BIG DATA IN INSURANCE WEBINAR

A simple Google search for 'big data definition' returns over 70M hits in less than one second, and only one definition appears more than once among the first dozen hits. Is the fact that this volume and variety can be accessed with such velocity a testament to the democratization of data, or is the lack of clear veracity for any one definition a sign of revolution to come? Will insurance uses of big data be decided by insurance professionals like actuaries or regulators, or will consumers be the ultimate decision makers of how their data is used in insurance and beyond? In this session we use case studies to examine issues and stories surrounding big data in insurance, with a focus on regulation and governance issues. We also reflect on various solutions under discussion at both the national and state level to address big data and how actuaries can help decide its future.
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OTHER ON-DEMAND WEBINARS

Autonomous Transportation and How It's Changing Your Company’s Liabilities & Insurance Coverage

Lexology

What you need to know about corporate liability from autonomy. How employee use of drones and autonomous vehicles is shifting the liability framework in the United States. What happens when companies start to use autonomous delivery vehicles or autonomous drone inspection vehicles .
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Transforming Finance & Operations in Insurance

For the last six months, the insurance industry has faced significant economic volatility whilst implementing major regulatory changes such as IFRS17 and adapting the operating model to a fast-changing digital world. Join Anaplan and Deloitte experts for an insurance panel discussion and learn from finance and operations executives: how the pandemic has affected their operating model and digital transformation programs how finance and operations are revisiting priorities and adapting their planning and performance management processes how modern planning technology can help navigate current uncertainties and support resiliency
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Insuring Toys and Collectibles

niia

Unless you collect the same item or have an interest in the same hobby as an insured, you may be asked to insure items about which you have little first-hand knowledge. Every homeowners policy has limitations that apply to certain classes of personal property and liability arising out of activities in which an insured may be involved. Examine the difference in valuation methods based on Actual Cash Value, Replacement Cost, and Agreed Value. Evaluate significant differences in the level of protection for owned versus non-owned motorized "toys" under a homeowners policy. Examine how a personal umbrella policy can help fill in the potential coverage gaps.
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Collaborating to build Bespoke Cyber Insurance Products: Allianz, USI & Lockton

iibcouncil.org

Cyber-crime is not new, but as the methods of nefarious actors have become more sophisticated, the defensive capabilities of organizations have failed to keep pace. Cyber-attacks on organizations show no signs of abating, they are becoming increasingly indiscriminate in their targeting, with small and medium sized firms now as vulnerable as their larger counterparts. A recent report by Hiscox brings the scale of the problem into sharp relief as according to the study, cyber-attacks against organizations have surged from 38% to 53% in the last 12 months. Despite this surge, however, recent figures show that 68% of North American businesses have yet to purchase any form of cyber insurance.
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