Ethical AI and the digitally transformed insurance company of the future

Posted by Mike Walsh

Mar 19, 2019 6:44:15 PM

Phil Armstrong

 

Despite being one most traditional and conservative sectors in the world, insurance is a sector primed for digital transformation and reinvention through AI. I met Phil Armstrong, the Global Chief Information Officer and Executive Vice-President at The Great-West Life Assurance Company while speaking at event for them in Toronto. Great West Life is a 32 billion dollar financial services holding company with interests in the life insurance, health insurance, investment and retirement savings, and reinsurance businesses. Armstrong has been a key driver of adopting automation to transform their operating model, and we spoke about the challenges of embracing AI while maintaining legacy platforms, digital ethics, his vision for a ‘factory of bots’, and the new kinds of algorithmic talent that companies will need to thrive in this environment.

 

CATEGORY: Technology, Insurance

Reinventing life insurance

Posted by Mike Walsh

Feb 25, 2018 8:54:41 PM

Gautam Thakkar

 

The Life Insurance industry is a fascinating case study in the challenges, and the potential rewards of digital transformation. Traditional insurance carriers have been largely slow to transform themselves, with many policies hosted on a multitude of legacy platforms. But change is coming, in the form of new types of insurance companies, like Haven Life, a spin-off from MassMutual, which uses AI and machine learning to radically reimagine the customer experience. To learn more about this complex industry, I had coffee with Gautam Thakkar, who is the CEO of se2, a company that builds platforms for 21st century insurance carriers.

 

CATEGORY: Technology, Insurance