Taking into account how the two diverse topics of sustainability and modern data analytics are rapidly developing within the general insurance segment of the insurance market, we would like to shed light on what can we achieve at the intersection of the present and the future perspective.

Our report will be structured as 4 subjects:

• Introduction – how actuaries are utilising data science techniques across their specialism, what topics are driving the sustainability space, current regulatory guidance and how we address all of the above within the IFoA data science practice board.
• Enhanced methods applied to the classical actuarial problems – this is no longer simply about frequency and severity. What type of known ESG-related subjects, including but not limited to natural catastrophes as well as modern financial instruments, can be approached with a deep support of analytical techniques?
• New dimensions and products – clients’ and markets’ expectations from the insurance companies’ sustainable revolution, along with corresponding opportunities.
• Challenges to overcome – what do we, as an industry and a profession, need to address in order to stay at the forefront of the sustainable agenda?

Target audience and assumed knowledge level: Prior knowledge is required.

Speaker and company: 

Alexey Mashechkin, Allianz
Debashish Dey, Deloitte
George Tzougas, Heriot-Watt University
Shubham Mehta, American Express
Vassiliki Kotroni: Institute of Environmental Research and Sustainable Development