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.
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