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Certain topics cannot be covered in one session. That is certainly the case with embedded insurance. For many the topic is largely hypothetical, but certain insurtechs have taken embedded from theoretically possible to forming the foundation of a thriving business. Those leading the way will take the stage to discuss not only what it took to overcome traditional thinking but to create a vibrant product factory supporting multiple lines of business.
Power of Contributed Data and Democratized Information Exchange
For as long as the industry has operated, insurance risk data has been siloed and protected. P&C insurance carriers, reinsurers, and brokers are now reconsidering this firm-centric approach to data management. The benefit from AI technology comes only after the consumption of massive amounts of data. Other industries like financial service and transportation rely on contributed and shared data models to drive better outcomes for all. How can the property and casualty insurance industry apply more democratized and shared information exchange to improve financial performance for all? Hear experts from Travelers, Verisk, Safekeep, and Groundspeed share best practices, concepts, and outcomes.
SVP, Business Insurance Business Capabilities Office
Making Big Data Actionable for Even Bigger Returns
There has been a cambrian explosion of not just new data types but the amount of new data produced. Take video. YouTube alone sees more than one billion hours of video consumed… each day. How many pages of written information are there locked away that are now being unlocked? The list of what companies can access now which they couldn’t before is arguably overwhelming. Said another way, big data is almost too big. The challenge now is not just what data matters but how to make these new sources of data truly actionable. If done properly, big data isn’t just a buzzword. It is a sustainable competitive advantage.