Friday – May 22nd, 2020 – A little over four months into the global coronavirus pandemic, all corners of the world are coming to terms with the idea of a “new normal”, and what that might mean for the future.
According to Keith Buckley, Managing Director of Fitch Ratings, COVID-19 represents “one of the most significant credit events” in many people’s lifetimes. So it’s unsurprising that the insurance sector is changing its investment and liabilities strategy, shoring up its reserves against potential COVID-19 claims. PWC surmises that many captive insurers may even need capital infusions soon.
At 6 PM CEST/12 PM EST on June 4th, ELEKS will host an online TechTalk, delving into crisis-driven innovation and the future of the insurance ecosystem. It brings together industry-leading digital innovation managers and insurance experts who aim to tackle the challenges posed by catastrophic events.
Panellists will provide insights on how technology inspires creative thinking to overcome adversity. The notion of survival is not enough. Attendees can count on thoughtful solutions to complex problems to thrive in post-crisis economies. Five tech leaders will dive into the topic:
Layla Atya, Digital Transformation Manager - Insurance Markets at ELEKS
Crisis, Microinsurance & Taobao Success
The subject will be focused on crisis-driven insurance innovation and will dive into the emergence of microinsurance and technologies that emboldened Chinese economic success.
Dr Bogdan Tanygin, Technical Account Manager at ELEKS
Autonomous Driving: Philosophical Changes in Insurance and Public Readiness
How autonomous driving impacts everyday life, corresponding public and regulatory acceptance. Special attention is given to new paradigms of the risk responsibility and its management, an effect on the (re)insurance.
Casey Roberts, Principal at Laurus Insurance Consulting
Drones in Agriculture, an Insurance Perspective
Drones are becoming more commonplace in farming and agriculture. Does it matter if it is the farmer's drone or one provided by a third party? What are the insurance complications? How might some of the data be used and considered by insurers now and in the future?
Aleksandr Stepanenko, Technical Account Manager at ELEKS
How Can Drones Help Captive Agroinsurance?
The subject will dive into the dimension of drone-powered businesses. The talk will touch on the technology-related limitations, opportunities and challenges facing farmers and insurers today.
Alex Thalmann, Strategic Innovation & Agile Team Lead
Insurance Transformation Process – Key Learnings of a Practitioner
Many industries struggle to embrace change into their DNA. They add digital on top of their activities and miss out to inspire existing value proposition with new opportunities. This talk will summarise the key learnings within the transformation process.
Follow this link to register for the event.
Upcoming ELEKS TechTalk Insurance events:
July 16th, 2020 Regulating Innovation: The Moving Target of Insurtech
August 13th, 2020 Digital Trailblazers in Mergers and Acquisitions Insurance
September 17th, 2020 Transformation of Reinsurance and Compliance
ELEKS is a Top 100 Global Outsourcing Company, providing expert software engineering and consultancy services for over 28 years. Its talent pool of over 1500 specialists covers niches from Big Data to data migration and custom software development, making it the partner of choice for many of the world’s leading enterprises, SMEs and technology challengers.
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