bpm summit 2013 - session 6b - business impact through technology & big data - alok kumar

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Business impact through technology & big data Case-study on portfolio visualization for better underwriting decision making @ Swiss Re.

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Page 1: BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

Business impact through technology & big dataCase-study on portfolio visualization for better underwriting decision making @ Swiss Re.

Page 2: BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

2

Swiss Re – a brief introduction

Case-study: – Swiss Re Bangalore's impact on business decision making through use

of technology & big data.

Agenda

Page 3: BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

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Giga-bytes of client data; global locations Business need: to properly quantify risks & take decisions on risks we are

taking, mostly by people sitting far away for locations of risks!

Common business scenario

Page 4: BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

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Developed a unique "GEO" platform using big data & GIS technology

GEO

SR NatCat

Insurance &

Economics

SR GeoData

Natural Hazards

Recent Events

Global Loss

Events

Demography

Proprietary data

3rd party data

Public information

Page 5: BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

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Allowing portfolio visualization along with key risk characteristics

Page 6: BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

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Enabling business with smarter decision makingAlmost the only source of information for very local loss potential like wild fire in California.

Page 7: BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

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Helping with alternative view of risk & impact!

Page 8: BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

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Domain knowledge combined with technology & big data is already making a big impact.

Focus on solution based approach with an ambition to move up the value chain.

Its not always about scale!

Key take-aways

Page 9: BPM Summit 2013 - Session 6b - Business impact through technology & Big Data - Alok Kumar

Thank you