Industry Track – Insurance

A number of challenges – customer profitability, risk management, claims processing, increased competition and regulatory compliance – are causing insurance companies to search for new ways to obtain greater value from their information.

Learn how advanced analytics and predictive modeling can support Solvency II legislation. More extensive discussion on the challenge facing insurance companies will take place in the Networking Hall. For example, ways to improve claims validation, reduce risk, maximise customer retention and ultimately drive profitability.

Learning objectives

• Proactively detect and prevent fraudulent activity by individual and organised fraud rings.
• Learn how insurance companies are improving customer retention and ultimately increasing customer lifetime value.
• Gain insight into how to address Enterprise Risk Management and the Solvency II legislation.

Presenting organisations include:

• Tapiola Group

Solvency II – A Blessing or a Curse?
Speaker: Markku Paakkanen, Director, Financial and Data Administration, Tapiola Group

Solvency II aims at the implementation of the new solvency regime for European insurers in 2012. The goal of Solvency II is to ensure a high standard of risk assessment and efficient capital allocation. It should also contribute to increased transparency and policyholder protection and help in the development of a level playing field across the European insurance business.