Using data to reduce the number of questions posed to consumers and doing away with paper applications. These were two of several initiatives pitched to an audience of actuaries and entrepreneurs at last month’s ‘Life Insurance Reverse Pitch’ event.
Simon Lim reflects on the use of AI in insurance and suggests a practical framework for assessing AI models and managing risks.
The fifth Insurance CRO forum was held at the Actuaries Institute on Thursday 29 August 2019. 'Royal Commission – What’s next?' was the theme for this year, with three engaging plenary sessions. We had no shortage of lively, quality discussion, and in many ways wished the half day was longer. The forum was facilitated by Verne Baker (Director, KPMG) who opened the forum with a formal welcome and Acknowledgement of Country.
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