Data science in insurance: leveraging privacy-preserving synthetic data

Engaged Customers are generally happy customers. Are your customers engaged?The most engaged small business and personal lines customers are often ones carriers no longer want to retain because they had a loss and now cost money. This policyholder dilemma creates a distinctive opportunity for the insurance industry to provide value in a way that has long been a challenge for smaller accounts, before a loss occurs. Cyber risks now provide unique opportunities for insurance providers to own the conversation and provide cost-effective solutions to help engage this group of customers.

Digitizing your global contracts is challenging. But when done right, the benefits are bountiful.View this on-demand webinar, Streamlining Global Contracts at Chubb Insurance, to learn how the company digitized a complex IT contracts process spanning North America, Europe, Asia, and Latin America to achieve:

Almost two years on from the start of the pandemic, this panel discusses crucial questions about the state of our sector, the challenges it faces and the ongoing opportunities to rebuild consumer trust and support the efforts in building back from the crisis. Panellists examine how far the industry has progressed in its efforts to tackle the reputation issues that came to the forefront during the crisis, as well as considering our role in supporting the economic recovery, particularly against the backdrop of net zero targets and the green finance agenda.

There are significant changes ahead for the UK data landscape, its legal framework, and its regulatory regime. The UK Government has launched its National Data Strategy and made proposals for a new direction for data while the FCA is investing more than £120m over three years to become a data-led regulator. The CMA, the ICO and Ofcom are working together in the Digital Regulatory Cooperation Forum on their approach to digital and online services to support regulatory coordination.