Changing the game through data analysis: telematics and the Internet of Things
In this IIL accident lecture Linden discussed in detail the relationship between macro trends, insurance telematics, the wider use of data and technology and IoT. Additionally, he examined the current application of telematics, as well as the future use of technology in risk management.
Linden explained that insurance has entered digitalisation late and, given that digitalisation was key in disrupting and transforming several industries, a risk exists that the same will happen with insurance. The lecture also discussed trends that will affect this journey and summarised the current use of data and technology in insurance with the intention of providing an honest account and forecast. Briefly, Lindsen also looked at the wider application of IoT discussed in the context of connected homes, e-health and ultimately, insurance and risk management.
By the end of this lecture members would have gained an insight into:
- Telematics in practice: how is telematics changing motor insurance
- Analysing big data: the challenges and rewards
- Property, e-health and life from risk transfer to risk mitigation
Linden is an executive with experience in consulting and large corporations (Centrica, Virgin Media). Within 2 years of becoming MyDrive's CEO, the business was operating in 12 countries worldwide. In 2015 Generali acquired MyDrive by putting technology in the heart of their strategy.
Andy Keefe ACII, Casualty Placement at Marsh.
Registration & Security
IIL lectures are open to Lloyd's pass holders and CII and PFS/SMP members.
All attendees must register online by 10.30am on the day of the lecture.
All attendees must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport.
- Email confirmations and photo ID must be produced to security staff at the lecture venue
- Attendance confirmations are non-transferable to any other person or lecture
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This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.