Leveraging AI and ML to Reinvent and Transform the Actuarial Process

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Presented by

Dr See Ju Chua, Head of Reserving and Capital, Sompo Holdings (Asia) | Kenneth Koh, SAS | Joshua Teng, SAS

About this talk

Most insurance markets have been stable and yet price competitiveness has always been an area of focus. This is now changing and there is an interest from insurers to streamline current processes to be more cost effective and visual to business owners as well as moving into real-time pricing. For this reason, projects such as "Actuarial Excellence" are often set up as part of insurers' digitalization strategies. This webinar will discuss the challenges and gaps faced by actuaries in this “new” modern world of how they continue to stay competitive and relevant in the face of strong competition by leveraging data and advanced analytics such as AI and ML capabilities to develop better and more dynamic pricing in the midst of customer complexities. Join this webinar to: - Understand and mitigate challenges faced by actuaries in streamline their actuarial functions to be more analytically driven - Spearhead new forms of modelling and understand how AI and ML can complement existing methods of rate making

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