Dennis M. Sweeney Jr. on LinkedIn: GT at IIAG Fall Conference 2023 (2024)

The new trends in the P&C Insurance Industry defined by BCG.New wave of Broker consolidation and preparing the soft market...😎 😎 😎

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This year marks a defining period for insurers, characterized by the need to strategically adapt to evolving market conditions, from the impact of social inflation to the dynamic shifts brought about by technological advancements like generative AI. ❇️ Read further in the first instalment of theBoston Consulting Group (BCG)’s P&C Underwriting Excellence Series in 2024, “P&C Insurance topics for 2024: Exploring emerging trends and strategies in Underwriting Excellence” here:https://lnkd.in/dXFtAwtA#insuranceindustry#underwriting#emergingtrends

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To London Market Actuaries Group (LMAG) members,Will actuaries miss the AI/GenAI boat?📣 Exciting Announcement! I'm thrilled to invite you to our (@Ben Ratcliffe, Vincenzo Opeka) upcoming AI talk. Join us as we explore the early insights from Deloitte's inaugural AI survey! See LMAG notification email for registration details. 📅 Save the date: 18 April, Thursday, 15:30 for 16:00 start at Lloyd's Old Library. Immerse yourself in a captivating discussion on how insurers are embracing AI and GenAI throughout the value chain, and the impact for actuarial work. Discover real-world use cases that are reshaping traditional practices, from underwriting to actuarial model transformation.🔍 As the world of actuarial science evolves in the AI era, it's vital for actuaries to stay ahead of the curve. Don't miss the boat! Gain invaluable insights from Deloitte's survey and learn how to navigate the changing landscape.#AI #GenAI #ActuarialScience #Insurance #Innovation #Technology #Event

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The opportunities that #GenAI opens rely on finding a balance between human expertise and the new technologies, said Paloma Quiroga Arias, PhD, Head of Risk Consulting & Analytics, for Swiss Re. For instance, Swiss Re is applying behavior economics to the results of analytical models.Watch the interview here: https://bit.ly/48enDLfIn Partnership with Swiss Re #InsuranceInsidernews #insurance #reinsurance

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Check out this recent interview of Paloma Quiroga Arias, PhD with Meg Green for Insurance Insider where they discussed:💡 What will it take to bring the use of advanced data #analytics, #ai, and machine learning in the insurance industry to the next level?💡 How are predictive models influencing decision-making?💡 What are the potential pitfalls of the increased use of AI and how to tackle them? Don't miss out on this insightful conversation!#EvolveBeyond

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Allianz Partners' Jason Howes and AutoRek's Piers Williams summarise their panel in under 60 seconds! Key Takeaways:📈 Overcoming data quality and standardisation issues.🗃️Breaking down silos for better decision-making.🤖The impact of AI on financial controls and security.Don’t miss this insightful discussion! Click to watch the full video:https://lnkd.in/enFmzGb9.

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Artificial intelligence (AI) has transformed the life sciences industry in ways that we could never have imagined. It now impacts each stage of a life science product’s lifecycle — from research and drug discovery to clinical trials, manufacturing, supply chain logistics, marketing, and sales.Take a look at this article, produced by Marsh, a global leader in insurance broking and risk management, discussing the significant impact of AI on our industry ⬇️https://ow.ly/lRVI50PkuoU

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The benefits of applied AI at every stage of the life science value chain are immense#lifesciences #biotech #researchanddevelopment #designbuild #unispacelifesciences

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(Gen)AI opens a new world of opportunities. At the same time it requires an adaptation in the Risk Framework that governs (Gen)AI.How evolutionary vs. radical this adaptation is and what challenges it brings for MoRM Functions was one of the key discussion at the Advanced Model Risk Conference. Given new, evolving and especially varying regulatory expectations across jurisdictions it seems the task is a rather big one. Philip Hoolmans, Anne Kleppe, Stefan Bochtler, Kirill Katsov, Marianna Leoni, Ning Yang, Kirsten Rulf Christian Maass Thanks to Center for Financial Professionals (CeFPro) for organizing the conference. #Modelriskmanagement #Modelrisk #GenAI

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🚨For those who missed it, our paper "From Bias to Black Boxes: Understanding and Managing the Risks of AI - An Actuarial Perspective" was published this week by the British Actuarial Journal.🔗 Link: https://lnkd.in/e5JZN_Eb📚 A dense work, written jointly with renowned authors* (from France, Belgium, England, Germany, South Africa, and so on). In this paper:- We explore some of the risks related to #AI from an #actuarial perspective based- We define the key gaps, challenges faced when implementing and utilising modern #insurance modelling techniques- We discuss best practice guidelines to define an ideal approach🙌 * A big thanks to all the crew members:Jean Dessain Shaun Bennet Matthew Byrne Dr. Arijit Das Richard G. Paul King Victor Mutanga Frank Schiller Stefan Zaaimanand all the others!And a special mention to the amazing Actuartech team: Lara van Heerden Patrick Moehrke and of course Valerie Du Preez !

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