Description: As an undergrad student, I discussed about my understanding of how AI is going to influence insurance industry through my volunteer experience with the SOA Actuarial Innovation and Technology Repository.

Description: In the world of digital excitement, Blockchain is the newest kid on the technology block. Pull up any search engine, punch in “Blockchain” and find yourself inundated with articles praising improvements over current centralized network systems that many insurers use. But is this praise warranted, and does Blockchain truly cure all ails? In this article, we pose commonly asked questions as well as provide answers from the perspective of an insurance company.

Description: Several key market trends have encouraged the development and launch of direct to consumer business models over the last few years. The presenters will look at the impact this is having on traditional business models and the potential it has to open up growth paths to target markets. They will cover several new entrants coming to market aiming to solve specific industry gaps and/or create new opportunities in distribution, risk assessment, customer engagement and the consumer buying experience.

Description: The topic of this virtual Open House was the SOA’s InsurTech Program. There was a presentation and a question-and-answer session.

Description: Over the last decade, reinsurance companies have built robust enterprise risk management (ERM)frameworks, but how equipped are they to evaluate the risks and rewards around InsurTechs? How well does the drive for 'test and learn' and agility fit within most reinsurance companies' current risk appetite and business acceptance processes? Discuss considerations when evaluating the suitability of current risk frameworks for innovation, including risk appetites, guidance, and monitoring/communication of risks. In addition, panel experts will offer insight into how actuaries and risk managers can be seen as a valued partner, not just a gatekeeper, in these venturesby providing constructive feedback and maintaining the right skills and expertise in these emerging technologies. By attending the session, you will: Be able to assess ERM frameworks, specifically a framework's ability to manage and monitor innovation as well as better support the strategic decision-making for InsurTech partnerships and ventures.

Description: The journey for microinsurance, nowadays called inclusive insurance, started a long time ago and is not complete in the majority of the low-income and low middle-income markets. When seeking to enhance inclusive insurance markets, it is useful and necessary to have a good understanding because it entails a different treatment of customers, distribution, products, pricing, client management, premium collection, claims declaration and settlement, and reporting.

Description: The emergence of technology to advance data visualization has helped uncover hidden insights in our data that was previously difficult to do. Designing engaging charts and crafting gripping stories through visualization has never been easier. This session will focus on understanding the fundamentals and considerations when deploying data visualization and selecting the best data visualization tool. Additionally, the course will provide an example of creating advanced data visualizations using Power BI.

Description: Creating the complete view and management of the complex interactions between care providers, medicines and behavior.

Description: InsureTech Connect 2021, covered r emerging trends that were and future opportunities for insurance technology. In addition, Society of Actuaries (SOA) staff and key SOA volunteers who work in the insurtech industry interviewed a variety of attendees to gather further information on these trends.

Description: As the speed of technological innovation increases, actuarial leaders are trying to determine how to use emerging technologies to unlock more business value and improve competitive positioning. This includes enabling new capabilities, improving process efficiency, and increasing the effectiveness of human capital. The session will discuss what we are hearing from clients who are in the process of transforming their business, how they are approaching these transformations, and what they are focusing on. This will include different aspects of transformation, including visualization dashboards, data science applications, no-code platforms, automation, data, and the cloud. Find out how organizations are thinking of human capital and collaboration between actuaries, IT, and other professionals.