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2024: An Insurance Odyssey – the voyage from evolution to revolution

Missed out on the event or want a refresh? No problem! Watch the panels on demand from our second half-day event in New York, “2024: An Insurance Odyssey – the voyage from evolution to revolution.”

About the event

Despite the increased investments in technology over the past years, expense ratios and underwriting profits have remained at the same levels as they were a decade or two ago. Insurance has changed, but only incrementally – more evolution than revolution. 

The industry is still a long way from realizing the full potential that technology can bring. A world that is highly automated, providing a broader range of highly customized products, priced and delivered better. But how do we get to that endgame – evolution, revolution or a bit of both?

Join us on-demand as we explore in collaboration with Google Cloud, Aon, AdvantageGo, Unqork, and Indico Data:

  • The potential benefits from re-imagining broker/carrier data exchange.
  • Enterprise-ready AI capabilities matched to the industry’s needs.
  • How technology and data ecosystems can streamline risk assessment and pricing.
  • How the technology of today can deliver the underwriting world of tomorrow.

 

Revolutionizing Risk Transfer

In this panel we delve into the complexities of modern insurance and reinsurance. Explore the key challenges faced by insurers today, from climate change and digital disruption to advanced risk modelling and AI. Learn about the strategic tools and technologies Aon employs to help clients navigate these challenges and remain competitive. Don’t miss out on these valuable insights to stay ahead in the evolving insurance landscape.

Panel Speakers:

  • Andy Marcell, CEO of Risk Capital and CEO of Reinsurance Solutions – Aon
  • Robin Merttens, Chairman – InsTech

Reinvention and Scale- The Gen AI Factor

We are joined by Unqork, a software company enhancing application security and scalability through a pooled knowledge approach similar to antivirus software. It covers challenges in AI adoption, regulatory compliance, and the crucial role of data lineage, offering insights into building adaptable and future-proof systems.

Panel Speakers: 

  • Gary Hoberman, CEO & Founder – Unqork
  • Robin Merttens, Chairman – InsTech

Technology Hubs and Data Clubs

Join Martin Olley from Advantage Go and Jeffrey M. Cohen from Zywave as they discuss integrating modular insurance platforms, leveraging vast data sources, and enhancing cyber underwriting. Explore the importance of operational efficiency, flexible workbenches, and the dynamics of competitive collaboration in the insurance tech ecosystem.

Panel Speakers: 

  • Martin Olley, Head of North America – AdvantageGo
  • Jeffrey M. Cohen, Senior Vice President – Zywave
  • Robin Merttens, Chairman – InsTech

Moving from the Data to Decision Era

In this panel, we explore the journey of data strategies in the insurance industry, focusing on AI investments, legacy system challenges, and the future role of Generative AI. Key concepts discussed include the importance of decisioning, explainability, and the decision supply chain in creating competitive advantage. Discover how new technologies are transforming data handling and decision-making processes in the sector.

Panel Speakers:

  • Tom Wilde, CEO – Indico Data
  • Robin Merttens, Chairman – InsTech

Ecosystems and Partnerships in Practice

In this panel, we discuss the evolution and importance of ecosystem partnerships in the insurance industry. Experts Martin Olley, Farooq Sheikh, and Grant Dewar explore the benefits of collaboration between insurers, brokers, and tech providers. They emphasize customer-centric strategies and the role of technology in streamlining operations. The discussion concludes with insights into the future of insurance ecosystems and their impact on risk assessment and data management.

Panel Speakers: 

  • Farooq Sheikh, Global Head of Banking, Insurance and Healthcare – Unqork
  • Grant Dewar, Client Services Director – Aon
  • Martin Olley, Head of North America – AdvantageGo
  • Robin Merttens, Chairman – InsTech

Alphabet X’s Bellwether and Other Projects

Join us as we sit down with Sarah from Google X to discuss Bellwether, the groundbreaking prediction engine for climate data. Learn how this tool is revolutionizing the insurance industry by providing precise wildfire and heatwave models and the entrepreneurial journey behind its creation. Dive into the challenges of integrating climate data for risk assessment and the future of climate-focused innovation.

Panel Speakers:

  • Sarah Russell, Founder and CEO – Bellwether, a Google X project
  • Matthew Grant, CEO – InsTech

Member Spotlight – Safehub

This session highlights SafeHub’s innovative sensor technology that provides real-time alerts and building-specific data during earthquakes. This data helps expedite emergency response and impacts parametric insurance policies. The discussion also introduces a key partnership with Liberty Mutual Reinsurance and explores the evolution of InsurTech towards efficiency and mature investments.

Panel Speakers:

  • Donna Smith, Director of Marketing – Safehub
  • Nicholas Berry, Partner – Norton Rose Fulbright
  • Matthew Grant, CEO – InsTech

Re-thinking Broker to Carrier Data Exchange

This panel explores the inefficiencies in current broker-to-carrier data exchanges and discusses potential improvements through automation and technology, particularly Gen AI. Industry experts share insights on transforming underwriting and broking practices with accurate, decision-ready data, aiming to enhance overall efficiency in the insurance industry.

Panel Speakers:

  • Sam Worthington, Managing Director – Aon
  • Amy Nelsen, Head of UW Operations, US Middle Market – Zurich Insurance
  • Tom Wilde, CEO – Indico Data 
  • Robin Merttens, Chairman – InsTech

Rational Revolutionary Enterprise AI

In this panel, Rational Revolutionary Enterprise AI, we discuss the implementation of AI in enterprises, focusing on The Three S’s: safety, security, and scalability. They highlight the challenges of integrating AI with legacy systems and emphasize the importance of flexibility and business architecture. The conversation also covers the future of generative and adaptive AI, stressing the need for specialized models and rapid innovation.

Panel Speakers:

  • Gary Hoberman, CEO & Founder – Unqork
  • Tom Wilde, CEO – Indico Data
  • Lisa Wardlaw, President and Founder – 360 Digital Immersion

Go on. Blow our Minds

Join Greg Burnham, Product Manager at Elemental Cognition, as he explores Neurosymbolic AI—a blend of large language models and symbolic AI for trustworthy solutions. Learn about 

Elemental Cognition’s reasoning engine, the Cogent language, and real-world applications from insurance to travel planning. Get insights into the future of AI in decision-making.

Panel Speakers:

  • Greg Burnham, Product Manager – Elemental Cognition
  • Nigel Walsh, Head of Global Insurance – Google Cloud

What really matters? The insurers’ view

In this panel discussion, Leah Emma from Liberty Mutual, Caolan Kovach-Orr from Arch Capital, and Rohit Reddy from Swiss Re Corporate Solutions share their experiences and strategies for leveraging AI and technology in the insurance sector. They cover key challenges, data utilization, build vs buy decisions, and the importance of making underwriting more efficient and engaging. A must-watch for anyone interested in the future of insurance.

Panel Speakers:

  • Leah Emma, Assistant Director of Commercial Incubation, Solaria Labs – Liberty Mutual
  • Caolan Kovach-Orr, Head of AI & Automation, North America – Arch Capital Group
  • Rohit Reddy, Head of Underwriting Strategy – Swiss Re Corporate Solutions
  • Matthew Grant, CEO – InsTech

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