Former Group CEO of Charles Taylor plc joins TruEra to help address growing demand for responsible AI solutions at insurers
REDWOOD CITY, Calif., July 21, 2021 — TruEra, which provides the first suite of AI Quality solutions for AI explainability and model quality, has appointed David Marock as a Senior Advisor. David was previously with Charles Taylor plc, where he was Group CEO and is now a Senior advisor at McKinsey & Company; he is also a Non Executive Director at Standard Life Savings. Insurance is now a major industry initiative for TruEra, which already counts a number of companies in the sector among its customers.
David brings extensive experience to TruEra, having worked across the entire P&C and life insurance, insurtech and wealth management markets. During his time as Group CEO at Charles Taylor, a global insurance services and technology provider, it expanded its breadth of services and solutions along with its geographic footprint, and in doing so, tripled in size. It also built a new insurtech business, becoming a sizable provider of core technology solutions and meeting needs across the entire insurance value chain.
TruEra is working with major insurers to ensure high quality and responsible development and deployment of machine learning models. Above all, the challenge for insurers is to win the trust of the public and stakeholders around the use of AI. While it has huge potential, AI can be overly difficult today to explain to a cautious public or, if not careful, subject to the biases of historical data. TruEra helps companies overcome these challenges, unlocking the vast potential of AI/ ML for the industry. The industry has a rich set of opportunities to use data and advanced modelling techniques more effectively for the benefit of consumers and business alike.
“We are very pleased to have David join as a Senior Advisor. He brings a proven track-record in the insurance, insurtech and wealth management markets, with a real understanding and appreciation for data management, AI model integrity and governance,” said Will Uppington, CEO and co-founder of TruEra. “As an actuary, David knows the importance of being confident that AI models’ predictive powers are fully understood and are fair to consumers.”
“I am delighted to be part of the TruEra journey,” said Marock, “and to be working with Will and the TruEra team. TruEra is solving important challenges for insurance markets globally, ones that are increasingly recognised by companies and regulators alike. The TruEra team has developed unique technology and expertise to address those challenges.”
Marock’s take on the need for AI Quality management at insurers is in his newly published blog post, “The AI Opportunity – and Challenge – for Insurers.” The new TruEra for Insurance datasheet is available here: TruEra for P&C Insurance.
TruEra, which publicly launched in August 2020, has already made a significant impact in the AI space. TruEra AI Quality solutions are already deployed at and delivering value to a number of Fortune 100 customers, including global bank Standard Chartered. In December 2020, TruEra announced a $12M funding round to help accelerate its go-to-market efforts. In March 2021, the company was named to Fast Company’s Annual List of the World’s Most Innovative Companies for AI. In June 2021, it was named a “Cool Vendor” by Gartner in its latest Cool Vendors in AI Governance and Responsible AI report.
TruEra provides the first suite of AI Quality solutions that help enterprises analyze machine learning, improve and monitor model quality, and build trust. Powered by enterprise-class Artificial Intelligence (AI) Explainability technology based on six years of research at Carnegie Mellon University, the TruEra platform helps eliminate the black box surrounding widely used AI and ML technologies. This visibility leads to higher quality, explainable models that sustainably achieve measurable business results, address unfair bias, and ensure governance and compliance. TruEra offers both ML model evaluation and ML monitoring solutions. To learn more, visit truera.com.