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Episode 7: Data is the new oil in Insurance too.

Welcome to FS Brew!
FS Brew is the region’s first podcast focusing on all things insurance and insurtech, here in the UAE and the wider Middle East.

Today we get into the world of data with Varghese Skariah, the regional head of data in RSA, Middle East. Varghese has been working with RSA for past 14 years across various geographies. He started his career as an Actuarial Analyst and rapidly rose to his current position as Regional Head of Data.
He has an MBA from University of Chicago Booth and Bachelor of Arts in Mathematics (Hons) from Delhi University.
Questions and topics:
Q2: A number of reports point out that Data is the new Oil. How does that translate in the Middle East in the Insurance space?

Q3: What are the key areas that you focus on from a Data point of view in your business? What is your role on the executive team?

Q4: What does the team structure of a data driven organization look like? What key decision making routines works best?

Q5: Where does insurance industry lie on the maturity curve in terms of the scale of usage and exploitation of data? Let us say that reporting is level 0 and use of AI is Level 5

Q6: Collecting data is one thing but structuring it and using it optimally is another. What tools, apps, tech that RSA uses to harness the data truly.

Q7. Can you give us some examples of specific output such as a new product or customer proposition developed as a result of harnessing the data intelligence well?

Q8: Autonomous vehicles - will data itself pull the plug on the region’s largest general insurance portfolio?

#insurance #UAE #Insurtech #datascience #fsbrew