Hub & Spoken: Data | Analytics | Chief Data Officer | CDO | Data Strategy Engagement with data and AI at Lloyds with Cassandra Vukorep
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Oct 17, 2024 Cassandra Vukorep, Chief Data Officer at Lloyds of London, brings a wealth of experience from wealth management and digital transformations. She highlights the pivotal role of data literacy in fostering a collaborative culture. The discussion dives into the unique challenges of the insurance landscape and the significance of grassroots engagement in data strategy. Cassandra emphasizes the need for standardized communication in specialty insurance and shares insights on promoting data-driven decision-making within a long-established institution.
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Non-Traditional Path to CDO
- Cassandra Vukorep's career path to CDO was non-traditional, starting in wealth management and IT.
- Eight interviews later, she landed the Lloyd's CDO role after proving herself on Blueprint 2.
Unique Language of Lloyd's
- The London insurance market uses unique terminology like MRC (Market Reform Contract) and CDR (Core Data Record).
- These terms, specific to Lloyd's, require a deep understanding of the specialty insurance market.
Lloyd's Role in Insurance
- Lloyd's of London facilitates insurance sales between brokers and syndicates but doesn't sell insurance itself.
- Brokers present risks to syndicates, each taking a portion, guaranteeing the policy through Lloyd's vetting process.