Workshop E1 - Talk to the data – not just to underwriting and claims
Members of the Towards the Optimal Reserving Process (TORP) Working Party explore how advances in data analytics will change how reserving actuaries source insights from claims, underwriting and finance teams.
The working party will bring these concepts to life using case studies and research covering:
- reserving processes in run off
- M&A
- climate change impact on reserving processes
- motor claims analytics
- IFRS 17 assessment
- Given historically poor linkage between finance, claims and underwriting, it is important to talk to the data/MI, to be able to self-serve and to avoid being overwhelmed by anecdote and volume.
The session will then look at how reserving processes are being embedded into operational and underwriting systems. It will draw on the latest trends in reserving risk and data analytics and consider the trend towards implied actuarial sign-off of business plans.
Target audience and assumed knowledge level: No specialist knowledge required.
Speakers:
William Diffey, QBE Europe
Param Dharamshi, KPMG
Arun Vijay, BDO
