Actuaries and underwriters face multiple data processing challenges when incorporating insurance companies’ portfolios, be it diverse or proprietary file formats, data structure, low-quality data or fragmentation.

This is especially acute each winter, when reinsurance companies renew their customer contracts. Each data file can grow to tens of gigabytes in size, and this adds up to over hundreds of terabytes. These must be stored and processed in a secure and sustainable manner, and must also comply with regulatory requirements such as GDPR and corporate policies.

Actuaries or underwriters experience difficulties analysing the data thoroughly as they are working on multiple policies at the same time, and are unable to efficiently clean up the high volumes of data in order to perform annual portfolio or market analyses.

We propose storing the most common file formats in Microsoft Azure Cloud. This technical solution is scalable, with virtually unlimited storage space. Based on Microsoft Azure’s automatically scalable infrastructure, users can access the data through a web interface to perform analysis and run benchmark models. This solution enables data representation to support different types of analytics while increasing data quality.

Who should attend:

• Chief Technology Officers

• Chief Information Officers

• Chief Data Officers

• Heads of Data

• Underwriters

• Actuaries

• Architects

• Insurance and reinsurance professionals

Technical level:

This is an intermediate-level webinar for insurance and reinsurance professionals with a working proficiency of data architecture frameworks.