#117 Successful Data & Analytics in the Insurance Industry

The insurance industry thrives on data from utilizing data and analytics to determine policy rates for customers to working with relevant partners in the industry to improve their products and services, data is embedded in everything that insurance companies do.

But insurance companies also have a number of hurdles to overcome, whether it’s transitioning legacy data into new processes and technology, balancing new projects and models with ever-changing regulatory standards, and balancing the ethical considerations of how to best utilize data without resulting in unintended consequences for the end user.

That’s why we’ve brought Rob Reynolds onto the show. Rob is the VP and Chief Data & Analytics Officer at W. R. Berkley, a multinational insurance holding company specializing in property and casualty insurance. Rob brings over two decades of experience in Data Science, IT, and technology leadership, with a particular expertise in building departments and establishing highly functioning teams, especially in highly dynamic environments.

In this episode, we talk in-depth about how insurance companies utilize data, the most important skills for anyone looking for data science jobs in the insurance industry, why the need for thoughtful criticism is growing in data science, and how an expertise in communication will put you ahead of the pack.