Keeping your algorithm safe, legal and morally acceptable (34)

07/02/19 • 14 min

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

With all the talk of the use of AI and algorithms in insurance innovation we thought we'd better check out some of the potential pitfalls and challenges that need to be considered with using algorithms in financial services. Robin discusses what to do, and what to avoid with Nicholas Berry and Peter McBurney from Norton Fulbright Rose and Wan Heath from Barnett Waddingham. Who'd have thought regulation could be quite so much fun...

Learn more about InsTech London at https://www.instech.london/

Learn more about InsTech London at https://www.instech.london/

Previous Episode

33. More algorithms that really work from ChAI, e2Value and We Predict

More fun from our Algorithm and AI event at the Steelyard on 3rd June in this, our selected highlights from the second half of the evening. We covered the first half in episode 31. Now its Robin Merttens turn up on stage talking to three of the leaders from new and growing companies servicing the insurance market telling us how they are making it real in the world of algorithms.

Silvi Wompa, Chief Underwriting Officer, ChAI (1:30)

e2Value offers products to assist with property asset valuation. Its tools can be used for collateral asset valuation, risk management, and predictive modeling. e2Value is the SaaS provider delivering valuations for residential, commercial, and farm and ranch properties in the US and Canada.

James Davies, CEO and Founder, We Predict (18:00)

Munich Re backed We Predict use predictive analytics and its proprietary dataset Deepview to help vehicle
manufacturers make better purchasing and engineering decisions, and to insure their associated risks.

Learn more about what we are up to at InsTech London, including details of our all our events from last two years and information on our next events at www.instech.london

And if you enjoyed this podcast, we've 32 more already released waiting for you...

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Sean Ringsted, Chief Digital Officer, Chubb (35)

In this episode Matthew Grant chats to Sean Ringsted about how Chubb is introducing innovation across the company and he gives some tips to help anyone starting up a new business aimed at selling to insurers.

Sean is Executive Vice President for Chubb Group reporting directly into CEO Evan Greenberg. Sean leads Chubb’s digital efforts aimed at transforming the company into a digitally integrated organization. Sean has 25 years of experience in the insurance industry. He was appointed Chief Digital Officer in 2017 and has served as the company’s Chief Risk Officer since 2008, prior to ACE’s acquisition of Chubb in 2016.

Chubb provides insurance in property and casualty, accident and health, reinsurance, and life insurance. The company has a presence in 54 countries and territories as well as Lloyd's and is the world’s largest publicly traded property and casualty insurer. Chubb is a corporate member of Instech London.

Matthew and Sean discuss what it means to innovate in a large company, how Sean keeps up to date with the latest information, the role of Linkedin, and the future of IOT for insurance.

Check us out at Instech London to see our range of past of future events and get access to a transcript for this interview.