2026-08-13 · Source: Insurance Business UK
Summary in 3 Points • Luca Piccolo is the data and ML products delivery lead at Intact Insurance • Piccolo advocates for aligning data initiatives with strategic business objectives • He proposes a 'vertical stripe' model for faster returns on data transformations --- Luca Piccolo, the data and ML products delivery lead at Intact Insurance, has a deep-rooted passion for computing and AI, which began in his childhood in Italy. He pursued his education in computer engineering and AI, leading to a career in management consulting before joining Intact Insurance. Piccolo stresses the importance of aligning data initiatives with the company's strategic objectives, arguing that data should support business priorities. He criticises the traditional incremental approach to data transformation, suggesting instead a 'vertical stripe' model that focuses on building complete solutions within specific domains to demonstrate quicker returns and maintain organisational trust.
For the London insurance market, Piccolo's approach could influence how data transformation projects are structured, potentially leading to quicker realisation of benefits. This may affect underwriting processes, claims handling, and broker relationships by aligning data initiatives more closely with strategic goals. The 'vertical stripe' model could offer a more efficient path to integrating AI and data analytics, enhancing competitiveness. Insurers may need to reconsider their data strategies to maintain trust and demonstrate value more rapidly in a fast-evolving market landscape.