On-Demand Webinar — Navigating Emerging Risks: Can Underwriters Rely on Standard Rule-Based Rating Models for Complex Risks?
While the bedrock of traditional underwriting has served us for decades, today’s evolving threats – from cyberattacks to climate anomalies – demand a reevaluation of age-old methodologies. The webinar will dissect the interplay between traditional rule-based underwriting models and the daunting world of emerging risks. Diving deep into recent real-world examples like climate change, cyber threats, and pandemics, our panelists will shed light on how these unprecedented challenges have questioned traditional underwriting practices. Moreover, with the input of Monalisa Samal, a specialist in Data Science and Advanced Analytics, explore the revolutionary role of big data, AI, and machine learning in underwriting these intricate risks. Finally, engage in a vibrant discussion about harmonizing these data-driven methods with conventional wisdom to lead the insurance industry into the future.
- Emerging Risks Defined: Understand the nuances of emerging risks and how they are reshaping the insurance landscape with real-world case studies.
- The Efficacy of Rule-Based Models: Delve into the strengths and weaknesses of standard rule-based rating models, especially when confronted with intricate risks.
- Data Science’s Growing Role: Discover the transformative power of big data, AI, and machine learning in comprehending and underwriting multifaceted risks.
- Harmonizing Tradition and Technology: Grasp the art of blending conventional underwriting models with innovative, data-driven methods to achieve optimal outcomes.
- Future of Underwriting: Learn about the evolving dynamics of the insurance sector and how embracing change can offer a competitive edge.
Who Should Attend This Webinar?
- President / CEO
- VP / Assistant VP
- Claims Executives
- Safety & Loss Control