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Frank Schmid
Chief Technology Officer, Stamford
Frank Schmid is Gen Re’s Chief Technology Officer. Based in our Stamford, CT headquarters, he leads our IT department and hosts meetings in business data science to discuss research methodology in econometrics and machine learning. Previously, Frank was affiliated with AIG, the National Council of Compensation Insurance, and the Federal Reserve Bank of St. Louis. He holds a doctorate in economics from Leuphana University of Lüneburg, Germany, where he held an appointment as an extraordinary professor of business administration. Frank has also taught finance and economics at academic institutions in Europe and Asia-Pacific. In 2006, he received the Hicks-Tinbergen Award from the European Economic Association, jointly with Gary Gorton of Yale University.
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Understanding the Importance of Algorithmic Fairness
Von Frank Schmid Feb 17, 2022English
The discourse around algorithm fairness has garnered increasing attention throughout the insurance industry. As the use of machine learning has become more common, from marketing and underwriting to claims management, regulators and consumer rights organisations...
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Big Data and the Balance of Information Between Insurers and Consumers
Von Frank Schmid Jan 17, 2022English
The widespread digitisation of the economy has created a wealth of data on risk exposures for insurance companies. But how insurers exploit what has become known as Big Data has prompted widespread discussion around data ethics, especially in regard to...
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