Jeromie Weatherburn has a very unique career trajectory with an impressive set of skills and expertise. Starting as a financial planner, he soon became a trusted financial advisor and counsellor to clients and colleagues. As a financial planner, Jeromie’s achievements include $250,000 in life insurance premiums completed and $8million in wealth creation products placed.
With this deep expertise in the financial services industry, he gradually moved into the insurance landscape and developed a passion for decision making and problem-solving using data and analytics.
Apart from that, he has been working in the insurance pricing roles from 2008. First as a Pricing Specialist at Australian Insurance Holdings and then as the Pricing Team Leader at IAG New Zealand. Currently, he is working as the pricing manager at Insurance Australia Limited (IAL), formerly Berkshire Hathaway Insurance Australia (BHIA).
IAL is an InsureTech and a part of the Insurance Australia Group (IAG) of companies, which is the largest general insurer in Australia and New Zealand. Last year, IAG insured over $2 trillion worth of assets, collected $11.4 billion in premiums and paid out almost $9 billion in claims.
IAL provides end-to-end personal lines of insurance products to the Australian market. At IAL, Jeromie plays a pivotal part in scaling-up the organization through thought leadership, relationship management, people and project management.
In this exclusive interview, Jeromie offers us deep insights and wisdom into the use of data and analytics in the insurance industry.
- How to get into insurance pricing if you’re interested. Hint: programming languages
- A sneak peek into the practical experience in the grey world of real-life work with data analytics.
- History of IAL coming out of IAG.
- How insurance pricing and analysis work.
- How analytics translates into insurance pricing.
- How the premiums are priced.
- Use of the external data sets – real-life use case with examples.
- How there are new and exciting sources of data that you can access, such as satellite and aeroplane imagery.
- Why all business is a data business and success largely depends upon distilling what truly matters.
- What’s the best insurance pricing software to use?
- What can a new start-up insurer, who has no data, do for price optimisation? Hint: Benchmarking.
- Also, how they can avoid getting into legal troubles.
- Changes in insurance pricing and data analytics tools and technologies over the years.
- Some of the ethical aspects of using data for insurance pricing analysis.
- How you can use the experience Jeromie gathered while working and growing IAL.
So, all this really makes this episode another very exciting one for the insurance industry folks here! Don’t miss this one!
Also, share the episode with your friends and colleagues who are interested in insurance and data analytics.
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