Data Officer - FBAlliance Insurance Company

2.10am- 2.40pm

Keynote Presentation: Optimizing Data Science and actuarial practices for underwriting & pricing

Evolving the traditional means for underwriting and embracing a technological, data-driven approach for greater granularity. Examine how to position actuaries and data scientists to optimize underwriting activities. Opportunities for predictive and prescriptive analytics to better improve efficiency and effectiveness of underwriting operations.

Speaking

2.40am- 3.10am

Keynote Presentation: Hidden treasures – from ‘Dark Data’ to insights

Do you have valuable data to create an effective analytics programme? Is the data ready to use? How can you demonstrate potential ROI of dark data initiatives and subsequent securing of investment. Shifting from reactive to proactive! Is your data fit for purpose?

Speaking
Guru Rao
Chief Analytics & Data Officer - FBAlliance Insurance Company

3.10pm- 3.40pm

Keynote Presentation: Defining the vision forward and leveraging Data Science to improve claims decision-making

Understand the potential of data science in improving claims process efficiency by shortening claims cycles and intervening at key decision points. Assessing the power of data science in better minimizing the impact of macro-pressures on claims and maximizing reserve management. Evaluating the challenges in data collection in a world of increasing data availability. Review crossover… Read more.

Speaking
Bryan Falchuk
Executive VP, Head of Claims - Hiscox USA

4.10pm- 4.40pm

Keynote Presentation: Strategies for attracting, retaining and nurturing analytical talent into insurance

Evaluating the characteristics needed to develop a successful analytics team in insurance. Examining the skills marketplace. What can be done to remain competitive and ensure analytics professionals are interested in joining insurance?

Speaking
Eugene Wen
VP, Group Advanced Analytics - Manulife

4.40pm- 5.10pm

Keynote Presentation: How cloud analytics will transform the insurance business

A comprehensive review of the emerging trends in cloud data analytics and cognitive computing and opportunities to offer deeper insights into fast-changing customer behavior and market patterns. Discuss the architecture needed today to need to succeed in a cloud-based future. Assess the implication of cloud analytics on traditional insurance models and overcoming legacy systems.

Speaking
Ashish Kohad
AVP, Predictive Analytics - Zurich North America

5.10pm- 5.40pm

Panel Discussion: Building your analytical capability in support of IoT – Future predictions & present preparation

Provide a platform of discourse for a holistic creative discussion on how analytics can capitalize on the wave of IoT disruption in the insurance value chain. Assess the varied effects on different lines of insurance, including P&C, Life and Motor Insurance. Learning to walk before you run –what preparations can be made now to leverage… Read more.

Speaking
Vishwa Kolla
AVP, Head of Advanced Analytics - John Hancock Insurance
Craig Copland
SVP, Digital Catalyst, IoT - Swiss Re
Ashish Kohad
AVP, Predictive Analytics - Zurich North America

5.40pm- 7.00pm

Drinks Reception