InsurTech Consulting has been the primary focus at Actuaria . Our first assignment, way back in October 2017, was to help a UK based gaming company collaborate with re/insurers. And since then we have helped over a half – a – dozen InsurTechs in various capacities. This ranges from helping an early – stage InsurTech get a license under Regulatory Sandbox arrangement to advanced stage InsurTech partner with re/insurer(s)
Over a period of time, we have developed the following simple and effective framework that we rely on. Needless to say, this, like the InsurTech world, is fast evolving.
It is evident that there are no “arrows” in the framework and that’s because there is no fixed order that would fit all. For example, when one is trying a new line of product, it is important to first talk to the re/insurers in order t o get validation of the idea and fine – tuning can continue till the very end.
Sumit, the founder and consulting actuary, is also an Information and Communication Technology engineer and has played an instrumental role in helping global InsurTechs clients leveraging on cutting – edge technologies like Blockchain, Artificial Intelligence / Machine Learning and Data Science with applications in Life, Health and General (or Property & Casualty) Insurance .
Some of our esteemed clients include