Comments on: Brian Duperreault: ‘We’re Living In A Digital Age’ https://bernews.com/2015/12/dd-brian-duperreault-keynote-speech/ Bermuda's #1 source for 24/7 breaking news, photos & videos Sat, 04 Apr 2026 18:04:34 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: hmmm https://bernews.com/2015/12/dd-brian-duperreault-keynote-speech/#comment-3134555 Fri, 18 Dec 2015 13:01:23 +0000 http://bernews.com/?p=477868#comment-3134555 Big Data modeling of risk with self generating algorithms is relatively simple. If the risk results in a higher premium being demanded and your competitors charge a lower premium, then you lose the business…Yes that may be good, but what happens when you loses 80% of your business in an underwriting period because of your Big Data risk reward pricing!
Big data can be manipulated…People will game the system to get lower premium cost.

The next change is decoupling and commoditizing elements of a reinsurance policy. Weighting portfolio by those elements. the risk in the risk and all traded on a market platform. Similar to online Stock, FX or perhaps futures trading. Risk futures, where the ultimate holder bears the risk.

]]> By: Denis Pitcher https://bernews.com/2015/12/dd-brian-duperreault-keynote-speech/#comment-3134187 Fri, 18 Dec 2015 01:09:08 +0000 http://bernews.com/?p=477868#comment-3134187 It seems a sad reflection on Bermuda that Silicon Valley is the place where industry and entrepreneurs are gathering to figure out how to disrupt the traditional insurance model.

Bermuda with its insurance and reinsurance resources should be a place of incubation leading such a disruption. Unfortunately that is not the case.

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