Tuesday, October 31 | 12:15 PM – 4:45 PM
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Why harmonizing sustainability?
Well, it is because it is not just about commercial lines. It is also about protecting societies.
“In a world where resources are finite and challenges are interlinked, C-suite executives must embrace sustainability as a harmonious symphony of human, social, economic, and environmental needs.
In doing so, they build organizations that deliver enduring value for all stakeholders and contribute to the collective resilience of our global community.”
The term sustainability is broadly used to indicate programs, initiatives and actions aimed at preserving a particular resource and driving the resilience of others.
Join the teams from Alchemy Crew, Sønr, along with key partners for a Think Tank where we will understand and discuss business model disruption in both Commercial Lines and Life & Health:
- The critical future trends influencing and shaping each sector
- The key considerations for sustainable business model enhancements
Our aim: It is to frame (or re-frame) perspectives on this critical topic for the “Future of The Insurance Industry” ahead of the ITC Las Vegas 2023 conference, on 31st October. This will include how sustainability-related practices, expectations and considerations are and should be deployed by enterprises.
To do this, we will welcome the opinion and experiences from growth ventures, investors, insurers, reinsurers and brokers across two focused sessions:
1. Commercial Lines
- Digital contracts – portfolio management, data & dynamic underwriting
- The Future of parameterized insurance through a study on the future of parametric
2. Life & Health
- Sustainable ML – developing a flexible operational foundation while embracing Gen AI practices
- Continual risk assessment – a shift from periodic to dynamic understanding of risk
- Transforming transactional claims models – creating the tech stack of the future
What to expect at the ITC Vegas workstreams on October 31
1. Data Quality & Accuracy
When we talk about data to address emerging P&C, life and health risks caused by environmental events and movements in population, reinsurers and insurers seek data sets able to augment the accuracy of predictions and enhance the speed and quality of decision-making.
2. Dynamic Risk & Underwriting
Risk management and underwriting practices are evolving to become more relevant at the moment an event occurs. Re/insurers know that they can differentiate through their underwriting practices by making them more real-time. How can we make risk evaluation practices more dynamic. Still, human supervised.
3. Circular Business Models & Monetization
The insurance model, as many other business models, are evolving to accept the usage of more responsive circular and on- demand approaches. Within more sophisticated insurance lines, those remain few, because of the complexity of specific lines of business. Still, the opportunity remains significant.
Venue — Mandalay Bay, Las Vegas
ITC Vegas will be held at Mandalay Bay, Las Vegas, Tuesday, October 31 – Thursday, November 2, 2023.
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