A Data-Powered Economic View: Insurance and Pensions
The panel discussion explores how data and AI are transforming the insurance and pension sectors.
Key highlights
Dr. Amlan Roy's Insights:
- Stressed the need for accurate, timely, and comparable data.
- Described the role of AI and big data in optimising insurance pricing and risk management.
- Emphasised the importance of tailored insurance products for different demographics.
Dr. Jason Wei's Perspectives:
- Emphasised customer-centric approaches in insurance and pension.
- Discussed the significance of digital and interactive models powered by AI.
- Highlighted the need for flexible pension products for different life stages.
Dr. Sabine Kapasi's Contributions:
- Spoke on the necessity of value-based insurance systems.
- Stressed preventive care as a critical area for insurance companies.
Pension Products and Trends:
- Discussion on how pension schemes should adapt to changing demographics and the need for flexible contribution plans.
- Highlighted the rise in participation in pension schemes like Atal Pension Yojana in India.
Conclusion:
The session summarised the importance of starting early in pension planning and discussed the integration of technology in insurance and pension for better customer reach and service.
Watch Full Session
Speakers:
- Dr. Amlan Roy, Partner LCP, Research Associate LSE (FMG & SRC), Author “Demographics Unravelled”, LSE & LCP
- Dr. Jason Wei Chenyang, Researcher & Director, Financial MBA Center, Tsinghua University PBC School of Finance
- Dr. Sabine Kapasi, Advisory to Global Strategy Team, United Nations
Moderator:
- Amol Dethe, Editor, ETBFSI & ETCFO, The Economic Times