August 17, 2017

IoT USA- Webinar (audio) – “Turning Data into Gold”

The proliferation of IoT devices is flooding the insurance industry with data that represents the new “oil” – the commodity that will change both the world and insurance. But effectively improving insurance products, service and offerings requires the key to unlocking the data – real-time analytics.

This webinar will give you the tools and strategies you need to deploy an IoT analytics strategy from data and AI to fully capitalize on the opportunities of the future, including:

• Get Your Data Ready to Work: IoT is generating a tremendous amount of data, continuously and at a very granular level – what do you need to achieve to prepare your data to be integrated, stored and utilized for real-time insights?

Proudly sponsored by DataRobot and featuring speakers including Ty Sagalow, Founding Member, Lemonade and Satadru Sengupta, General Manager & Data Scientist, Insurance, DataRobot and Rahim Rajpar, AVP, Strategy & Business Development, John Hancock Insurance .

Ty Sagalow's unique background in legal, underwriting, policy drafting and claims – and his designation as a “qualified insurance expert” by the United States District Court for the Southern District of California – offers attorneys an unparalleled resource in D&O, E&O and Cyber insurance coverage disputes. He was also named "Most Helpful Expert" in a recent $8.7M coverage decision.

Mr. Sagalow served as Chief Underwriting Officer and General Counsel for AIG Executive Liability (formerly National Union Fire Insurance Company of Pittsburgh, PA), the world’s largest carrier of Directors and Officers Liability and Professional Liability Insurance. As General Counsel, Mr. Sagalow personally wrote or led teams that wrote all the D&O policies and many of the professional liability policies that AIG produced between 1988 and 2000 – policies which continue to serve as the foundational wording for the D&O and professional liability policies in the market today. As AIG Executive Liability’s Chief Underwriting Officer, Mr. Sagalow was charged with all underwriting interpretations and decisions for AIG D&O/E&O policies. In 2009, Mr. Sagalow headed up the team that rewrote all D&O policies for Zurich North America.

Ty is a cum laude graduate of Georgetown University Law Center and holds a LLM from New York University School of Law.

Ty Sagalow Mr. Sagalow is a founding member of Lemonade. Founded in 2015, Lemonade is the first licensed and regulated InsureTech insurance company in the United States. Lemonade offers homeowners and renters insurance powered by artificial intelligence and behavioral economics. Launched in September 2016 in New York, Lemonade Insurance Company is operating in both New York, New Jersey, California and Illinois (as of 9/1/17) with expected operations in multiple additional states in the coming weeks and months. In its first 9 months of operations, Lemonade captured 1% of the NY Renters market and now issues over 2,000 new policies every week.

On July 1, 2017, Ty retired from his position as Chief Insurance Officer of Lemonade but continues as a board member of the Lemonade Insurance Company, and regularly advises other companies in the Fintech/InsurTech space.

Ty is a 36 year senior insurance executive veteran. Most of Ty’s career was spent at AIG where over a 25 year period he held various positions including Chief Underwriting Officer and General Counsel of AIG Executive Liability (D&O, E&O), Chief Operating Officer of AIG eBusiness Risk Solutions (Cyber insurance) and President of AIG Product Development. Following AIG, Mr. Sagalow was Chief Innovation Officer of Zurich North American and Chief Innovation Officer of Tower Group. Immediately prior to Lemonade, Ty founded Innovation Insurance Group, LLC, a premier consulting firm to the insurance industry.

Mr. Sagalow is considered on the world’s experts in innovation in the insurance industry having been credited with creating various insurance products including Y2k Insurance, (Entity Cover) Directors and Officers Insurance, Cyber insurance, Reputation Insurance, Collectible Authenticity Insurance and Intellectual Property Collateral Insurance. He is also the host of the series Innovations in Insurance With Ty Sagalow and What’s New in Insurance, both produced by World Risk and Insurance News.

Innovation Insurance Group is an insurance consulting firm and insurance brokerage founded by 30-year insurance executive, Ty R. Sagalow, former Chief Underwriting Officer, General Counsel and Chief Innovation Officer at AIG, and former Chief Innovation Officer at Zurich, NA and Tower Group. IIG focuses on three core practice groups: product development, expert witness services (primarily in the Management and Professional Liability areas), and bitcoin industry brokerage services.

Learn more about Ty R. Sagalow
Learn more about Innovation Insurance Group
Learn more about InsurTech Consulting
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IoT USA- Webinar (audio) – “Turning Data into Gold”

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