biltir conference - sept 18 2014

20
BILTIR – Life Reinsurance Operations – Why is it broken? September 18, 2014 Bermuda

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Bermuda International Lont Term Insurers and Reinsurers (BILTIR Conference) - Industry Presentation

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Page 1: BILTIR Conference - Sept 18 2014

BILTIR – Life Reinsurance Operations – Why is it

broken?

September 18, 2014

Bermuda

Page 2: BILTIR Conference - Sept 18 2014

2SEPTEMBER 18, 2014

MY 20 MINUTES WITH

YOU…

1. A brief history of the operations of life reinsurance

a. The Market

b. The Reinsurance Administration Operating Model

2. What really smart people are doing with data

3. The Data Era

4. The Quantified Self

Page 3: BILTIR Conference - Sept 18 2014

3SEPTEMBER 18, 2014

INFORCE & AVERAGE FACE AMOUNTS

Page 4: BILTIR Conference - Sept 18 2014

4SEPTEMBER 18, 2014

Page 5: BILTIR Conference - Sept 18 2014

5SEPTEMBER 18, 2014

LIFE INSURANCE SERVICE CHAIN

INSURED

AGENT

MGA/BGA

INSURER

REINSURER

RETROCESSIONAIRE

Page 6: BILTIR Conference - Sept 18 2014

6SEPTEMBER 18, 2014

DATA FLOW IN INSURANCEMID 1980’S TO MID 1990’S

Page 7: BILTIR Conference - Sept 18 2014

7SEPTEMBER 18, 2014

DATA FLOW IN INSURANCEMID 1990’S TO MID 2000’S

Page 8: BILTIR Conference - Sept 18 2014

8SEPTEMBER 18, 2014

DATA FLOW IN INSURANCETODAY???

Page 9: BILTIR Conference - Sept 18 2014

9SEPTEMBER 18, 2014

Page 10: BILTIR Conference - Sept 18 2014

10SEPTEMBER 18, 2014

CAPTCHA AND RECAPTCHA

Page 11: BILTIR Conference - Sept 18 2014

11SEPTEMBER 18, 2014

DATA & SOCIAL REACH

Page 12: BILTIR Conference - Sept 18 2014

12SEPTEMBER 18, 2014

DATATHE ZETTABYTE ERA

Page 13: BILTIR Conference - Sept 18 2014

13SEPTEMBER 18, 2014

WHAT IS A ZETTABYTE?

Page 14: BILTIR Conference - Sept 18 2014

14SEPTEMBER 18, 2014

Page 15: BILTIR Conference - Sept 18 2014

15SEPTEMBER 18, 2014

THE INTERNET OF THINGS

Page 16: BILTIR Conference - Sept 18 2014

16SEPTEMBER 18, 2014

Where is all this data coming from?

Page 17: BILTIR Conference - Sept 18 2014

17SEPTEMBER 18, 2014

Before you hit “ACCEPT”, read the fine print … …

Allowing app to access:

1) Device 2) Identity3) Contacts/Calendars4) Location5) SMS (Text Msgs)6) Phone 7) Photos/Media/Files

… your entire personal identity

privacy and ownership of your information is gone…

Page 18: BILTIR Conference - Sept 18 2014

18SEPTEMBER 18, 2014

Page 19: BILTIR Conference - Sept 18 2014

19SEPTEMBER 18, 2014

WEARABLE TECH & THE QUANTIFIED SELF

Page 20: BILTIR Conference - Sept 18 2014

20SEPTEMBER 18, 2014

Chris Murumets, CEO, LOGiQ3

Website: www.logiq3.comEmail: [email protected] YOU!

CONNECT WITH ME @cmurumets

/chrismurumets