Evolution of UBI and Telematics in Insurance

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.

This is the third edition of CQCS insurtech event, the expectation is to have more than 100 supporters and more than 1500 participants this year. Brokers, regulatory agencies, insurance companies, insurtechs, investors, technology service providers and insurance entrepreneurs from all over the world are welcome to attend the event.

An improving economy and rising interest rates are helping bolster insurer bottom lines. But the industry still faces plenty of opportunities and threats in the year ahead, including economic, cultural, regulatory, and technological. We'll discuss: Growth prospects and potential speed bumps in property, casualty, life insurance, and annuities. New oversight hurdles emerging globally in market conduct, privacy, and cyber risk management. Options for reinventing product development, talent, and automation.

Artificial Intelligence can transform any industry, as it yields numerous benefits apart from time and cost reduction. Application of AI in the insurance industry is changing the way companies do business. Each of AIs multi-facets, i.e., Robotic Process Automation(RPA), chatbots, Machine Learning have an impact in the insurance field. Industry leaders believe AI will transform the insurance landscape from customer behaviour and satisfaction to reinventing products and services.