It is my greatest pleasure, on behalf of the Organizing Committee to welcome you to attend the Insurance Analytics and AI Innovation China 2019 (Insurance Analytics China 2019), to be held on January 9-10th, in Shanghai, China.
The entire insurance value chain is data driven, and the rising of big data has provided the industry with plenty of new opportunities.While how to realize the great values of big data asset through analytics is still a great challenge for insurers, and it requires solid data analytics capabilities in terms of strategy, people, process, data and technology.
Actuaries have been analyzing data and making predictions for centuries, while in the age of big data analytics strength must move beyond the actuarial department into the whole insurance value chain, such as marketing, underwriting, claims, customer services and etc.
The growing maturity of AI has enabled insurance analytics for better development and it will help insurers to maximize the values of their data asset and improve their overall business performance and profits.
The global insurance analytics market is expected to grow from $6.63 billion this year to $11.96 billion by 2023, at a compound annual growth rate of 12.5% during the period. And China is expected to be one of the fastest growing insurance analytics markets in the world with its huge insurance market and active adoption of new technologies.
While there are still a lot of challenges to overcome in order to transform into an analytics-driven insurance carrier with the adoption of AI in the age of omnipresent analytics.
The Insurance Analytics and AI Innovation China 2019 (January 9-10th, Shanghai, China) is designed to gather the whole industry players to explore and discuss the possible opportunities and challenges of transforming and surviving in the age of big data and AI.
I am looking forward to meeting you in Shanghai!
Organizing Committee of the Insurance Analytics & AI Innovation China 2019