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

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