Session E The impact of AI on the car insurance industry Oculus Breakout Space
This talk will look at the impact of AI on the car insurance industry. With mobile phones, electric vehicles and emerging Connected Car and Autonomous Vehicle technologies, the depth and breadth of data available on customers’ driving is at unprecedented levels. This means that the traditional approach to data analytics will not work in this new era. As a result, AI is changing all different aspects of car insurance, from risk assessment and pricing to customer engagement and operations management. The talk will also share Driverly’s case study, an award-winning insurtech based in Cardiff. This session will be introduced by Dr Bo Kelestyn, Associate Professor and Course Director (MSc Management of Information Systems & Digital Innovation).
Armin Kia Co-Founder and CEO of Driverly
Armin is a FinTech/InsurTech entrepreneur, passionate about developing new tech-led customer propositions. With a background in technology and an MBA from Alliance Manchester Business School, in 2014 Armin joined Admiral Group, the largest car insurer in the UK, where he used data and technology to innovate Admiral’s existing product lines and launch new products for the Group. He started Driverly in 2021 to make car insurance work for young drivers. Driverly offers flexible monthly subscription policies, powered by AI, designed for young drivers. The start-up uses AI algorithms to assess the customer’s driving risk more effectively than the market and to adjust the insurance premiums on a monthly basis, more dynamically than the competition. The start-up won the Fintech Start-up of the Year award and has been shortlisted for the Best Use of AI award in 2023.
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warwickmba.com
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MBA Alumni and Student Conference
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