Academy Workshop: Are You Ready? Technologies evolving risk & insurance

• Increasing regulations
• Hardening insurance market
• Increasing catastrophe losses

• Talent – Lack of IT resources
• Data access & quality
• Limited ROI / business value 
• No IT budget/cost

• Data – new data sources (video, images) and third-party data (weather info etc.)
• Analytics – gain insights into data
• AI - new techniques to analyse these new data sources, especially images and video
• Cloud – lower costs, greater computing capacity
• Ecosystems
   

• Develop a basic understanding of the available technology in the risk and insurance industry
• Identify emerging technologies impacting the industry
• Understand the value of a risk and insurance ecosystem
• What value proposition and benefits risk managers can gain from AI and analytics
• Recognize the obstacles and challenges to the adoption of new technologies
   

Speaker -  Kiran Aulakh, Territory VP, Ventiv