Presentations from the Insurance Data & Analytics Summit, held by Reactions and Acord at the Harvard Club in New York on April 18, are now available to download.
Data … big data, open data, data in the cloud, telematics data, global data, and more … your company has it but do you utilize it to its fullest potential? The Insurance Data & Analytics Summit (IDA), presented by Acord and Reactions magazine, brought together insurance industry executives for this special one-day event that will help you make the most of your data and enhance your analytics capabilities.
Click on the names of the presenters below to download the presentations.
09:00 - 09:30
Keynote Address: Smart Financial Data - Semantic Web technology transforms Big Data into Smart Data
Presenter(s): David Saul, StateStreet
11:30 - 12:15
Practical Analytics: Using Data and Modelling to Add Efficiency and Cut Operational Costs
Arnab Dey, EXL Service;
Peter Bothwell, The Hartford
Insurers are faced with a tremendous pressure to bend the cost curve downward. Where does the next level of improvements come from? Savvy insurers are increasingly turning to decision analytics to improve how they operate. This presentation showcased how leading insurers are taking practical approaches to improve operations and right-size operating costs. Find out how you can get started at your company.
13:15 - 13:45
Innovative Analytics – Gateway to Profitable Growth
Presenter(s): Subhashish Dutta, Guy Carpenter & Company LLC
In recent years the insurance industry has been challenged to achieve acceptable underwriting returns, and at the same time an increasingly dynamic “Big Data” environment is creating new opportunities to uncover information that can impact the bottom line. By bringing together data previously viewed in isolation and coupling it with powerful algorithms, Innovative Analytics enables insurance companies to enhance underwriting discipline, improve profitability and drive growth.
15:00 - 15:45
Big Data. Is It Just More Data?
Presenter(s): Gene Blomberg, IBM Software Group
Big Data is just More Data.....Big data is not a separate initiative, it is additional sources and varieties of information that can be added to your existing analytic and BI projects. Used effectively, big data can increase customer insight, gain understanding of agent behaviours that drive performance, and how to move employees to a higher level of performance. The session discussed several trends to become a more agile analytics organization such as the analytics sandbox and data exploration.
The following coverage is from the conference:
Big data’s transformative potential
Speakers at the Insurance Data & Analytics Summit held by Accord and Reactions discussed how the effective use of big data could prove to be a transformative driver within the insurance industry.
Insurance big data talent gap growing
Big data specialists speaking at the Insurance Data and Analytics Summit 2013, hosted by Accord and Reactions, conceded that a big skill gap exists within the industry making talent tougher to find.
Social media's role in fighting insurance fraud
Social media could become an important tool against insurance fraud, according to insurance industry specialists from IBM and Tata Consultancy Services, who believe it could have a transformative effect on how claims are dealt with and processed.
To view upcoming Reactions events click on the link below, click here.