Umakant Narkhede, CPCU

Umakant Narkhede, CPCU

Des Moines, Iowa, United States
10K followers 500+ connections

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About

Umakant brings twenty years of transformative leadership experience in technology and…

Articles by Umakant

Activity

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Experience

Education

Licenses & Certifications

Volunteer Experience

  • CPCU Society - CPCU Iowa Chapter Graphic

    Board Member - Director of Operations

    CPCU Society - CPCU Iowa Chapter

    - Present 8 months

  • International Society of Catastrophe Managers (ISCM) Graphic

    Education Committee Member

    International Society of Catastrophe Managers (ISCM)

    - Present 6 months

    To promote catastrophe management professionalism within the insurance industry.

    The ISCM is organized around:
    Understanding current catastrophe management issues
    Education in the field of Catastrophe Risk Management
    Exchange of ideas through networking among catastrophe managers
    Provide an unbiased medium for correlating scientific studies, modeling developers, and other research activity with catastrophe managers.

  • CPCU Society - CPCU Iowa Chapter Graphic

    Ethics Chair

    CPCU Society - CPCU Iowa Chapter

    - 8 months

    Serve as the Ethics Chair for the Iowa CPCU Society Chapter to champion ethics awareness.

Publications

  • Insurers: It’s Time to Overexplain Your Use of AI

    Carrier Management

    Property and casualty insurance companies are pouring billions of dollars into artificial intelligence programs to streamline their operations, but there’s a return on these investments they weren’t bargaining for: consumer mistrust. People shopping for the right insurance plan are surprisingly likely to take their business elsewhere if they learn that an insurer is using AI. This is often because they have little idea how the technology is being used and often assume the worst, such as…

    Property and casualty insurance companies are pouring billions of dollars into artificial intelligence programs to streamline their operations, but there’s a return on these investments they weren’t bargaining for: consumer mistrust. People shopping for the right insurance plan are surprisingly likely to take their business elsewhere if they learn that an insurer is using AI. This is often because they have little idea how the technology is being used and often assume the worst, such as wondering whether it’s just a cold, calculating machine making important coverage decisions.

    See publication

  • Data + AI Radar for Financial Services

    Infosys Knowledge Institute

    The Data+AI Radar surveyed 2,500 AI practitioners from companies across 12 industries with annual revenues exceeding $500 million in the US, UK, Germany, France, Australia, and New Zealand. The study found that financial services firms still struggle with legacy estate and biases infiltrating AI systems. They also continue to face basic issues such as a lack of subject matter knowledge.

    See publication

  • Case Study published on Global Information Technology Sales and Marketing Model in Sales and Distribution Book by - Prof. Krishna Havaldar (IIM-A)

    International edition of TATA McGraw Hill

Honors & Awards

  • Circle of Excellence Award for GenAI FS Strategy

    Infosys

  • DXC Platinum Circle Award 2019

    DXC Technology

    DXC's prestigious Platinum Circle Award that recognizes Top 2% sales leaders globally.

  • Quarterly Sales Award

    Majesco

  • Breakthrough Deal of the Year- 2015

    Mphasis

    Annual Awards Program

  • Breakthrough Deal of the Year- 2013

    Mphasis

    Annual Awards Function

  • Nominated for "Most Valuable Player of the Year 2013"

    -

    Annual Awards Function

  • Best Farmer of Insurance Market Unit for FY'12

    -

    Insurance Market Unit Level

  • Sales Contest Winner for Q4 2012

    -

    Insurance Market Unit Level

  • Sales Exemplar of the Year- 2012

    -

    Annual Awards Function

  • Best Hunter in 2011 H2

    MphasiS an HP company

    Insurance Market Unit Level

  • Breakthrough Deal of the Year- 2011

    MphasiS an HP company

    Annual Awards Function

  • Sales Exemplar of the Year- 2011

    MphasiS an HP company

    Annual Awards Function

  • SPOT Award in 2008

    MphasiS an HP company

  • Quarterly Award in 2007

    MphasiS an HP company

  • Individual Excellence Award for 2006

    Collabera Inc (f.k.a GCI Solutions Pvt. Ltd/ Planetasia)

  • 1st Prize in Maharashtra State Level Paper Presentation Contest in Techno Arena

    -

    Topic –“Six Sigma Quality Approach”

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