VIRTUAL ROUNDTABLE

The ‘predict and prevent’ model: reducing risk through better data and analytics

5 October 2021 | 6pm BST / 1pm EDT | Hosted in our online boardrooms

An explosion of connected devices providing real-time data and new and unique insights are facilitating an industry-wide pivot from merely predicting future loss towards helping insureds mitigate or prevent a claim. The Predict and Prevent model is a win-win proposition for policyholders and carriers, reducing risk in customer’s lives while improving loss ratios for carriers. Enabling the policyholder to participate in the mitigation of risk leads to a positive increase in their moral emotions and attitudes towards the insurance company leading to an increase in retention and new business referrals. Carriers who grasp the opportunities of this new model will gain a competitive edge in a rapidly changing market.

This roundtable, held in association with Equifax, will bring together senior experts in underwriting, data, analytics, risk, actuarial sciences and technology from insurance carriers to explore how big data and new tech is transforming the customer-carrier relationship.

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The discussion

The Predict and Prevent model as a win-win proposition

What are the potentials in data insights?

What are the advantages of ecosystem partners?

Speakers

Ashish Savani

Vice President, Business Transformation and Strategic InitiativesZurich North America

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Ashish Savani
Ashish Savani

Vice President, Business Transformation and Strategic Initiatives

Zurich North America

Agenda

5 October at 6pm BST / 1pm EDT
90 minutes
  • Welcome and participant introductions

 

  • Keynote presentation – Case study: The predict and prevent model in practice

 

  • Roundtable discussion
  • Capitalising on a wealth of data: how are insurers faring so far in the move to ‘prevention’?
  • Utilising IoT, sensors and smart meters: understanding the potential insights
  • From videos and images to voice: unlocking insights from unstructured data
  • Real-time risk profiling and pricing: what needs to be done to overcome the current obstacles?
  • Computer vision and video data: how are use cases evolving?
  • New customer touchpoints: developing trust and adding value with helpful insights
  • Linking with ecosystem partners to offer practical services and solutions
  • The purpose-led insurer: how can the predict and prevent model be utilised to strengthen insurers social purpose?

 

  • Closing remarks

Request an invitation

This roundtable is designed for senior experts working across underwriting, data, analytics, risk, actuarial sciences and technology from insurance carriers.

Fill in this short form if you meet the above criteria and would like to participate in the discussion. All invitation requests will be vetted and approved (or declined) by the organiser.

Sponsored by

Equifax | Insurance Innovators

Equifax is a global data, analytics, and technology company and believes knowledge drives progress. The Company blends unique data, analytics, and technology with a passion for serving customers globally, to create insights that power decisions to move people forward. Headquartered in Atlanta, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor’s (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 11,000 employees worldwide.

To learn more, visit https://www.equifax.co.uk/