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Excellent advice. Question: in what ways does insurance domain knowledge set you apart? I understand certain industries benefit from Engineers with domain exp
by DecentRecruiter 3y ago
Excellent advice.
Question: in what ways does insurance domain knowledge set you apart?
I understand certain industries benefit from Engineers with domain experience (e.g. Healthtech companies needing HIPAA knowledge).
I'm curious as to what particular skills insurance companies need from Engineers?
- extr 3y agoFor pure SWE I don't think I have a great answer for you, but on the ML/DE side there are a lot of industry-specific problems, especially on the P&C side, it helps to have context and experience with: * Rating (a deep, classical, tabular ML problem) is still catching up to SOTA techniques in many insurance companies + uneven regulatory environment makes it tricky to navigate. * Marketing is another classical ML problem, the goal is to optimize ad/lead broker spend/conversion funnel. * CS of course has huge opportunity with LLMs. * Automated claim fraud detection is a very difficult problem amenable to LLMs/MM DL models. Lots of "pivot to AI" going on here. And there are others of course. The main thing is that insurance companies have limits on product innovation - policy terms are in many cases mandated by law, so the main differentiator is operational efficiency and exellency. Solutions that move the needle on big revenue/cost levers are very valuable and can be applied widely.