“Logical mindset, process oriented and a quick learner are the three best adjectives for Sahiti Chintapalli.”
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🌟 Proud Moment to Share! 🌟 . . I am thrilled and deeply honored to announce that I have been recognized as one of the "40 Under 40" leading data…
🌟 Proud Moment to Share! 🌟 . . I am thrilled and deeply honored to announce that I have been recognized as one of the "40 Under 40" leading data…
Liked by Sahiti Chintapalli
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Merry Christmas and Happy Holidays everyone ! As we wrap up 2023 , I wanted to express my gratitude for moving into a new role - both personally and…
Merry Christmas and Happy Holidays everyone ! As we wrap up 2023 , I wanted to express my gratitude for moving into a new role - both personally and…
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Experience & Education
Licenses & Certifications
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AINS23
Cpcu Society
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AINS21
Cpcu Society
Issued
Publications
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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
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English
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Telugu
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Hindi
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Organizations
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Together We Care- an ngo working to improve living conditions and education for the underprivileged
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- Present
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I am deeply honored to have received an invitation to become an official member of the Forbes Human Resources Council. Thanks, team Forbes!🙏 I…
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I’m happy to share that I’ve obtained a new certification: Salesforce Certified Omnistudio Consultant from Salesforce!
I’m happy to share that I’ve obtained a new certification: Salesforce Certified Omnistudio Consultant from Salesforce!
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View my verified achievement from Microsoft.
View my verified achievement from Microsoft.
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