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UP CLOSE: Leandro DalleMule

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Leandro DalleMule

NEW JOB TITLE: New York-based general manager for North America, Planck Resolution Ltd.

PREVIOUS POSITION: New York-based chief data officer, American International Group Inc.

GOALS FOR YOUR NEW POSITION: I am responsible for ensuring we deliver the best solution to our clients. Planck offers an artificial intelligence-based platform to generate automated underwriting insights for commercial insurers, while delivering answers with more than 90% accuracy and coverage. Insurers don’t need to rely on manually entered data anymore, which poses obvious challenges with its quality and high acquisition and operational costs. The combination of rich, granular, up-to-date data in the open web with AI and machine learning capabilities enables insurers to change the game.

CHALLENGES FACING THE INDUSTRY IN YOUR AREA: Capture and usage of data, new and old data. Although financial services companies were some of the pioneers in advanced analytics, most organizations have found major challenges when trying to extract value from data. Many banks and insurers grew rapidly through mergers and acquisitions in the last 20 years, but with little to no attention to integrating front- and back-end systems and standardizing data. This is the major cause behind the limited success, or complete failure, of several data analytics initiatives in financial organizations, until recently. The good news is that some of the new fintech players seem to have “cracked the code” and have demonstrated real, scalable results to banks and insurers.

FIRST EXPERIENCE IN THE FIELD: I worked for GE Capital as a credit risk analyst when terms like “data science” or “data analytics” didn’t exist. Technology and tools, such as AI, have come a long way in the last 20 years.

ADVICE FOR A NEWCOMER TO THE INDUSTRY: Never stop learning. It is very easy to become comfortable, but you will fall behind quickly.

DREAM JOB OUTSIDE THE INDUSTRY: Since I am now too old to be a professional race car driver, working in analytics for top Formula One teams, like Ferrari and Mercedes, would not be a bad idea.

LOOKING FORWARD TO IN YOUR NEW JOB: I am working with an exceptionally bright and talented team, which has grown up consuming technology differently than I have. I have the opportunity to learn a “new trick” every day, while I can teach them about a 150-year-old industry and how to avoid some mistakes along the way.

COLLEGE MAJOR: Mechanical engineering

FAVORITE MEAL: Trippa alla Romana, aka tripe Roman style. I know… not your typical favorite meal response. But this is something I grew up eating and brings great memories. On the positive side, nobody usually asks to share it!

HOBBIES: Race car driving. What was once a career, many years ago, is now a hobby. However, my competitiveness and perfectionism, always chasing that last 10th of the second per lap, is still going strong.

FAVORITE TV SHOW: Right now, we are binge-watching Netflix’s “Penny Dreadful.” But probably “Game of Thrones” is the best one lately.

ON A SATURDAY AFTERNOON: From April through November, I will probably be on an auto race track. I will be either racing formula cars or karts in a couple of regional championships I compete in, or I will be working with the mechanics to improve the cars. When it is too cold for car racing in the Northeast, I take my kids ski racing, as they both compete all winter — so I do my skiing, too. Family that races together … 

 

 

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