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S4 EP57: Building the right foundations to embrace the AI implementation journey - Prashant Hinge, Chief Digital Transformation Officer, MSIG USA

S4 EP57: Building the right foundations to embrace the AI implementation journey - Prashant Hinge, Chief Digital Transformation Officer, MSIG USA

FromThe Insurance Coffee House


S4 EP57: Building the right foundations to embrace the AI implementation journey - Prashant Hinge, Chief Digital Transformation Officer, MSIG USA

FromThe Insurance Coffee House

ratings:
Length:
26 minutes
Released:
May 28, 2024
Format:
Podcast episode

Description

“Given the potential of AI, we should all be focused on ensuring it's part of our strategic roadmap. It is an excellent tool that is going to allow us to rethink, reimagine how we deliver products, services and experiences to our client base”, says Prashant. “Is it machine learning? Is it deep learning? Is it unstructured data? Is it predictive models? What is it that you really want to achieve?While it's powerful, it requires other catalysts to function. You can't start building a roof and then look at the foundation.  Building the right data foundation, having a robust change management plan and then ensuring there are business use cases that are aligned with the outcome.”On the Insurance Coffee House Podcast this week, Prashant discusses: starting his career for a business outsourcing processing company over 20 years ago in India transitioning in to managing processes and people mostly in P&C specialty lines and understanding the insurance lifecycle, from acquisition to claims being part of the mission to make MSIG USA a data-driven insurerchange management and its impact on people, infrastructure and day-to-day operationsAI requiring other catalysts to function properlyadding skills and embracing the AI implementation journey what he looks for in an insurance executive search partnerbeing entrepreneurial and keeping a smile on your faceand the one lesson his job has taught him, he wants everyone to learn“Change is hard. We use different terminologies in an organization to express our goals, objectives and why we are doing it. But it all boils down to one thing and that is change. Think about what you're doing as change and keep that in mind, because if you lead with that, it helps you understand how to increase adoption and how to make change stick.”Connect with Prashant Hinge on LinkedIn or find out more about MSIG USAThe Insurance Coffee House Podcast is hosted by Nick Hoadley, CEO of Insurance Search.We are a global Insurance Executive Search Consultancy, supporting Insurance and Insurtech businesses to attract and retain the very best insurance talent.Find out more about showcasing your employer brand as a guest on the Insurance Coffee House Podcast or sign up to our News and Insights. Copyright Insurance Search 2024 – All Rights Reserved. 
Released:
May 28, 2024
Format:
Podcast episode

Titles in the series (100)

The weekly Insurance Coffee House Podcast series is the place where you’ll be inspired by some of the most successful insurance business leaders on the planet. With each guest asked the same set of ten questions you’ll understand the recurring patterns and traits that make them successful. Covering morning routines, favourite success quotes and how they overcame their largest setbacks, they’ll give a personal insight in to what it takes to be a successful insurance business leader. This podcast will suit senior executives from inside the insurance industry and ambitious insurance business leaders of the future, giving you practical management tips and advice to help you achieve your career ambitions. The show is hosted by Nick Hoadley, CEO of leading international insurance executive search firm, Insurance Search. If you would like to contact Nick about the podcast or to discuss any executive search assignments, please email info@insurance-search.co.uk or call (+44) 203 9488 501