Disrupting the life insurance market: What part can behavioural science and technology play?
By Richard Purcell, Hymans Robertson.
Thursday 14th September 2017, 18:00 - 21:00
Cass Business School, Lecture Room 2003
106 Bunhill Row
London
EC1Y 8TZ
Description
The life insurance market has seen relatively little disruption to date. However technology and behavioural science have been drivers of disruption in various other markets. The question is how can they be harnessed to do the same in the life and critical illness markets?
We will start by considering how the need for life and critical illness insurance is evolving, and the challenges traditional insurance models face. We’ll also explore some key behavioural science theories and new technologies such as wearables, and how they could be applied in an insurance framework. The talk will use case studies to analyse some of the early successes and challenges where these technologies and techniques have been applied so far.
About the speaker
Richard is Technical & Innovation Lead for the Life & Financial Services practice at Hyman Robertson’s. During his career he has worked in a variety of roles across risk, product development and marketing, and most recently as Head of Technical Marketing at Vitality.
Richard is also Editor of The Actuary magazine, and a member of the Institute & Faculty of Actuaries working party looking at Risk Management in a Digital World.
Agenda
18:00 - 18:30 Registration
18:30 - 20:00 Presentation and Q&A (Lecture Room 2003)
20:00 - 21:00 Networking over drinks and nibbles (Second Floor Milling Area)
About TANC - The Actuarial Network at Cass
TANC is a special interest group that organises events for Actuarial Alumni and friends of Cass Business School and City University. We offer unique and interesting events in slightly wider fields than actuarial professional may typically have access to through their work. This is a unique opportunity for you to be involved in a community for those interested in continuing professional and personal development amongst like-minded professionals, alumni and friends and to have some fun too!
The event is now sold out. For further enquiries, please contact TANC@city.ac.uk.