(Image source: Corvus Insurance homepage.)
Corvus Insurance, a specialty insurance MGA offering Smart Commercial Insurance products powered by AI-driven risk data, has announced the appointment of Paul Gaspar as Chief Data Officer, effective immediately.
Gaspar will lead Corvus’s data infrastructure evolution and innovation. He is charged with scaling Corvus’s core data streams and identifying new sources of information to build upon the company’s core value to brokers, policyholders, and risk capital partners, according to a Corvus statement. Corvus says its appointment of a Chief Data Officer to its executive team comes as the company continues to invest in its market-leading approach to leverage data in underwriting and risk management.
“From its inception, Corvus has used data and technology as a key differentiator in the insurance industry,” comments Gaspar. “I’ve seen data go underutilized—even in the technology industry—and I’m excited to join a team where we can expand the horizons for data sources and continue to innovate to create even greater value for our brokers, policyholders, and risk capital partners.”
Founded and Ran AIG’s Asian Data Science Practice
Gaspar brings over 25 years of advanced analytics experience to Corvus. He previously served as SVP of Analytics, Insights, and Planning at Wells Fargo where he led the function for the bank’s Consumer and Small Business Banking Operations group. Prior to his position at Wells Fargo, Gaspar founded and ran the Data Science practice of AIG in Asia.
In these prior roles, Gaspar led teams of technologists, analysts, and data scientists to use data solutions to drive efficiency while enhancing customer experience, according to the Corvus statement. He leveraged new technologies, implementing Artificial Intelligence (AI), open-source software, and cloud-based infrastructure, to support both business and customer needs, Corvus reports.
“As Corvus focuses on building the most robust data- and technology-based InsurTech offerings, Paul is a welcome addition to our growing team,” says Phil Edmunson, Founder and CEO, Corvus Insurance. “Paul’s advanced analytics experience will be crucial as Corvus continues to lead with data—using novel insights to help curb systemic risk—and further our mission to make the world a safer place.”