Tech and telematics poised to transform insurance

“The ability to look at distruption and change is crucial for a company that wants to survive,” said Julie Batch, Chief Analytics Officer at Insurance Australia Group, at Tuesday’s General Insurance Seminar.

The One-Day event at the Actuaries Institute examined the general insurance landscape in Australia and the effects of technological changes – from driver drowsiness detection to robotic exoskeletons – on a well-established insurance industry.

Speakers warned of investing in legacy products at the expense of innovation and the pitfalls in failing to accept the value of ‘unstructured, volatile and real-time’ big data. All this in the context of the changing role of actuaries.

View all event presentations here.

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