power of data science
Breaking new ground every day
At LV= General Insurance (LV= GI), we push the boundaries of what’s possible – day in, day out – so that we can help people look after the things they love. Committed to staying at the forefront of the insurance industry, we’re putting data science at the heart of everything we do. Because from combating fraud to improving our processes, we know that machine learning and artificial intelligence will shape the future of our business, ensuring we’re able to provide the best service possible for our customers.
Our team of Data Scientists and Data Engineers work together at the cutting-edge of tech to find the answers to the challenges facing our industry, and they’re breaking new ground every day. We’re revolutionising the impact that machine learning has on our business – and beyond.
Partnering with the University of Bristol
Not only are we growing our data science function internally, we’ve recently joined forces with the University of Bristol to create an innovative data science hub. One of the first partnerships of its kind, our team will be embedded within the University – renowned for outstanding digital and data research – to collaborate on a completely new level with the Faculties of Engineering and Social Sciences & Law, the Bristol Digital Futures Institute and the Jean Golding Institute (JGI) for Data Science and Data Intensive Research – helping to bridge the gap between academia and the commercial world.
We’ll be delivering lectures and supporting students as they work on real-life projects that are challenging the industry, teaching real-world skills so that they’re ready for life after academia. This is an incredible opportunity for both LV= and the University to share knowledge, exchange expertise and explore how the insurance industry can benefit from machine learning and artificial intelligence.
Through our various research programmes, we hope to challenge and further existing thinking around data science and in particular data ethics. There’s a real debate at the moment around the responsibility that comes with having access to large swathes of customer data, and we’re keen to be leading that conversation. We want to be the insurance company that defines a new set of standards for data science – and this exciting new partnership is crucial to that.
How we’re driving data science forward at LV= GI
“There’s been a lot of talk about data science and how it can be used theoretically but at LV= GI, we’re putting it into practice and providing real value every day. Our team’s growing and that’s really exciting.
The team’s time is split into three key parts: delivery of value, technical excellence and innovation. We also make sure individuals have the time to do their own research so they can stay up-to-date with the latest trends and technologies. Across the whole business, there’s a big emphasis on developing and educating people so that they understand the value of what we do and how it might be able to help them in their roles. We’re already seeing the impact of our work and its positive effects on our customers – I can’t wait to see where the future takes us.”
Pardeep Bassi (Head of Data Science)