David Bassi is an industry leader with experience in underwriting. risk management and analytics. He has led efforts at prominent global companies to integrate advances in data science, technology and the capital markets into traditional business models.
With more than 20 years of experience, Bassi continues to be on the forefront of driving industry change by adapting emerging capabilities to address evolving industry needs. By building skilled teams with the tools to actualize strategic improvement opportunities, he has led transformational advances in delivering value to clients.
Bassi has worked with major universities to build programs around analytically enabled innovation and is a recognized thought leader on the topic. He believes that only by looking outside the industry can we achieve our potential. As a speaker at major conferences such as the Casualty Actuarial Society, he has delivered presentations on various topics surrounding the quantification of emerging risks related to property and casualty insurance. Most recently, Bassi has spoken on big data analytics for risk management success at the Vermont Captive Insurance Association.
He is a fellow of the Casualty Actuarial Society and holds a B.S. in mathematics and statistics from the University of Massachusetts.
Claims are a paradox for the insurance industry. Neither consumers nor insurers want claims to occur, but, when they do, they are critically important to both parties. Consumers want speedy resolutions, clear communications about status and, as a bonus, a personal touch. Insurers are looking for efficiency and accuracy and to eliminate the risk of […]
As insurers undertake digital transformation programs, many rightly turn to the claims function. Claims is a very good candidate for such initiatives because of its importance to the relationship between customers and their insurers. Claimants and insurers both want speedy and fair resolution, based on clear lanes of direct and personalized service. A data-driven, analytics-enabled […]
There was a time not long ago when a bank originated a loan and kept that loan on the balance sheet until it was repaid. The amount banks could lend was limited to the deposits they had on hand and the banks’ own ability to borrow. Today, credit risk is traded regularly, with specialized data and […]
Most people who purchase an insurance policy are faced with the daunting task of filling out an extensive application. The insurance company – either directly or through an intermediary – asks a myriad of questions about the “risk” for which insurance is being sought. The data requested includes information about the entity seeking to purchase insurance, the […]
After more than 20 years in the insurance industry, working on three continents in various product lines and capacities, I have seen many changes occur alongside a notable constant: Insurance consumers want to pay less, and insurance company returns don’t satisfy shareholders. Therein lies the rub. The conventional way to increase returns has been for insurers […]
