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InsurTech - How DataScience is transforming FinTech & InsurTech by Nele Coghe - FinTech Belgium Summit 2016
The document discusses how data science is revolutionizing the fintech and insurtech sectors through advancements such as big data, telematics, and predictive analytics. It highlights the evolution of actuarial sciences and the growing demand for data scientists, emphasizing the need for specialized training programs. Additionally, it mentions various applications of data science, including fraud detection and unstructured data analysis.
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InsurTech - How DataScience is transforming FinTech & InsurTech by Nele Coghe - FinTech Belgium Summit 2016
- 1. How DataScience istransforming FinTech & InsurTech Nele Coghe Manager di-Academy
- 5. A ray ofhope… Investments in big data and digital transformation
- 6. Evolution in actuarialsciences 18th Century William Morgan Life tables mid 20th Century Computers Now Big Data
- 7. Connected devices Telematics Connectedhome Wearables
- 8. Social Network Analysis •Churn • Fraud detection
- 9. Unstructured data • Automaticcategorization of e-mails • Detection of fraudulent claims
- 10. Image recognition The endof the PIN code is near…
- 11. di-Academy 11 • Data Scientistsare hard to find • First data science bootcamp • Technical trainings for data scientists • Executive trainings for managers • More info: https://di-Academy.com
Editor's Notes
- #3 We’ve been overwhelmed with bad news the past weeks Hundreds of redundancies have been announced in the banking and insurance sector
- #6 However, there is also another, positive, side to the coin All affected companies announced that they would invest in big data and digital transformation
- #7 Traditionally, the insurance industry has been slow to change. The actuarial sciences were founded in the 18th century by William Morgan and was focused on the analysis of mortality and life tables. The introduction and development of the computer has revolutionized the actuarial profession as it improved the modeling and forecasting ability of the actuary. Ever since, the business model of insurance has not seen any significant change until now, with the introduction of big data.
- #8 Big data is offering a wide range of opportunities to the sector