October 1, 2020
By Lydia Gabric
On September 24-25, the Gamma Iota Sigma Kappa Chapter (GIS @ ASU) officers attended the 49th Annual Gamma Iota Sigma International Conference. While the conference was hosted virtually, it did not stop college chapters from all over the continent from logging on together to attend captivating seminars, networking events, and the career fair. This event allowed students to build relationships and expand their knowledge on emerging topics within the actuarial science, risk management, and insurance industries.
One of the webinar sessions, “Building the Brand: Breaking Stereotypes and Sharing the Story of Insurance,” touched on some of the misconceptions and misunderstandings of the insurance industry. The panelists went through their backgrounds and how their careers within the industry have grown into what they are today. Another webinar session, “The Future of Insurance: Innovation in a Changing Industry,” explored the innovations in data and technology within the insurance industry and the future impact of insurtech. One student posed an interesting question to the panelist, “Do you believe that insurtech could replace the traditional broker?” While there is no way to predict the future, the panelists gave students pertinent advice to succeed within the industry. They advised students to accept change and to try not to be intimidated by technology. Instead, one should understand the technology and innovate it further within the industry and beyond. The last webinar session, “Great Power = Great Responsibility: Promoting Ethics and Fighting Bias in Data,” explored how actuarial scientists have used, currently use, and should use data. Since the insurance industry is continually improving technology, it is pertinent to integrate ethical uses of data into these innovations.
The Annual Awards Ceremony is always a highly anticipated event for each International Conference, in-person or virtually. During the ceremony, chapters, students, and faculty members are recognized for their work within their communities and with GIS. First, International Chapter Awards acknowledge chapters that develop activities that promote chapter management, membership development, alumni relations, public relations, community service, and Diversity & Inclusion to support GammaSAID initiatives. Not only was GIS @ ASU acknowledged as an International Chapter, but also titled as a Well-Rounded Chapter! A chapter achieves this distinction by organizing industry speaking engagements, officer meetings, community service events, and more throughout the school year.
While the 49th Annual GIS conference was not hosted traditionally, it was incredible to still have the opportunity to expand our knowledge, connect with others from the industry, and come together safely. On top of GIS @ ASU receiving awards, it was an honor to celebrate other chapters from all over the country. Officers and committee members are so excited to continue and explore new ways to serve our chapter and its members. GIS @ ASU is eager to see what GIS has in store for the 50th Annual Conference!