London, UK — Wrisk, a leading provider of embedded insurance solutions for Automotive OEMs, is pleased to announce the appointment of Dr Mark Lee as Director of Pricing & Actuarial Science. Dr Lee, with a PhD in Theoretical and Mathematical Physics from Oxford, brings exceptional quantitative acumen to his new role within the Wrisk Platform group.
For the last 8 years, a primary focus of Dr Lee's work has been the application of advanced analytical and modelling techniques to actuarial problems, particularly in general insurance pricing. He was a member of the steering committee of the IfoA's "Modelling, Analytics and Insight from Data" working party, and has spoken extensively about the uses of data science in insurance."
Since the inception of Wrisk, Dr Lee has been a pivotal collaborator, significantly shaping the company's pricing infrastructure which has been crucial to its growth trajectory and market success. In his enhanced role, Dr Lee will lead the strategic development and execution of sophisticated pricing models and portfolio performance strategies across Wrisk’s global suite of insurance products and services.
Central to his role will be the development of advanced machine learning-based models aimed at refining pricing efficacy and operational efficiency. This strategic move is indicative of Wrisk’s commitment to embedding cutting-edge technology and robust data-driven methodologies at the core of its business operations.
Commenting on the appointment, Nimeshh Patel, CEO of Wrisk, stated, "Dr Lee's deep expertise in mathematical sciences and his progressive approach to actuarial methodologies are of immense value. His leadership is poised to enhance our pricing frameworks and infrastructure, ensuring they are both innovative and responsive to the dynamic needs of the global market."
Shiv Bhaduri, COO & CDO of Wrisk, remarked, "Dr Lee’s in-depth quantitative understanding and his progressive outlook on leveraging advanced ML methods will greatly augment our operational capabilities. We are enthused by the pivotal role he will play in enhancing our actuarial precision and driving strategic innovations."
Dr Lee’s transition to a full-time role marks a significant milestone for Wrisk as it continues to expand its influence and refine its offerings globally, maintaining its leadership in pioneering insurance solutions for Automotive OEMs.
We invite you to join us in welcoming Dr Mark Lee to his new position and anticipate the innovative contributions he will make towards advancing the pricing strategies within the insurance sector.