As artificial intelligence is gaining ground in insurance, insurers are increasingly interested in ‘quantum computing’ technology as well. The combination of massive computing power offered by the quantum computers, and advances in AI provides an opportunity to completely transform the insurance business with advanced risk modeling and real-time data processing.
Quantum technology is giving rise to a significant risk for insurers, the quantum computers can potentially break the widely used encryption algorithms within hours, which leads to significant cyber, liability, and business disruption risks for insured enterprises. Many hackers are using strategies such as ‘Harvest now, decrypt later’ (HNDL) to acquire the encrypted data and wait until the quantum computers are available to decrypt it.
Hence, it is evident that insurance companies should act now and be future-proof by leveraging and advocating quantum-safe cryptography, as early adopters will develop a strong competitive edge and shape the future of the insurance industry.
LTIMindtree is organizing a roundtable & immersion session for the insurance industry leaders jointly with technology leaders in this space to discuss ‘Quantum Computing’, the opportunities and risks for the insurers, and what it means to be #QuantumReady.
Agenda: (all timings in EST)
14:00 pm to 14:10 pm
14:10 pm to 14:30 pm
14:30 pm to 14:50 pm
14:50 pm to 15:25 pm
15:25 pm to 15:45 pm
16:00 pm to 16:30 pm
16:30 pm to 18:30 pm
Registrations and Welcome
Breakout Session: Motivation for Quantum and Potential Application Areas
- Amogh Apsingekar, Senior Director, LTIMindtree Quantum Tech Incubation
Keynote from Quantum Xchange: Post-Quantum Cryptography, Vince Berk, Chief Strategy Officer
Roundtable: Opportunities and Risks for Insurers (Moderator: Amit Unde, Insurance CTO, LTIMindtree)
Keynote from D-Wave Systems: Unlock the Power of Practical Quantum Computing Today, Alex Koszegi, Sr Solutions Architect
Roundtable: Roadmap for getting Quantum Ready with IBM
Fae Gholami, STSM, Chief Architect, IBM zSystems
Closing remarks and Networking (Cocktails and Hors d'oeuvres)
Vice President & CTO
Senior Director, LTIMindtree
Quantum Tech Incubation
Sr Solutions Architect,
STSM, Chief Architect,
Chief Strategy Officer, Quantum Xchange
Account Director, LTIMindtree
The roundtable discussion & immersion sessions will be attended by executives from AIG, Cap Specialty, Cigna, Gen Re, Great American, Lincoln Financial Group,
Nassau Financial Group, Selective Insurance, Sompo, Travelers, The Hartford,
Tokio Marine NA, Vantage Insurance and industry & technology leaders.
LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 82,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree — a Larsen & Toubro Group company — combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. For more information, please visit https://www.ltimindtree.com/