The Rapidly Changing World of Insurance Analytics

Contributed Talk | Day 2 | 2:20 pm | 40 Minute Duration | Grand Gallery D
  • Scott Slezak
    Farmers/Foremost Insurance Company Manager Analytics R&D Group

The Rapidly Changing World of Insurance Analytics

Contributed Talk | Day 2 | 2:20 pm | 40 Minute Duration | Grand Gallery D

We will explore the evolution of analytics in the insurance industry, from it’s origins in the 1700s to sophisticated contemporary methods involving advanced modeling techniques and AI. Along the way we will learn how insurance is priced, the role of advanced analytics in this process, and other applications for analytics and automation in the insurance space. We will also compare and contrast the traditional actuarial career path with the new data science career path, exploring how both are relevant in an industry traditionally dominated by actuaries.