BERKSHIRE HATHAWAY GUARD INSURANCE COMPANIES
108 our R & D approach to technology yielding over a dozen patents .” With a wealth of experience in insurance , Witkowski has witnessed firsthand how the sector is moving from the paperbased work of the past towards a new age powered by technology and data .
Many businesses contend that data is the ‘ new oil ’ and the same sentiment rings true at Berkshire Hathaway GUARD . With reams of data at the insurer ’ s fingertips , Foguel , who is an actuary by profession , believes that this appreciation of data gives the organization a significant edge .
“ Whether it ’ s for claims processing or policy selection and pricing , we always manage data down to the scintilla level . This means we can provide our analysts and actuarial staff the data they need to make good , real-time decisions ,” he explains .
Digital transformation can put a strain on any business ’ wallet but at Berkshire Hathaway GUARD , the enterprise has shrewdly taken a build , rather than buy , approach . “ A lot of resources , time and effort are consumed when companies decide to replace their policy administration
APRIL 2019