AEGIS London, the London-based Lloyd’s syndicate, has announced the formation of a new data science and analytics team to enhance its underwriting capabilities and data-driven initiatives.
This new team will be led by Giuseppe D’Angelo, who has been appointed as head of data analytics and portfolio underwriting, according to InsurTech Insights.
AEGIS London, renowned for its expertise in underwriting and its innovative approach in the Lloyd’s market, aims to unlock the full potential of its extensive data pool with this new team.
The company focuses on maximising the use of data to drive decision-making, insights, and product development.
Giuseppe D’Angelo, who now heads the data analytics and portfolio underwriting department, will lead a team of highly skilled experts.
The team includes data scientists, managed by AI and data science expert Dan Hirlea, and data analysts, managed by data visualisation expert and qualified actuary Balint Bone.
Giuseppe D’Angelo has emphasised the importance of data science and analytics in general insurance and highlighted its growing significance in the London market. He stated, “Data Science and Analytics is an established field within general insurance and in recent years has become a specialism in the London market within high-performing syndicates. 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.”
Alex Powell, CEO of AEGIS London, added, “Maximising the potential of data is one of my key strategic priorities. So with this team of experts, we will turn our rich pool of data into the raw material for decisions, insights, and product development. We’ve been through a major transformation of our finance and operational systems, which has created the platform 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.”
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