Best’s News & Research Service - March 29, 2017 03:25 PM (EDT)
A.M. BestTV: As Data Gets Bigger, So Does Its Impact
- March 29, 2017 03:25 PM (EDT)
Oldwick //BestWire// - In this A.M.BestTV episode, insurers at the RMS Exceedance 2017 conference in New Orleans, LA, said insurers’ abilities to capture increasing amounts of data are leading to new ways to identify risk and focus on products. Click onhttp://www.ambest.com/v.asp?v=exceedance317 to view the entire program.
“If you have the ability to collect the information on how the structures are put together and what their resilience features are, then you have a data set, which can be mined year after year to see how those performances differ from others,” said Anne Cope, vice president, research, Insurance Institute for Business and Home Safety. “That would be a wealth of information people could capitalize on.”
Looking to how to best use big data in analytics, Luis Brito, catastrophe modeling specialist, IRB Brasil, RE, said: “Analytics is something that can be used to analyze trends in a specific market or line of business. With that kind of information a company would be able to translate that information into new products, which could be marketed.”
Other people that appear in this episode:
- Anthony Jacob, managing director, worldwide insurance enterprise & partner group, Microsoft; and
- Tom Sabbatelli, senior product manager, RMS.
For full coverage of the conference, including exclusive executive interviews, visit http://www.ambest.tv/exceedance17 .
Recent episodes of A.M.BestTV include:
- Italian Insurers Challenged by Political Uncertainty and Banking Woes, Says A.M. Best Analyst: Alvise Argenton, financial analyst, A.M. Best, reviews a recent briefing that examines the operating environment for Italy’s insurers, which includes volatile political and economic environments, insurers’ relationships with banks as distribution arms and investment strategies: http://www.ambest.com/v.asp?v=italy317 .
- National Insurers in United Arab Emirates Return to Profitability, Face Challenges, Said A.M. Best Associate Financial Analyst: Associate Financial Analyst Thomas Bateman reviews a new report from A.M. Best that examines financial performance for 29 listed national insurers in the United Arab Emirates: http://www.ambest.com/v.asp?v=uae317 .
- Reinsurers Face Range of Issues, Including All-Hazards Events: Attendees at the annual reinsurance CPCU Society Reinsurance Symposium at St. Joseph’s University, in Philadelphia, PA, said reinsurers face pressures, including a widening range of competitors and market forces in 2017: http://www.ambest.com/v.asp?v=cpcure317 .
- Regulatory Changes Help Spur Profitability for Saudi Insurers, Says A.M. Best Senior Financial Analyst: Salman Siddiqui, senior financial analyst, A.M. Best, reviews a recent special report that examines the financial performance for 33 national insurers in Saudi Arabia: http://www.ambest.com/v.asp?v=saudi317 .
A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html . View A.M.BestTV episodes at http://www.ambest.tv.
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