AI and the Insurance industry: Digital disruption at its best

July 9th, 2019 Posted by 0 thoughts on “AI and the Insurance industry: Digital disruption at its best”
Venue

832 Wellington Street

Perth, WA 6000

Perth, WA, AU, 6000

RAC in conjunction with IBM and InsurTech Australia invite you to special insurance industry event to hear from an expert guest speaker(s) on what the future of insurance looks like heading into an age of on AI, ML and RPA.


The insurance industry is probably not the first area you think about when somebody mentions words like “innovation,” “artificial intelligence,” and “high tech.”   However, in reality, it is one of the first to embrace the change. 


Insurance is, by definition, an industry built around risks.  Insurance companies greatly depend on their ability to predict what level of risk a person, small business, or organisation represents.  The greater the volume of accurate information an insurer has, the more likely they are to make a correct prediction.


The emergence of AI and Big Data technology means that insurers can be better equipped to assess risk and manage their customers’ expectations however, not all are embracing this new opportunity.


AI and its related technologies will have a seismic impact on all aspects of the insurance industry. Advanced technologies and data are already affecting distribution and underwriting, with policies being priced, purchased, and bound in near real time. 


The insurance industry is ripe for automation, as it revolves primarily around analysis and processing of information.  Low-level processing of claims, and some standardised underwriting, has already been passed over to automation, and it is expected that more will follow.


This event will draw guests from across the InsurTech and insurance eco-system to take a deep-dive into the challenges and opportunities being faced by the sector through the lens of insurtechs and incumbents alike.


Be sure to register your attendance as tickets are limited.


Arrival: 5:30 pm for 6:00 pm start.

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