March 24, 2016 by FC Business Insurance
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FC Business Intelligence has confirmed dates for the second annual Insurance Analytics Canada conference and exhibition. The event will take place on the 12-13 of May at the Old Mill in Toronto.
Conference Chairman Stephen Applebaum, the Managing Partner at Insurance Solutions Group says that “based on our success in 2015 and on market demand, the summit is quickly becoming a priority on the Canadian insurance industry event calendar.”
This year, the event was presented to the Canadian market at a crucial moment in time as the advent of data and analytics played heavily on the minds of insurers in the industry
Christine Haeberlin, an Insurance Business Development representative from IBM Canada responded after the event this year to the organisers, “thank you for coming to Canada – we have the need and opportunity to become a smarter insurance industry despite being one-tenth the size of the US and I learned our industry wants to innovate with analytics.”
In lieu of the challenges the industry is facing, there is huge opportunity to innovate like Haeberlin explains.
Insurance Analytics Canada, in its first year, hosted a delegation of 200 senior-level leaders in the insurance industry. Attendees at the event came from some of the largest insurance companies, who are leading in the area of data and analytics, including Aviva, Desjardines, Hub International, Intact, RBC Insurance, RSA, the Co-Operators, TD Insurance, Travelers, and Zurich to name a few. Some of the sponsors and exhibitors of the event included BAE Systems, Earnix, Hortonworks, IBM, Opta Information Intelligence and Xchanging.
This event has been credited by the industry for its combination of strategic level thinking and practical takeaways for the industry.
James Gordon, from Desjardines commented to the organisers that “your speakers bring an excellent depth of experience from diverse roles and experiences.” Andrea Belvedere from PWC agreed the event brought “interesting insights and diverse speakers.”
Based on research done by FC Business Intelligence with the industry, the event will evolve next year to provide more discussions on improving customer experience by employing customer-centric approaches as opposed to product-centric ones. It will look at the impact of the rise of big data and digital and the impending evolution in the industry to accept the internet of things and usage-based insurance.
The event will also separate discussions on analytics for marketing, product, underwriting and pricing from analytics for claims and fraud in to tracked segments for a more targeted approach to analytics applications across business lines in insurance.
To find out more information, download the brochure here: http://bit.ly/25fY5cl