North Technology People would like to welcome you to the CAMDEA Digital Forum for Tue 19th January 2021

Presenter: Alec Eyre
Company: Aviva Canada
Presentation: Machine Learning and AI for the Insurance Industry

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Artificial intelligence has opened up a wealth of opportunities for both insurers and insurtechs, but turning AI’s vast potential into scalable, successful technology solutions is a major challenge.

Tractable is a great example of a company that has managed to do it, with its AI solution for assessing vehicle damage now being used worldwide to process thousands of claims every day.

Co-founder and President Adrien Cohen joins Matthew to discuss Tractable’s global growth, the challenges of working with AI, and what the company has planned for property insurance.

Talking points include:

Why insurance is a great use case for AI
Data challenges and training AI systems
Why insurers struggle to develop solutions in-house
Spotting opportunities and expanding into different markets
Convincing customers about new technology

A written version of this podcast interview is available on our website – https://www.instech.london/podcast/adrien-cohen-tractable-damage-assessment-ai-fast-scalable-global

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The insurance industry is often characterized as traditional and slow-moving, or worse, one that is not as customer-centric as it should be — making getting data science and AI initiatives off the ground a challenging undertaking. However, when done properly and with thoughtful alignment of people, processes, and technology, insurance companies can transform the way they work with data, generating value across a variety of use cases.

In this talk, Dataiku’s VP of Strategy Sophie Dionnet is joined by Elena Furlan, Senior Data Scientist at Aviva, the U.K.’s largest multi-line insurer, to discuss the vast potential for AI in the insurance space, from theoretical insights to practical implementations. Specifically, Elena gives an example of an advanced AI project that her team worked on — the business problem Aviva wanted to address, what worked well, challenges involved, tangible results, and more — and how they will continue to push forward on their journey to Enterprise AI.

Apr.09 — Daniel Schreiber, chief executive officer and co-founder of Lemonade, discusses the benefits of artificial intelligence on the insurance industry and trust issues in data privacy. He speaks with Emily Chang on “Bloomberg Technology.”