BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

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BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

  1. 1. Business impact through technology & big data Case-study on portfolio visualization for better underwriting decision making @ Swiss Re.
  2. 2.  Swiss Re – a brief introduction  Case-study: – Swiss Re Bangalore's impact on business decision making through use of technology & big data. 2 Agenda
  3. 3.  Giga-bytes of client data; global locations  Business need: to properly quantify risks & take decisions on risks we are taking, mostly by people sitting far away for locations of risks! 3 Common business scenario
  4. 4. 4 Developed a unique "GEO" platform using big data & GIS technology GEOSR NatCat Insurance & Economics SR GeoData Natural Hazards Recent Events Global Loss Events Demography Proprietary data 3rd party data Public information
  5. 5. 5 Allowing portfolio visualization along with key risk characteristics
  6. 6. 6 Enabling business with smarter decision making Almost the only source of information for very local loss potential like wild fire in California.
  7. 7. 7 Helping with alternative view of risk & impact!
  8. 8.  Domain knowledge combined with technology & big data is already making a big impact.  Focus on solution based approach with an ambition to move up the value chain.  Its not always about scale! 8 Key take-aways
  9. 9. Thank you

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