FintekNews is pleased to offer our readers our “3 Questions With…” column, where we chat with a thought leader within a unique sector of fintech and ask them to answer just 3 questions for our audience in their vernacular. This week, we’d like to introduce you to Leandro Dallemule of Planck Resolution, which provides an AI-based Data Platform for Commercial Insurance, and in July 2018, announced its A round of $12M from leading VCs.
NAME: Leandro Dallemule
TITLE: General Manager, North America
COMPANY: Planck Resolution
WEB ADDRESS: http://www.planckre.com/
How did you personally become involved in fintech?
As chief data officer of a large global insurance company, being up to speed with the latest techologies and solutions is part of the day to day job. But it is not that simple… 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 a some of the new fintech players seem to have “cracked the code” and have demonstrated real, scalable results to banks and insurers.
What does your firm do/offer within the fintech sector?
Planck offers an AI-based platform to generate automated underwriting insights for commercial insurers, while delivering answers with more than 90% accuracy and coverage, all in real time.
The truth is out there, waiting to be leveraged. 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 data with artificial intelligence and machine learning capabilities enable insurers to change the game. In addition, our clients can explore, collect and analyze new data fields, very easily and at a marginal cost, to generate smarter insights, better pricing, claims adjudication processes leading to higher underwriting profits and greater customer satisfaction.
What is your role within your firm and what do you do there on any given day?
I am the general manager for Planck’s North America operations and am responsible for ensuring we deliver the best solution to our clients.
As the US-based senior leader for our company, I leverage my 25-year experience in insurance and financial services, data management and advanced analytics from my previous executive roles at AIG, BlackRock, Citibank Deloitte and GE Capital, to be a trusted advisor for our clients, constantly helping them achieve higher profitability and client satisfaction through Planck’s solutions.
Leandro is the former chief data officer (CDO) and head of information management at AIG. Leandro holds a magna cum laude MBA from the Kellogg School of Management, at Northwestern University, a graduate certificate in applied mathematics from Columbia University and a a B.Sc. in mechanical engineering from University of Sao Paulo, Brazil.