Lloyd’s syndicate AEGIS London has launched a new data science and analytics team aimed at enhancing its underwriting capabilities and data-driven initiatives.
The team is led by Giuseppe D'Angelo, head of data analytics and portfolio underwriting. The newly established group includes data scientists under the management of AI and data science expert Dan Hirlea, and data analysts led by data visualisation expert and qualified actuary Balint Bone.
This team is tasked with extracting insights, identifying trends, and providing data-driven recommendations for underwriting and portfolio management strategies.
D’Angelo highlighted that data science and analytics have become established fields within general insurance, especially among high-performing syndicates in the London market.
“Skill sets are highly sought after so it’s great that we have been able to put together two strong teams under Dan and Balint. Day to day, the teams will be retrieving, manipulating, and visualising AEGIS London data, as well as helping put the power of analytics directly into the hands of business users, educating and collaborating with data champions across the business,” D’Angelo said.
AEGIS London’s CEO, Alex Powell, also highlighted the strategic importance of maximising data potential.
“With this team of experts we will turn our rich pool of data into the raw material for decisions, insights and product development,” Powell said.
Powell added that the recent transformation of AEGIS London’s finance and operational systems has laid the foundation for advanced data-based decision-making.
“Over time, the team will collaborate with other teams within the business to help them better understand what data they have access to and what we can achieve with it,” he said.
Elsewhere, AEGIS London also recently announced a partnership with insurtech Kayna, set to provide data-driven insurance coverages to borrowers through surplus lines brokers during commercial lending transactions.
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