Sahiti Chintapalli

Greater Chicago Area Contact Info
475 connections

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About

P&C Insurance Business Analyst with varied experience in Agile project activities like…

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Experience & Education

  • Capgemini

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Licenses & Certifications

  • AINS23

    Cpcu Society

    Issued
  • AINS21

    Cpcu Society

    Issued

Publications

  • Insurance Product Design

    Internal use only

    Continuous underwriting is becoming more of a necessity than a luxury for global insurers. With Advent of IOT there are new data sources including wearables and sensor based devices that allow carriers to analyze new data sets and to detect correlations through multi-variate analysis as opposed to single-variable analysis (Based on historical values).
    Yes there is so much of data available to the carriers but the amounts of insights have not gone up, why?
    Laden by the legacy systems and…

    Continuous underwriting is becoming more of a necessity than a luxury for global insurers. With Advent of IOT there are new data sources including wearables and sensor based devices that allow carriers to analyze new data sets and to detect correlations through multi-variate analysis as opposed to single-variable analysis (Based on historical values).
    Yes there is so much of data available to the carriers but the amounts of insights have not gone up, why?
    Laden by the legacy systems and the organizational silos that exist within them, data is available in abundance but are in silos
    In our recent paper my friend Sahiti and I, while discussing on the need for continuous UW and Dynamic Product creation, highlighted the issues faced by insurers making them remain poor interms of insights, failing to extract measurable business value from the data available.
    So here is a brief of what we think carriers should do in order to get their information together and make sure they underwrite and price intelligently
    • Bringing the data silos together and combine with external/machine data on customer expectations ,behavior, utilization etc - Building a Foundation
    • Model the behavior patterns and risk proxies
    • Create rating algorithms that are inclusive of these data sets
    • Ingest the modeled risk data onto product design and pricing process – This is will help them simplify products and co-create new products
    • Constantly evaluate inclusiveness of underwriting and pricing parameters to ensure the new proxies are considered.

Languages

  • English

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  • Telugu

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  • Hindi

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Organizations

  • Together We Care- an ngo working to improve living conditions and education for the underprivileged

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    - Present

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