HOW BIG IS BIG DATA FOR AN INSURER LIKE AXA? CHALLENGES & - - PowerPoint PPT Presentation
HOW BIG IS BIG DATA FOR AN INSURER LIKE AXA? CHALLENGES & OPPORTUNITIES Paris Big Data Management summit 24 nd March 216 Philippe Marie-Jeanne Group CDO & Head of the Data Innovation Lab Philippe.mariejeanne@axa.com Big Data is an
Paris Big Data Management summit 24nd March 216
3 | SMART DATA AND DATA INNOVATION LAB
Acquisition Customer value Claims cost control UW & Pricing Breaking new insurance grounds
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AN INTERNATIONAL TALENT POOL SPECIFIC METHODOLOGIES DATA! A TEAM OF SELECTED EXPERTS PLATFORMS & TOOLS
AXA Information System
SOFTWARE ENGINEER
SMART DATA AND DATA INNOVATION LAB
Big Data system engineer Project manager Legal officer
Is privacy (and ethic) becoming a luxury good? (from London Strata 2015)
6 | Big Data update
Why data privacy matters for AXA? AXA's Data Privacy Declaration AXA’s Data Privacy Advisory Panel Safeguard personal data Use of Personal Data Dialogue and Transparency
Da Data Priv rivacy Fr Framework
Binding Corporate Rules Data processing agreement Data retention and life cycle management –GDPR compliance Data residency policy
IT architecture Anonymization process Encryption Privacy impact assessment Security test
7 | Big Data update
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> An industry perspective
* From an idea of F. Bach Biased Redundancy Growing volume Real-time Low Meta data management Maturity Acess to data Data quality (format, missing data, noise…) Historic duration Unstructured data Curse of dimensionality (generalization challenge) Biased Rare Imbalanced Noisy
X X X o
inference) Not randomized treatment Interpretability Reality Performance monitoring and causality (e.g. homophily vs influence, true lift)
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Key challenges to really change the business