Intelligent Automation & AI in Insurance conference

21st May 2019

Thoroughly enjoyed being the moderator for the Intelligent Insurer “Intelligent Automation & AI in Insurance” conference on Tuesday in London. Great to hear practical insights from leading speakers and panellists – special thanks to Alexandrina Scorbureanu,David Melvin, Alina Jipa, Iain Whittingham, David Fineberg, Melissa Boyars, James Breeze, Pamela Negosanti, Tom Helm, Souhail Debaghi and of course the amazing team at Intelligent Insurer.


The ‘truth’ about the ‘gold standard’ of unstructured data and AI

Underwriters understand the value of data, but perhaps not the ‘gold standard’ that is unstructured data. Especially when dealing with SMEs, it saves money, reduces loss ratios and makes underwriting departments more efficient – I wanted to find out more.

Getting a true handle on the risk of small- and medium-sized enterprises can be tough for underwriters and brokers. The manual effort can be inefficiently high, and the pricing hit and miss given the limited amount of information available to work with, and with no way of easily and reliably validating that data.

Those are some of the complaints I hear when I speak to senior brokers and underwriters everywhere, struggling to make decent profits in what is a highly competitive market. And this is becoming even more challenging with the growth of e-trading with more business moving online.

But imagine having thousands of pieces of data at your disposal which is also accurate, timely, complete and auditable – and which then also seamlessly combines to offer a better rating of a risk. What if your underwriting decision-making could deftly take into account information you never previously imagined having access to?

Continue reading “The ‘truth’ about the ‘gold standard’ of unstructured data and AI”

Insurance Innovators summit

I lead a very lively panel discussion at the last Insurance Innovators summit on the topic of Open Insurance. Here are my observations. Really looking forward to chairing the next Connected Insurance 2019 conference on March 21st in London. https://marketforcelive.com/insurance-innovators/events/connected-insurance/

Is the age of “open insurance”​ upon us ?

https://www.linkedin.com/pulse/age-open-insurance-upon-us-david-clamp/