Big Data - An Actuarial Perspective

Понравилась презентация – покажи это...

Слайд 0

IABE Big Data working group Mateusz Maj Chairman of IABE Big Data WG mat@motosmarty.com

Слайд 1

What is Big Data?

Слайд 2

What is Big Data?

Слайд 3

What is Big Data?

Слайд 4

What is Big Data? source:www.hp.com

Слайд 5

Not only size matters Volume data at rest Terabytes of existing data to process   Velocity data in motion Variety data in many forms Streaming data Structured, unstructured, mileseconds to respond   different sources   Veracity data in doubt Uncertainty due to data incompleteness, ambiguity, model approx., etc  

Слайд 6

Why Big Data Working Group? Discuss: •  Impact of Big Data on insurance sector and the actuarial profession; •  Present challenges and good practices when working with Big Data; •  Educate actuarial profession about Big Data.

Слайд 7

Big Data WG activities •  Regular meetings with guest lecturers presenting different aspects of Big Data; •  Big Data information paper by 03/12/15; •  Presentation of the IABE stance on the topic during the industry meetings; •  Big Data Forum – 03/12/15; •  CPD courses – Big Data/Data science program – from 2016.

Слайд 8

Information paper Covers different aspects of Big Data in insurance and opens up a discussion about: •  Technical aspects; •  Data science issues; •  Impact of Big Data on the insurance value chain; •  Legal aspects; •  New horizons for the insurance industry.

Слайд 9

Insurance value chain: Underwriting undewriting Covers different 360 degree customer view  

Слайд 10


Слайд 11

Pricing •  New rating factors; •  New modelling techniques like machine learning; •  New, disruptive insurance offerings like Usage-Based Insurance.

Слайд 12

Insurance value chain: Fraud detection undewriting Covers different Social network analytics  

Слайд 13

Legislation Covers different EU-wide law under construction  

Слайд 14

Insurance – beyond current frontiers •  Risk pooling vs. personalization; •  Traditional insurance model vs. prevention.

Слайд 15

Role of actuaries EU-wide law Best under construction data scientists    

Слайд 16

Q&A   Mateusz Maj Chairman of IABE Big Data WG mat@motosmarty.com

Слайд 17