Strategic Priorities for 2019: Securing a Spot in the Future of 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.

As organizations increasingly rely on technology tools to run more efficient business operations, are they thinking strategically about the real possibility of their tools and associated data disappearing without a trace? What about the long term impact of such an event on revenue, or for their customers? Modern reliance on technology brings with it new exposures to risk that demand thoughtful foresight, planning and risk management.

The insurance space is becoming increasingly competitive due to tech-driven change and customer expectations for more personalized solutions. But it would be a mistake to assume that the implications of the digital age are just intended for Personal Lines. Watch this exclusive webinar to hear Strategy Meets Action (SMA) founder Deb Smallwood share her perspective on the nature of digital transformation in Commercial Lines. Watch now to learn about opportunities for insurers and MGAs to enhance technology capabilities and improve collaboration with agents.

BriteCore community members share about their digital transformation journeys, key lessons learned, and the pivotal role new technologies play in accelerating growth and positioning organizations for new opportunities.