InsurTech 101 - Artificial Intelligence

Tuesday 24 September: We regret to announce that we have just been informed that our speaker has had to postpone this talk. We will rearrange it as soon as we can and hope that all those who booked will be able to attend the new date.

We apologise for any inconvenience caused by this news.

New technologies have been the “Uber” of business models, with new entrants regularly displacing established industry incumbents using models that existing players cannot compete against.

InsurTech is a batch of new entrants that are planning to fundamentally change the insurance industry by either displacing existing insurance companies, or by working with them for mutual benefit.

Having such a potential impact, we are delighted to welcome Sumit Sethi, Director of Sum It Consultancy to speak to us. During this free one-hour CPD seminar, Sumit will focus on Artificial Intelligence, Machine Learning and Deep Learning as he uncovers

• what these technologies are

• when they were created

• where they are being utilised

Sumit will also explore how these start-ups are transitioning into the insurance industry and which are the ones to look out for.

Online Booking
Open to all members and their guests, this event will be of general interest to everyone as InsurTech is likely to impact all areas of the insurance industry.

If you would like to join us, please use our online booking form by clicking on the Book Now button below.

Light refreshments will be available from 6.00pm until the seminar starts.

Learning Objectives
By the end of the seminar, delegates will be able to:

• describe the concepts of Artificial Intelligence (AI) including the nuances between Machine Learning and Deep Learning

• understand how these technologies have advanced since being developed

• cite the interdependent technologies that have propelled AI into businesses

• identify the current and future applications of these technologies

• recognise the main InsurTechs in this space and their value propositions

• overlay applications of AI across Broking, Claims, PFS and Underwriting

Getting There
If travelling by car, the nearest car park is in Cyprus Road at the back of the Town Council Offices building on Crescent Way. Please note that Pay & Display charges apply until 6.00pm, but parking is free after this.

Burgess Hill train station is about 7 minutes' walk from the venue.

Please note: this event will take place at the Council Chamber on the 1st floor. A lift will normally be available for delegates to access the training, but stairs will need to be used in the event of an emergency evacuation of the building.

About our Speaker
Sumit Sethi is a leading Change Professional with two decades of experience in General Insurance and most recently, within the Television and Telecommunications Industry. During this time, he progressed from Delivery to Strategy via Architecture, working seamlessly in both the Business and IT domains.

Sumit is both a qualified Chartered Insurer (ACII) and Chartered IT Professional (MBCS CITP). Across this journey, he has won several Awards from achieving the highest mark in the CII Personal Insurances Paper and most recently, became the first candidate to be awarded the BCS Advanced International Diploma in Business Analysis.

Sumit’s early career was in Delivery working as a hybrid Business Analyst and Project Manager, culminating in the creation of his own Business Analysis Practice. Exposure to more IT-centric projects led Sumit to specialise in Architecture working as an Enterprise Business Architect across a range of industries. This combination of Business and IT experience facilitated Sumit’s progression to his current path of Strategy and specifically, InsurTech. Most recently, Sumit has been undertaking Consultancy and Advisory engagements from a range of UK Insurers to the UK’s largest MGA and several start-ups.

Sumit served as the Treasurer for the Insurance Institute of Royal Tunbridge Wells (2015-17), provides mentoring to the Business Analysis community and describes his passions as Insurance and technology.

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