Automating Finance Operations - The Insurance Network

Automating Finance Operations

8:00 - 10am | 28th June 2017 | The Gherkin
Automating Finance Operations
Overcoming the practical challenges of automation, AI and machine learning in insurance

Sponsored by:
Gresham-Logo-web

Traditional, manual finance processes for and between insurers and brokers are ripe for automation in order to drive efficiencies, reduce duplication & errors, and remain compliant.

AI will be the next step in the journey and the technology is here – however, effectively implementing it is easier said than done with multiple, complex systems and processes, working across many departments and companies

This breakfast will feature a practical case study from Jacob Ayres-Thompson at Just Group outlining the award-winning work they have done with AI as an example of bringing finance and IT teams together to automate existing manual processes and develop new, more efficient ways of working. Jacob will also discuss the future of AI in insurance operations.

Topics to be covered include:

  • Implementing AI and machine learning technologies on legacy systems and processes
  • Developing systems and workflows that drive efficiencies – and provide better management oversight
  • Automating the process of comparing insurers data to brokers
  • Overcoming the practical challenges of effective ‘reconciliation of accounting’ between organisations
  • How do you achieve the cost cutting through automation?

Speaker:

jacob ayres-thomson award web


Jacob Ayres-Thomson
AI Designer and Head of Data Science
Just Group Plc
Data 50 Winner 2017 "Financial Services"

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AGENDA

08:00 Registration and refreshments

08:15 Breakfast of your choice with views over the city
(Full English, smoked salmon & scrambled eggs or continental)

08:40 Introduction by the chair

08:50 Presentation

CASE STUDY: Developing an AI system for effective Asset Liability Management (ALM)

  • Applying data science and machine learning principles to the complex and dynamic ALM challenge
  • Developing an AlphaGo system for ALM where the AI "learns by playing" with the balance sheet
  • Assessing the results – how the AI was able to simultaneously find an opportunity to materially boost IFRS profits, release cash and unlock capital
  • Future applications and implications of this type of financial automation in insurance

Speaker:

jacob ayres-thomson award web


Jacob Ayres-Thomson
AI Designer and Head of Data Science
Just Group Plc
Data 50 Winner 2017 "Financial Services"

09:05 Roundtable discussions and feedback

10:00 Close

If you are having trouble registering please call 020 7079 0270 and we will be happy to assist with your booking.

VENUE

The Gherkin
30 St Mary Axe
London
EC3A 8EP


How to get there?

By Tube

» Aldgate
» Bank


By Rail

» Fenchurch Street
» Liverpool Street


Car Parking

» Local street parking nearby


SPONSORED BY

Gresham-Logo-web

Gresham’s flagship Clareti Transaction Control (CTC) is trusted by leading insurance brokers and underwriters to manage, control and understand their data. An industry leading matching and reconciliation solution, renowned for its agility and speed of deployment, CTC automates query and exceptions management, accelerating the matching process, removing manual error and reducing failure rates.

Developed by Gresham Technologies plc, the category leaders in enterprise data integrity, CTC is used by some of the world’s leading financial institutions to guarantee the accuracy, completeness and timeliness of their data.

For more information, please visit www.greshamtech.com

To find out about the sponsorship options available please:
Submit your sponsorship enquiry here »
Or contact Phil Middleton, +44 (0)20 7631 0034, phil@the-insurance-network.co.uk

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