Colonial Surety Appoints Jay Lee as Chief Know-how Officer to Spearhead the Growth of AI-Pushed Insurance coverage Platform

Jay Lee to harness the facility of AI to make discovering, buying, and managing insurance coverage, surety, and constancy bonds as simple as browsing Netflix

WOODCLIFF LAKE, N.J., December 07, 2021–(BUSINESS WIRE)–Colonial Surety, a direct and digital insurer, at present introduced the appointment of Jay Lee as Chief Know-how Officer, with rapid impact.

As Chief Know-how Officer, Lee will head the dynamic growth of Colonial Surety’s synthetic intelligence (AI) capabilities with a concentrate on the corporate’s direct, digital insurance coverage platform. Utilizing information science, and machine studying, he will probably be designing and distributing modern expertise, making your complete Colonial Surety product suite immediately out there on-line. He will even be answerable for constructing out and main the corporate’s in-house expertise staff.

Lee joins Colonial Surety with an intensive background in expertise in addition to a confirmed observe report of reworking enterprise operations. Having labored with retail manufacturers like CHANEL, Marc Jacobs, Keurig, and PepsiCo, in addition to tech corporations, together with Google and Samsung, he’s an professional at figuring out, constructing and implementing AI methods and applied sciences that enhance buyer expertise (CX), bolster profitability and drive tangible enterprise development.

“Know-how is revolutionizing the insurance coverage {industry}, driving each effectivity and innovation. At Colonial Surety, we’re proud to be part of that change. Which is why we’re excited to announce Lee’s appointment as Chief Know-how Officer,” stated Wayne Nunziata, President at Colonial Surety. “Lee’s intensive expertise and management in technological improvements will probably be important to the continued success of our direct on-line insurance coverage platform. We sit up for the developments he has in thoughts for our group with respect to machine studying and AI that may make it simpler and extra environment friendly than ever for our clients to seek out, buy and handle their insurance coverage merchandise.”

Colonial Surety lately launched its digital platform, offering a single supply of surety and constancy bonds and insurance coverage merchandise for America’s SMBs. Certainly one of Lee’s first initiatives on the group will probably be to boost the self-service instruments, personalization choices, superior analytics, information processing, and real-time threat administration of the platform.

“I’m proud to hitch the Colonial Surety staff and additional assist its efforts to construct a data-driven platform that gives a easy and environment friendly strategy to determine, purchase and oversee the insurance coverage and bond merchandise wanted for corporations to construct sturdy, steady and safeguarded companies,” stated Jay Lee. “Colonial Surety is setting unbelievable, industry-leading requirements within the insurance coverage class, and I’m excited to hitch and share in its mission. By utilizing modern expertise, Colonial is making insurance coverage extra easy and accessible than ever for the companies who want it.”

About Colonial Surety

Colonial Surety was based in 1930 and brings deep expertise and market experience to each product and each buyer relationship. Colonial Surety offers its clients the reassurance that they, their companies, and their shoppers are safeguarded with the appropriate surety and insurance coverage merchandise always.

Colonial Surety makes it simple for a variety of industries and professions to purchase the bonds and insurance coverage merchandise they want. Colonial Surety is a direct and digital insurer providing merchandise via a web-based platform supported with exemplary customer support. The corporate offers clients a easy, direct, and immediate service that takes the ache out of shopping for insurance coverage and bonds. Colonial Surety is licensed in each U.S. state, rated “A” Wonderful by A.M. Greatest, and listed by the U.S. Treasury as an accepted surety.

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Aspectus Group
Kylie Souder
[email protected]

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