April 15 2016: FC Business Intelligence’s 2nd annual Insurance Analytics Canada will bring together two-hundred and fifty Canadian insurance leaders and big data analytics professionals in Toronto in May.
The need to alter the Canadian insurance professionals’ mind-set towards new analytics functionality is critical – if not essential – for analytics to provide any real return for insurers. The upgrade to analytics comprises of buying new software and services and improving systems management. But, perhaps most importantly, insurers must consider the internal cultural shift required.
According to a survey conducted by FC Business Intelligence, 67% of insurers stated that their investment in to analytics would increase and 33% of insurers said that the investment levels would stay the same. No Canadian insurers responded that they would not invest in analytics.
For insurers, the cost of improved analytics is substantial but the potential for a big return is even greater as the whole industry shifts gear and analytics moves from being a competitive differentiator to a ‘must-have’ to simply stay in business.
Event Chairman, Stephen Applebaum, Principal of Insurance Solutions Group explains ““Analytics must be applied and leveraged enterprise-wide and departmentally deep for any carrier to truly succeed.”
The purpose of the Insurance Analytics Canada Summit is to educate actuarial and business intelligence professionals alongside strategy leaders on how to integrate analytics across the insurance industry in Canada. It also unites Canadian insurers to the increasingly important data, analytics and telematics service providers coming to market.
Leading the discussion are insurance decision makers including:
- Heather Masterson, Chief Operating Officer, Travelers Canada
- Zack Martin, Chief Data Scientist, TD Insurance
- Cindy Forbes, Chief Analytics Officer, Manulife
- Eugene Wen, Chief Statistician, WSIB
- Marc Lipman, Chief of Staff, AIG Canada
- Tim Bzowey, Head of Home & Auto, RBC Insurance
Executives from Aviva, Desjardins, Intact, RSA, CIBC, Sunlife Financial, the Cooperators will also join.
Lead sponsors of the event include SAS, Ernst & Yong, Hortonworks, Guidewire, Opta Information Intelligence and Intellect SEEC.
For full information on the agenda, speakers, sponsors and the attendees list go to www.fc-bi.com/insuranceanalyticscanada
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