Mike Brockman, ThingCo, describes the early actuarial challenges to motor insurance pricing and the development of Generalised Linear Models as a pricing tool. He will then go on to talk about telematics and why he created insurethebox having already co-founded EMB (which is now part of Willis Towers Watson).Having sold insurethebox to the MS&AD Group (the 8th largest insurer in the world), Mike will describe how ThingCo is taking telematics to the next level using Camera, ADAS and Voice in-car technology to collect more than 1,000 pieces of information per second.
About the speaker, Mike Brockman, ThingCo
With close to 4 decades of experience in the motor insurance sector, Mike Brockman is truly one of the world’s experts in motor insurance.
Having spent several years as a Pricing Actuary, Mike co-founded EMB in 1993, an actuarial consultancy, that grew to having 11 offices around the world with more than 300 staff. Mike was instrumental in developing new pricing techniques and their applications to risk and demand modelling within the actuarial profession world-wide.
In 2009, Mike founded InsureTheBox, the world’s first telematics-only motor insurer, selling more than 800,000 black box policies during this time, and writing more than $1bn Gross Written Premium. With the insurer now fully owned by the MS&AD Group, Mike has moved on to his third new venture, ThingCo, with a plan to take telematics to the next level. ThingCo is developing B2C, B2B and B2B2C solutions making use of data from telematics, camera/sensor, ADAS and Intelligent Voice.
18:00 - 18:30 Registration
18:30 - 20:00 Presentation and Q&A
20:00 - 21:00 Networking and refreshments
Room 3002, Cass Business School
106 Bunhill Row
Nearest Public Transport
Nearest London Underground station is Old Street (Northern Line-Bank Branch).