BS webinar on De-risking the Risk Business: 'Digital road too has potholes'

Traditional data sources such as demographic data or exposure data are increasingly combined with new sources such as online or telematics-data

Anurag Rastogi would like to think of actuaries as crystal-ball gazers. “Actuarial models are getting to be digital; and the amount of data that’s flowing in is huge,” said the chief actuary and chief underwriting officer at HDFC ERGO General Insurance. It’s making sense of the data which is critical – or you might end up eating shattered glass.

“Insurance continues to be a push product. That’s because there is no central data base. The challenge is in creating micro-segments”, he added. It’s his way of putting it across that rather than hawk one-size-fits-all products to customers, bespoke will be the