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Transformation with “Insurtech” and Advanced Analytics
May 9, 2017 @ 6:30 pm - 9:00 pm
Insurance is one of the biggest industries certainly in early stages of digital disruption, this session explores the future landscape of Insurance with advanced analytics.
Insurance was the first “big data” industries in many ways, but legacy structures, high-levels of gov-ernment regulation, and reliance on out-dated technology have kept insurance companies from inno-vating until recently. Big data and analytics is transforming the industry and innovative startups have exploded over the past 18-24 months. What was once considered futuristic is not commonplace.
What will the insurance industry look like in 5-10 years? How will the availability of data, IOT, cloud computing, and advanced analytics capabilities change how insurers price risks? How many risks can be eliminated or changed due to the rise of driverless cars and smart technologies? How will this change how we consume and cover risk?
Week of $15
At the Door $20
Registration will close at 12pm on 5/9. You may register at the door with cash/check only.
Karl Stark (Speaker) ’01
Karl Stark is the CEO of Elagy, an insurance analytics and technology platform and digital MGA.
Elagy is one of many businesses within Avondale, a portfolio of entrepreneurial growth businesses, which was founded by Mr. Stark in 2004. At Avondale, he built an impressive track record of building big businesses within large corporations, partnering with investor groups to create growing business-es through acquisition, and transforming stagnant businesses into growing businesses. In the insurance space, Avondale built a health solutions business in partnership with a major financial services company, a small commercial business for a global carrier, as well as a data-driven insurance offering for a large agency force. Avondale is a three-time Inc. 500/5000 recipient, and in 2011, Avondale was named by Inc. as the 95th fastest-growing private company and the #1 fastest-growing strategic advisory firm in the nation.
Mr. Stark has been a frequent columnist for Inc.com, the website for Inc. Magazine. Prior to founding Avondale, he was a consultant with Marakon Associates, A.T. Kearney, and Sibson & Company.
Mr. Stark is an active investor in growing companies and serves on the board of Peeled Snacks and Full Circle Terminal. He is a board member at Youth Outreach Services, a Chicago-based non-profit social service agency helping kids and families in crisis. He is also member of the Economic Club of Chicago, the Executives’ Club of Chicago, and Entrepreneurs’ Organization. He holds a Masters of Business Administration from the University of Chicago Booth School of Business and a Bachelor of Arts in Economics and Political Science from Northwestern University. He lives in Chicago.