The Association of Kenyan Insurers (AKI), in strategic collaboration with Caava VantagePoint AI (CVPAI) are set to host a conference and innovation symposium aimed at revolutionizing the retail insurance sector through the transformative power of Artificial Intelligence (AI) and Machine Learning (ML).
Slated for May 9 – 10, 2024 at the Emara, Ole Sereni Hotel, Nairobi, the event is set to be a landmark gathering for the insurance sector players in Kenya.
Building on the success of the inaugural event in February this year, which attracted 40 C-Suite executives from the insurance industry, including CEOs, CIOs, and COOs, the upcoming conference seminar will explore the implementation and adoption of strategies crucial for propelling the industry forward.
According to Ayisi Makatiani, the founder and CEO of Caava VantagePoint AI: “The upcoming high-level conference represents a unique opportunity for stakeholders in the financial services sector to gain invaluable insights into leveraging AI and ML technologies to drive innovation and enhance customer engagement in the insurance industry.”
The key highlights include In-depth Exploration: Dive into the transformative potential of AI and ML in the retail insurance sector, with a special focus on micro-insurance which in turn will give industry players access to cutting-edge insights, strategies, and practical tools to enhance product innovation, operational excellence, and customer engagement, connect with industry peers, professionals, and potential mentors or investors to foster collaboration and growth.
According to Ayisi, AKI and CVPAI’s strategic partnership aims at driving innovation and knowledge exchange in the insurance sector through AI/ML technologies.
Some of the top speakers during the two-day #AIMLSeminarKE include:
- Charles Luo, Partner, Audi & Assurance, Deloitte
- Nancy Aketch, the MD, SYNI AI Africa
- Moses Kemibaro, CEO, DotSavvy
- Charlotte Kepadisa, Head of Big Data & AI, Safaricom
- Anne Manyara, COO, Jubile Life Insurance
- Catherine Muraga, MD, Microsoft ADC, Nairobi
- Justine Kosgey, CEO and Principal Officer, AAR Insurance
- Beatrice Hiuhu, Director, Operations, Heritage Insurance
- Harrison Muiru, Group MD, Smart Applications
- Jack Ngare, Technical Director, Office of the COO, Google
In collaboration with the Conference, AKI and CVPAI participants have been invited to take part in an exhilarating and exceptional AKI AI Innovation Challenge. The competition aims to revolutionize the insurance sector by harnessing the advanced capabilities of AI.
“The AI Challenge is part of the activities leading up to the Artificial Intelligence and Machine Learning Seminar slated for 9th and 10th May in Nairobi. With the rapid advancement of AI and ML technologies, the insurance industry stands on the cusp of a profound transformation. “Our objective for the seminar is to catalyse the adoption of AI and ML innovations by the insurance industry to transform retail insurance products and insurance operations from pricing, underwriting, to distribution and even claims management,” said AKI Executive Director, Tom Gichuhi.
Participation has been narrowed down to one corporate team per entry and they will be challenged in data analysis, uncovering insights, and craft compelling, AI-driven solutions to enhance accessibility, efficiency, and personalization in insurance products and services.
The challenge will offer unique benefits including enabling participants to showcase innovation by presenting solutions to a panel of industry leaders and AI experts, win attractive prizes for the most innovative and impactful proposals, educate and engage with workshops and webinars designed to elevate your understanding and application of AI in insurance and to network and collaborate with the aim of connecting with peers, industry professionals, and potential mentors or investors.
Submissions will require a comprehensive report with presentation detailing insights, complete with visualizations and strategic recommendations.
Corporate Challenge application form: Submission Link https://www.shorturl.at/wPQ01
The second phase will include live competition and winner selection followed by feedback on preparing live presentations and live demonstrations when finalists present their solutions live at the seminar. Finally, the judging and feedback panel will provide feedback based on effectiveness, innovation, and potential impact.
The Association of Kenyan Insurers (AKI) is the umbrella body of all insurance companies in Kenya. AKI’s mission is to create an enabling environment that promotes growth and excellence in the insurance industry.
Caava VantagePoint AI (CVPAI) is a provider of AI-driven solutions, empowering businesses across various industries to unlock new opportunities and achieve sustainable growth.
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