New York Life announced Don Vu as its chief data and analytics officer. He will lead a newly formed artificial intelligence and data team, which will be focused on AI, data and aligning data and business architecture to support the company's strategies.
Don Vu
Vu will report to Alex Cook, senior vice president and head of strategic capabilities.
"Considering Don's impressive experience and track record of success, we are delighted to welcome him to the team at this exciting point in our innovation journey," said Cook, in a statement. "We look forward to the role Don will play in furthering our digitization efforts and leveraging AI to provide industry-leading experiences for our customers, agents, advisors, and employees."
Vu joins New York Life from Northwestern Mutual where he was chief data officer. He led data and analytics functions, including AI strategy. Vu also served as vice president of data and analytics at WeWork, where he led its central data and analytics organization. Previous to that, he spent 13 years at Major League Baseball, where he handled the consolidated analytics organization as vice president of data and analytics.
Elizabeth Tyndell, VP talent acquisition at New York Life, shares how the insurer is leveraging AI to attract and retain the next generation of insurance talent.
Leveraging EHRs, medical claims and historical lab data, insurers can enhance their ability to discover undisclosed tobacco use and improve risk assessment accuracy.
A group led by Bain Capital's special-situations arm is in talks to invest as much as $2 billion in insurance broker Acrisure, according to people with knowledge of the matter.
Insured losses from natural catastrophes could soar to $145 billion this year as population growth, urban sprawl and climate change combine to supercharge risks, according to a report by Swiss Re Institute.