Navigating the Future: The Role of Policy Administration Systems in Insurance
Hosted together with IEEE Chicago, IEEE Computer Society Chicago, IEEE WIE Chicago, IEEE YP Chicago, IEEE Central Illinois Section and ACM Chicago, we are pleased to present this event.
This presentation offers a comprehensive exploration of Policy Administration Systems (PAS) and its integral role in the insurance industry. Designed to manage all aspects of insurance policies, a PAS automates essential tasks such as policy creation, claims processing, billing, and customer relationship management. By streamlining these operations, PAS enhances efficiency and accuracy, serving as the backbone of insurance operations. Attendees will gain insights into how PAS functions as a system of record for policy transactions, ensuring data integrity while maintaining compliance with industry regulations.
Furthermore, the presentation will discuss the various options available for obtaining a PAS, including building custom solutions, purchasing third-party systems, or partnering with insurance-as-a-service providers. Challenges associated with implementation will also be addressed, along with future trends that are shaping the evolution of PAS in the context of emerging technologies like artificial intelligence and machine learning. By the end of this session, participants will have a clear understanding of how Policy Administration Systems transform insurance operations and their significance in delivering an enhanced digital experience for customers.
Date and Time
Location
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Registration
- Date: 21 Nov 2024
- Time: 05:00 PM to 06:00 PM
- All times are (UTC-06:00) Central Time (US & Canada)
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- Co-sponsored by ACM Chicago
Speakers
SHARMILA CHANDARIAH
Navigating the Future: The Role of Policy Administration Systems in Insurance
Speaker Session on Navigating the Future: The Role of Policy Administration Systems in Insurance.
Biography:
Sharmila Devi Chandariah is a Senior Technical Lead with extensive Industry experience more than a decade, Senior IEEE member. Have been working in the Fintech Industry for 15 years handling several Banking and Insurance Clients demonstrating exceptional leadership and technical expertise. Her expertise lies in developing web applications , Policy Administration System implementation and transformation solutions for US Property & Casualty Insurance. She leverages her Guidewire Certified ACE credentials and Policy Migration expertise to deliver innovative solutions for insurance clients. She has been recognized with the Star Associate Award for her contribution to the development of the Policy Migration tool as Transient Schema, which enabled faster and more accurate data migration from legacy systems to New Policy administration systems. Being passionate about applying Machine Learning, Deep Learning and NLP to enhance the insurance domain applications, she delivered solutions to current business problems in her area of expertise leveraging Generative AI. Her various Generative AI solutions such as Test to SQL generation, Knowledge management, Splunk has provided considerable savings for Clients. She is the Innovation Lead in Fortune 500 company for her account, where she will review, provide feedback about the Innovative solutions provided by her Peers so that it can be implemented as a right solution to Client problems. Her dedication to excellence and innovation establishes her as a pivotal leader in advancing technology within the fintech sector.
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Agenda
5:00 to 5:05 PM Introduction and welcoming remarks,
5:05 to 5:45 PM talk,
5:45 to 5:55 PM Q&A,
5:55 to 6 PM Closing and adjournment