The initiative aims to foster collaboration among employees and partners on data science and AI projects to improve operational efficiency and expedite results in underwriting and claims processes.
Aspen Data Labs is a cornerstone of Aspen’s strategic vision to advance its data and technology strategy, aiming to generate industry-leading insights. Rob Houghton, Chief Operating Officer at Aspen, expressed his enthusiasm about the initiative: “I’m delighted to introduce Aspen Data Labs, a key step in advancing our AI plans and creating great solutions that enhance our experiences with Aspen for our customers, colleagues, and business.”
Houghton highlighted that Aspen Data Labs will serve as the hub for building and developing AI services, bringing in-house tech capabilities, recruiting AI talent, and ensuring responsible AI governance. The platform is also intended to promote strong collaboration, with the first AI Data Summit providing an opportunity to exchange ideas, collaborate with different teams, and learn from external experts.
As Aspen Data Labs evolves, it will offer access to AI tools, frameworks, and resources aimed at optimizing core business functions, enhancing client experiences, and boosting financial performance. It will also support partnerships with third-party organizations.
Aspen Data Labs is set to host an AI Data Summit in London from July 16-18, in partnership with LMarks. This event will provide employees and external suppliers an opportunity to explore ideas for enhancing underwriting and claims processes through data and technology.
Christian Dunleavy, Group Chief Underwriting Officer at Aspen, emphasized the importance of technology and AI to Aspen’s strategy: “Aspen Data Labs will be instrumental in enhancing our decision support systems to bring solutions that improve our operations and customer outcomes.” He further added, “By bolstering our partner ecosystem with our internal capabilities, we are enhancing our capacity to innovate and deliver greater value, ensuring Aspen remains the partner of choice now and in the future.”
